The third-party loan company said it would not go through the banking system.

Because they adopted their own risk control systems and processes to approve loans. These loan companies usually use data mining, artificial intelligence and other technologies to strictly examine the borrower's credit status to ensure that the borrower can repay the loan normally, and at the same time, increase the risk tolerance and provide more loan opportunities for the borrower. Third-party loans refer to loans issued by non-bank institutions, which are financing methods that directly obtain loans from non-bank financial institutions without applying for loans from the central bank.