Tongchuang Wan Li has a comprehensive and rigorous service process, which runs through pre-loan consultation, pre-loan audit, post-loan follow-up and payment management. The platform conducts strict credit audit on borrowers, and carries out risk control before, during and after the whole process of lending.
2. Steady and comprehensive risk control
First of all, the CMW platform provides real-time matching of individuals' demand for microfinance, and the funds lent by lenders will be distributed to multiple borrowers, so the risk of funds will be dispersed to a great extent; Secondly, Tongchuang Wan Li controlled the risk loss of the whole platform within 1% (the detailed figure is 0.625%) through strict credit review and risk control process, which greatly ensured the lender's capital safety.
3. Voluntary financial management options
After recommending borrowers who have passed the platform audit for lenders, lenders can independently choose whether to lend funds to specific recommended borrowers.
4. Timely and transparent financial services
After the loan, Tongchuang Wan Li will mail the bill to the lender at a fixed time every month (every month15th), and provide all creditor's rights information to the lender, including the basic information of the borrower and the recovery and appreciation of the lent funds.
5. Repayment risk deposit
Through strict credit review and risk control process, the risk loss of the whole platform is controlled within 0.629%, which greatly ensures the safety of lenders' funds. At the same time, Tongchuang Wan Li has also set up a special repayment risk fund with an amount of 2% of the total loans of all borrowers. When there is a recovery problem of the loan funds, it will be used to compensate the lender for the loss of principal and interest.