Compared with banks, the requirements of small loan companies are much lower. For example, to apply for an unsecured bank loan, the borrower must provide the bank with a payroll, and small loan companies can accept self-deposit accounts or relevant income certificates.
Advantage 2: Fast speed.
The term "fast" here means fast lending. Customers who are in urgent need of money will certainly get loans soon, so small loan companies can meet your requirements.
Advantage 3: Lending information will not be included in the credit information system.
If you have a loan relationship with a bank, all the credit information will be recorded in the central bank's credit information system, but the loans in small loan companies will not be recorded in the credit information system.