Online lending is a service specially provided for users who need small loans. The application threshold is quite low, and generally no mortgage guarantee is needed. You can get a loan by uploading personal information, work certificate, garage and other information.
Due to the low threshold of online loan application, the risk is relatively large. Lenders often don't give too high a quota, usually around 1000 ~ 8000 yuan. Individual users with better qualifications can get a quota of tens of thousands of yuan. Small amount is an important feature of online lending, which is suitable for users who need money temporarily.
I believe many people have had this experience. To get a bank loan, you have to queue up first, and some even have to make an appointment in advance, and then communicate the details of the loan, prepare relevant materials for business, and sign relevant contracts after waiting for review. In short, it is time-consuming and laborious. The characteristic of online lending is convenience. You don't need an extra holiday. You can apply for a loan directly online, upload information, and deposit the money directly into your bank card after approval.
Online lending supports a variety of repayment methods. You don't need to transfer money to the bank for repayment. You can open automatic repayment and deduct it from the bank card every month. In addition, you can borrow it and return it. If you are not short of money, you can repay in advance. The whole process is online, which saves a lot of processes.
Internet credit originated in Britain, and then developed to the United States, Germany and other countries. Its typical model is that online credit companies provide a platform for borrowers and borrowers to bid freely and reach a deal.
In the traditional P2P model, the online lending platform only provides services such as information exchange and information value appraisal that are conducive to the completion of transactions, and does not substantially participate in the interest chain of lending. There is a direct creditor-debtor relationship between borrowers and lenders, and the online lending platform maintains its operation by charging certain fees to borrowers and lenders. In China, due to the nonstandard citizen credit system, it is difficult for the traditional P2P model to protect the interests of investors.
Therefore, in the continuous exploration and practice of P2P online lending, it is suggested that friends and relatives should be introduced into credit loans for joint guarantee, and mortgages or pledges should be introduced into other loans for counter-guarantee. At the same time, the enterprise loan project introduces a third-party financing guarantee company to audit and guarantee the project principal and interest, and requires that its guarantee scale should match the guarantor's guarantee amount, and the guarantor should also strengthen its own risk control management. Online lending, also known as P2P online lending. P2P is the abbreviation of English peer to peer, which means "person to person".