As an Internet banking loan product launched by Weizhong Bank, "micro-loan" has the following characteristics:
(1) Unsecured and unsecured;
Most personal loans provided by traditional financial institutions require borrowers to provide guarantees such as mortgages, and it is difficult for individual users who cannot provide guarantees or have no fixed assets under their names to obtain loans. "Micro-loan" does not need mortgage and guarantee, and does not need to submit any paper materials, which can better meet the micro-financing needs of users with good credit.
(2)7*24 hours service, the fastest 1 minute to complete the loan;
Relying on strict risk control rules and complete technical support system, "micro-loan" provides 7*24 hours online service, with convenient and efficient procedures. All processes are completed on mobile phones, and loans can be made in 40 seconds at the earliest.
(3) It can be borrowed and repaid, and there is no handling fee for prepayment;
Most traditional financial institutions require users to repay on the repayment date. If the user wants to repay the loan in advance, he needs to apply and pay the handling fee. In addition to the regular default withholding repayment, "micro-loan" also supports users to settle loans at any time without charging any other additional formalities.
Extended data
The maximum credit line of small loans is 200,000 yuan, which is paid independently. According to the Interim Measures for the Management of Personal Loans, the borrower can pay independently if he cannot determine the specific transaction object in advance and the amount does not exceed 300,000 yuan.
At the same time, according to the Interim Measures for the Administration of Personal Loans, lenders should conduct verification and credit granting by taking on-site verification as the main investigation method, supplemented by telephone inquiry. The loan investigation includes the borrower's basic information, income, loan purpose, repayment source, repayment ability and method.
References:
Baidu encyclopedia-micro-credit loans
References:
China News Network-Micro-loan of Weizhong Bank on the Edge of Law