How about the loan network? Is the wealth management product of the loan website reliable? Let us know about it.
Loan has more than 100 million risk reserves, and implements a 100% principal protection plan for all wealth management users. That is, every lending fund of all wealth management users is covered by the principal protection plan of the loan. Once there is overdue bad debt, The loan is advanced through the risk reserve fund to ensure the financial security of the wealth manager.
Loan, P2P platform English full name "Peer-to-Peer lending", that is, peer-to-peer is an individual with financial and financial investment ideas, through the third-party network platform matchmaking platform, is a kind of Internet Finance (ITFIN).
Loan is a P2P lending platform. To put it simply, individuals who have the funds and have the idea of financial investment will use the credit loan to lend funds to other people who have borrowing needs through intermediaries.
Among them, the intermediary agency is responsible for detailed investigation of the borrower's economic benefits, management level, development prospects, etc., and collects account management fees and service fees. This mode of operation is based on the "Contract Law", which is actually a way of private lending, as long as the loan interest rate does not exceed four times the bank's loan interest rate for the same period, it is legal.
P2P platform English full name "Peer-to-Peer lending", that is, peer-to-peer, personal-to-person credit platform, P2P platform first quietly rises abroad, the largest online lending platform is Prosper (translated "prosperous network"), and Europe The largest online lending platform is Zopa. Both platforms can borrow or lend funds between users through their websites. Before that, personal loans were realized through banks. Individuals put deposits into banks, and banks used them as banks. The media is issued to the lender.
The rise of the loan made the funds bypass the commercial banking media system and realized the “Financial Disintermediation”. The lender can lend money to other people on the platform, and the platform guarantees by making trading rules. The interests of both parties to the transaction, as well as a range of service-oriented work, to help the borrowers and lenders better complete the transaction. Before the birth of the loan, if the individual wants to apply for a loan, the first thing that comes to mind is the bank. It is necessary to go to the branch set up by the bank to submit the application, provide complicated materials, and then wait for a long wait to get the desired funds. The loan is very different. After the individual becomes a registered user by logging in to the website, the relevant information is filled out and the personal loan information can be released through relevant verification. One of the characteristics of loan versus traditional bank loan business is convenience. In addition, P2P network lending has the advantages of low threshold, quick approval, simple procedures and high quota for individuals and SME lenders.