Peer-to-peer lending platform, as a new network platform, I believe everyone knows more or less, and maybe people around you are also using it. So is the P2P peer-to-peer lending platform really that easy to use? Not exactly. I am here to introduce the risks of P2P peer-to-peer lending platform, hoping to help you.
Personal risk
1.P2P platform now reviews the information provided by the borrower, such as identity certificate, property certificate, payment record, acquaintance evaluation, etc., and evaluates the borrower's credit. This kind of authentication information can be easily tampered with and wrongly based. Even if the evidence is true, it is one-sided, and it is impossible to fully understand the borrower's information and effectively evaluate the borrower's repayment ability, so the borrower's personal credit risk is greater.
Second, the peer-to-peer lending platform uses "account" operation, and the huge amount of funds is controlled by the loan website. The website is easy to control the balance of customers' accounts without self-discipline and being used, and it is easy for insiders to illegally misappropriate funds, illegally raise funds, and even abscond with money. The lender has no effective prevention and control measures for its own funds, which is the lender's face.
Third, the creditor's rights transfer mode adopted by some P2P platforms and the operation of P2P peer-to-peer lending platforms have the shadow of "illegal fund-raising", so we must guard against risks.
Fourthly, there are lenders of idle funds in P2P, and these funds cannot rule out the illegality of their sources. At the same time, P2P platforms often lack the means to check the source of funds. Therefore, these network platforms are at risk of being used or engaged.
5.P2P lending generally requires borrowers to provide personal identity and property information. If the secrecy technology of the website is lifted, the personal identity and property information provided by the borrower to the website will be leaked, and the borrower's privacy right cannot be effectively protected.
Platform risk
In addition to the credit risk of participants, more importantly, the risks of the online lending platform itself are mainly concentrated in the following three aspects:
(1) Credit risk of online lending companies
Due to the small scale of capital flow, most banks do not provide fund custody services to P2P online lending companies, which provides some malicious online lending platforms with the opportunity to use the fund custody institutions to defraud, which is also the reason why cases such as "gold rush loan" and "angel plan" happen from time to time.
(2) Business risks under fierce competition
Because online lending platforms are often difficult to make profits in the initial stage, the operating costs are high, and fierce industry competition has extended the stage of "burning money", and platforms that have been difficult to make profits for a long time will have to face the fate of bankruptcy. On July 20 1 1, Haha Loan declared bankruptcy. During its one-and-a-half-year business hours, it only made a profit of over 300,000 yuan. This part of the profit is obviously a drop in the bucket compared with the annual cost of more than 2 million, and the shortage of funds makes hahaha unsustainable. And similar situations may appear more and more frequently in this early barbaric growth industry in the future.
(3) Excessive guarantee leverage leads to market risk.
The Interim Measures for Risk Management of Financing Guarantee Institutions for Small and Medium-sized Enterprises stipulates that the balance of guarantee liability of guarantee institutions generally does not exceed 5 times of the paid-in capital of guarantee institutions, and the maximum is 10 times. It is normal in the industry that the guarantee multiple of online loan companies exceeds the warning line of 10. In the event of systemic risk, large-scale default will drag down the online lending platform.
As far as the experience of foreign mature platforms Zopa and Prosper is concerned, because they belong to two modes: secured and unsecured, the difference between them in risk and return level is very obvious. Specifically, in the history of Zopa, the overdue bad debt rate has been controlled at around 2%, while the average bad debt rate of Prosper reached 7.42%, corresponding to the yield level of Zopa of 5.6%-7.5%, while the average yield of Prosper was as high as 17. 1 1%. Judging from the current rate of return of domestic online lending platforms, it is generally above 15%, and the difference in rate of return between different models is not obvious. Therefore, we believe that this largely reflects the premium required by investors for the risk of online lending platforms.
As far as the demand side of P2P online lending is concerned, in addition to P2P online lending, small loan companies and private lending occupy an important position. Comparatively speaking, on the one hand, the operating cost of online loans is much lower than that of small loan companies; On the other hand, it provides a convenient financing channel for those who cannot provide guarantee or mortgage. Most importantly, P2P online lending has broken through the time and space constraints with the help of the Internet, and the development space is much larger than that of small loan companies with their own funds. Compared with traditional private lending, P2P online lending avoids the embarrassment of taking a break when borrowing from relatives and friends. The highly dispersed investment makes it unlikely to have much impact on lenders even if credit risks occur. It is precisely because of these comparative advantages that P2P online lending has the genes for growth, development and even growth in this market segment.
As far as the supply side is concerned, P2P online lending is favored by a group of investors because it provides a flexible and independent investment method for the market and brings investors a high level of income. In addition, the mature platform has a relatively perfect risk protection system, which has its unique advantages compared with the traditional investment and financial management channels. Because of this, the online loan model has attracted a lot of funds and has the vitality of sustainable development.
Because P2P online lending has the nature of private finance to a great extent, but the domestic online lending market is not restricted by the system at present, and it has achieved interest rate marketization ahead of the whole financial system, so the yield level of online lending can be used as a window to observe the folk credit market. Further, with the continuous promotion of cooperation between online lending platform and regional financial institutions, the localization trend will make its function as an observation window of regional credit supply and demand increasingly prominent. This provides a new and feasible method for us to observe the economic activities of a certain area from a micro perspective.
2. What are the regular P2P loan platforms?
P2p loans are made by qualified websites (third-party companies, such as Tongcheng Loan) as an intermediary platform, and you can borrow money from this website.
3. What are the legal loan platforms?
The truly legal lending platform is:
1, money to spend.
2360 IOUs.
3.JD.COM gold bars.
4. Ctrip Finance.
5. Flower duck borrows money.
6. Consumer finance immediately.
7. White cat loan.
8. Central Plains consumer finance.
9. Alipay loans.
10, Zhaolian Finance.
These lending platforms are credit lending institutions approved by relevant departments, and the credit loan products launched also meet the requirements, and there is basically no routine loan.
Of course, real lending institutions are strict in checking the qualifications of customers, and they need customers to meet the loan requirements in terms of age, income and credit information. If the customer's qualifications are flawed, the platform is likely not to entrust the loan line.
However, even if the real platform vigorously reviews, customers can effectively avoid encountering routine loans. If you accidentally encounter a regular loan, the customer may have some losses. Of course, after the loan is successfully used, the customer should also remember to repay the loan as agreed, and try to avoid overdue. Once overdue, it will have a serious impact on yourself.