Still can't tell the difference between loan companies and online loans? Understand their differences at three points.

10 Half of the borrowers don't know the difference between online loans (online loans) and loan companies, and a few people think that online loans are loan companies. In view of this situation, I will give you an analysis of the differences between online loans and loan companies, so that you can correctly understand these two types of enterprises.

1, different definitions

Loan company: namely, small loan company refers to a limited liability company or joint stock limited company established by natural persons, enterprise legal persons and other social organizations, which does not absorb public deposits and operates small loan business.

Online lending: Peer-to-peer lending refers to the process of lending, and materials, funds, contracts and procedures are all realized through the network. It is a new financial model developed with the development of internet and the rise of private lending, and it is also the development trend of financial services in the future.

2. Different modes

The loan company is a pure online service model for offline lending and online lending.

3. Different qualifications

Loan companies need to apply for business qualifications in relevant departments, but online lending platforms do not have this requirement.