We often say that Zhaolian Finance is actually a financial institution founded by China Merchants Bank and China Unicom. The main business of this financial institution is consumer loans, such as recruiting good expectations and white credit notes that we often mention. The main business of Zhaolian Finance is basically conducted on the Internet, so many products are actually online loan products.
First, Zhaolian Finance is not a bank.
Zhaolian Finance itself is not a bank, but a financial institution. Although China Merchants Bank has a large stake in Zhaolian Finance, the main business of this institution is actually online loan business, and it has not carried out normal banking business. For this reason, we usually understand Zhaolian Finance as a combination of various online loan products, and the business carried out by Zhaolian Finance is generally Internet credit business.
Second, Zhaolian Finance has many online loan products.
To some extent, online loan products on the market are relatively formal, but there are also various routines. The products of Zhaolian Finance are relatively compliant, and the annualized comprehensive interest is generally between 8% and 20%, which is a reasonable online loan product. If users have financial needs, users can give priority to the products of Zhaolian Finance, because other online loan products will have more routines.
3. Under normal circumstances, I don't recommend that users take the initiative to apply for credit products of Zhaolian Finance.
The reason is actually very simple, because the main business of Zhaolian Finance is credit business, and now the credit line of the business is generally low, and the credit line of most users is between 500 yuan and 5,000 yuan. If the user has customization needs, the user can apply for a credit card, and can also walk around with friends and family. Applying for online loan products will affect users' personal credit information, and banks will pay special attention to users' application and use records of online loan products. There is no need for users to affect their personal credit because of these thousands of dollars.