Multi-purpose wallet loan is real. Multi-purpose wallet loan is true, because multi-purpose wallet provides a variety of loan products, including credit loans, mortgage loans and automobile mortgage. When applying for a loan, you need to fill in the loan application form and submit the loan application. The application form needs to fill in personal information, loan amount, repayment period, etc. After the application is submitted, the multi-purpose wallet will be reviewed, and the review time is generally 1-3 working days. After approval, the loan will be directly credited to the borrower's account. However, some users have reported that they have encountered problems when applying for multi-purpose wallet loans, such as the need to fill in a lot of personal information in the application form, the complicated review process, high interest and hidden expenses. Therefore, you should think carefully before choosing a multifunctional wallet.