Its characteristic is that the debtor can get a loan only by his own reputation without providing collateral or third-party guarantee, and the borrower's credit degree is used as repayment guarantee. For a long time, this kind of credit loan has been the main loan method for banks in China. Because this kind of loan is risky, it is generally necessary to conduct a detailed investigation on the borrower's economic benefits, management level and development prospects in order to reduce the risk. It is mainly applicable to enterprises (institutions), legal persons, other economic organizations and individual industrial and commercial households that have been approved and registered by the administrative department for industry and commerce and meet the requirements of the General Principles of Loans and banking regulations.
Ali Loan is one of Alibaba Financial's financing service brands for small and micro enterprises, mainly targeting small and micro enterprises on Alibaba B2B platform.
Alibaba Finance, a subsidiary of Alibaba, has established a set of loan risk control mechanism based on the huge e-commerce database of Alibaba website 10 for more than 0 years, including standard processes such as pre-lending risk assessment, pre-lending risk monitoring and early warning, and post-lending risk treatment. The theoretical basis of Ali Loan's complete set of products and processes is to map the e-commerce business data of small enterprises into conversion formulas and dynamic pictures of traditional business formats, which can help banks solve obstacles such as opaque information of small enterprises and help small enterprises solve financing difficulties.