The essence of a guarantee company is that individuals or enterprises borrow money from banks, but in the process of borrowing money, banks need individuals or enterprises to provide credit guarantees through third-party guarantee companies in order to ensure the safety of funds and reduce risks. Among them, the guarantee company is required to run well financially and have the ability to bear the risks of the borrower. The bank will review the information and documents provided by the borrower and give the loan on the designated working day. At this time, the guarantee company assumes the guarantee responsibility and collects the borrower's guarantee service fee.
P2P network credit is very different from traditional investment, financing and guarantee companies, which is the inevitable result of market development and an effective trend of capital operation in the market environment.
First of all, investment and financial management has the characteristics of geographical restrictions, small capital gathering scope, ineffective use of idle funds, and financial management by acquaintances, which makes it difficult for local investment companies to expand their business. For example, based on the parent company Shenmu Financial Services Center, Lin Xin Lending P2P platform has strong financial strength, rich experience in fund management and professional fund management accounts, which can effectively avoid the problems in fund circulation and realize cross-regional lending business.
Secondly, the guarantee company only has business dealings with banks and borrowers, and does not involve fund management. Its main function is to provide borrowers with a loan platform that can be secured, so as to collect a small amount of guarantee service fees, which is also the embryonic form of investment and wealth management companies.
Finally, P2P network credit is sought after by wealth management people for its unique advantages. First, for those who are good at investing, the investment threshold of P2P online lending is low, and some online lending platforms are as low as 50 yuan, which is a good choice for public financial management. Second, annualized income is higher than bank interest. Judging from the development and income of P2P online loan investment and financial management in recent years, the annualized income is above 12%, which is obviously higher than the income from bank deposits. Thirdly, P2P online lending is a relatively free fund lending platform, which can freely plan the investment period on the platform, and can also meet the unpredictable loan demand with tight funds during the investment period.
Generally speaking, P2P network credit is the result of the continuous improvement of social credit information system, and it is also an "online" financial platform driven by the new market development model. Relevant data show that P2P network credit has shown an obvious upward trend since 20 10. By 20 14, more than 400,000 people have invested and managed their wealth through P2P online lending, and there are more than 1200 P2P online lending platforms in China. It can be seen that the development potential and space of P2P network credit is huge, and it is the key to do a good job in fund management in the credit process. After the 20 14 two sessions, P2P online credit was managed by CBRC, which made the P2P online loan industry manage in the direction of normalization, standardization and specialization.