The Code of Financial Institutions in 2009 made it clear that the scope of financial institutions in China covers not only traditional financial institutions such as banks, insurance and securities, but also new financial institutions such as enterprise annuities, loan companies, rural mutual funds cooperatives and village banks. Prior to this, microfinance companies were non-financial institutions.
However, some local microfinance companies are not included in the supervision of financial institutions, mainly because the CBRC has not recognized the nature of microfinance companies as financial institutions.
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Matters needing attention in application
Before applying online, please confirm whether you meet the following conditions for applying for unsecured micro-loans: 25 to 55 years old (some customers require 29 to 55 years old).
The company works continuously for 3 months, and some customers need to work for 6 months.
Stable occupation and income
The application procedure is simple and convenient: avoid complicated evaluation and guarantee procedures; There is no need to mortgage any asset certificate.
Refer to Baidu Encyclopedia-Microfinance Company
Refer to Baidu Encyclopedia-Financial Institutions