Nowadays, there are more and more online lending platforms, and almost every one claims low-interest second loans to attract users to borrow money. But many of them are illegal. On the surface, it is low interest rate, but in fact it is usury. Recently, a small partner asked whether Heng Chang Finance is a formal platform. So, is Heng Chang's finance formal? Friends who are interested in this question can continue reading.

Is the financial loan in Heng Chang formal?

Heng Chang Finance is an informal peer-to-peer lending platform. The formal peer-to-peer lending platform must be examined and approved by China Banking and Insurance Regulatory Commission, and hold a formal financial license. However, it is understood that Heng Chang Finance has no relevant formal financial license, so its financial loan business is not compliant. Little friends who want to borrow money on Heng Chang financial platform should pay attention. Once they borrow money on this platform, it is likely to be a high-interest loan, which is very uneconomical. It is recommended that small partners who want to borrow money still have to go to the formal online lending platform to borrow money.

Well, this is the answer about whether Heng Chang's finance is formal or not. I hope I can help my friends who encounter such problems.