2. Different profit models: small loan companies cannot absorb public deposits, and their main profits come from loan interest. As an information intermediary, p2p online lending platform is mainly owned by investors, that is, the annualized rate of investors. The interest rate of p2p online loans is more reasonable, while the interest rate of microfinance companies is higher.
3. The development status is different: the regulatory authorities have strengthened supervision, making the online lending platform operate in a standardized manner under a strict regulatory system. The online loan supervision has achieved initial results, and the online loan industry will gradually transform in the future. Small loan companies are embarrassed and can only lend but not absorb deposits. In the future development, small loan companies may face survival crisis due to lack of funds.
Extended data:
Precautions for small loans:
1, to determine the affordability of monthly repayment. Determine the loan amount and loan term within an affordable range. The loan term is 1 to 12 months, and the annual interest rate is 10% to 20%.
2. Students need to provide: personal photo, scanned ID card, school certificate, address certificate, personal income certificate (bank card running list), contact information, bank credit report, etc.
3. SME owners need to provide: personal photo, scanned ID card, business license, address certificate, personal income certificate (bank card running list), contact information, bank credit report, etc.
4. The authenticity of the information provided. This will be the most important and basic principle in the loan application review. The platform will never allow users to provide false information. Once found, the user will be prohibited from using the loan application service provided by this platform.
Baidu encyclopedia-online loan
Baidu encyclopedia-micro-credit company