Is the loan from Hubei Consumer Finance Company formal?

Ordinary. Hubei Consumer Finance Company is the first consumer finance institution in Central China, which was jointly established by Hubei Bank, TCL Group, Wushanglian Group and Wu Shang Group. Its loan application does not need mortgage or guarantee, and can be used for tourism, home improvement, student assistance, car purchase and other commodity consumption. Hubei consumer finance is not an ordinary online lending platform, but a loan company with a consumer finance license, which was initiated by Hubei Bank.