Users of Zhongan Small Loan need to be 22-55 years old and have good personal credit status. The handling method is the same as that of many microfinance companies, and it can be completed through the mobile APP. The credit limit of this product ranges from 30 million to 200 thousand. However, it is still very difficult to obtain large loans, not only with good credit, but also without mortgage records, good employment units and relatively stable income. The loan period of this product is 6- 12 months.
The interest of Zhongan Small Loan is still relatively high, with the lowest one-day interest in 2.5 yuan reaching 1 10,000 and the highest one-day interest in 8 yuan reaching 1 10,000. That is to say, the loan 1 10,000 yuan, with the lowest monthly interest in 75 yuan and the highest in 240 yuan.
Not all users can apply for the lowest interest rate. With this condition, they can apply for the high-quality conditions with low interest rate. Customers will not apply for Zhongan small loan, but go directly to the bank for loan, so this small interest is only a means for the loan company to attract customers. If carefully analyzed, Zhongan Small Loan has a maximum monthly interest rate of 2.4% and an annual interest rate of 28%. According to the laws of our country, the interest of the part where the annual interest rate of private lending exceeds 15.4% will not be protected by law, that is to say, the excess part cannot be repaid.
The photo of Zhongan Small Loan is a small loan, so the personal credit report shows that it is a small loan, which will limit your loan business in the bank. If micro-loans are overdue, they will use various ways to collect debts, which may lead to the risk of revealing personal information. Therefore, the Internet microfinance will usher in a major cleaning, and the larger Internet microfinance companies will only keep a part.