What is a licensed small loan institution?

Licensed small loan institutions refer to those licensed small loan companies that can engage in related small loan business. The business scope of licensed small loan companies includes: small loans, mortgage loans, pledged loans, unsecured loans, personal loans, equity mortgage loans, corporate loans, consumer loans, mortgage loans and venture loans.

Brief introduction of microfinance companies

Micro-loan companies mainly seek customers through the network, use the network platform to accumulate all kinds of behavior data, analyze and evaluate the borrower's credit risk in real time, determine the way and amount of credit, and complete the whole process of loan application, risk review, loan approval, loan issuance and loan recovery online. According to China's laws and regulations, the loan amount of microfinance is generally 6.5438+0 million yuan but less than 200,000 yuan. Microfinance is an extension of microfinance in practical application. Microfinance has the following characteristics:

1, with simple procedures, fast lending process and simple procedures;

2. The repayment method is flexible;

3. Wide loan scope;

4. Flexible marketing model;

5. The loan quality of microfinance companies is high;

6. The social risk of microfinance is very small.