Is online microfinance credible?
Check the qualification of the financial company behind the small loan before borrowing. Generally, the companies behind formal micro-credit loans have formal lending qualifications and financial licenses.
You can find the company's information online, including business license, enterprise legal person, enterprise scale, enterprise operation status and so on. If all the above contents are true, then this small loan account is more reliable.
According to the different types of products owned by small loan companies, many small loan companies have many kinds of loan products, with the purpose of meeting the loan needs of different groups of people, expanding the users of the companies and ensuring the stable operation of the companies. If a company only needs one loan product, then everyone should be cautious.
See if the loan process is formal and complete. The loan products under the formal loan company have a relatively complete review process from loan application to final lending. If the borrower finds that the loan review process is more casual, then everyone needs to be careful.