What are the risks of renren loan?

With the change of people's consumption concept, many people will choose to apply for loans from intermediary lending institutions, so is there any risk in P2P credit service intermediary companies? Let's have a look.

1, the threshold of the Renren loan industry is low, and without strong external supervision, it is possible to break through the bottom line that funds do not enter the account and evolve into deposits and distribution.

Illegal financial institutions have even become illegal fund-raising.

2. The online trading characteristics of Renren loan make it face huge information technology risks and lack of effective post-loan supervision.

3. The relevant domestic legislation is incomplete, the boundary of its supervision responsibility is unclear, and the nature of everyone's loan lacks clear laws and regulations.

4. The real estate secondary mortgage business of Renren Loan Company has potential risks. In order to facilitate the transaction and obtain the agency fee, the Renren loan intermediary company may intentionally overestimate the real estate price, which will seriously affect the realization of the mortgage right.