Is Pratt & Whitney's loan formal?

Puronghua is a loan product owned by Heng Chang Microfinance Company, and also a loan company owned by Hengyi Loan, which we are familiar with. This Puronghua is also a new product recently launched for a short time, that is, a vest product of Hengyi Loan. The application materials and application pages are exactly the same as those of Hengyi Loan. Pu Ronghua does not have high requirements for customer qualifications. Customers who apply can apply as long as they have a normal credit card, regardless of the size and level of the credit card, and the amount of the next payment is relatively high, basically between1-50 thousand.

Although Puronghua didn't check the credit information when applying for a loan, customers who apply for the next loan should pay attention to signing a repayment contract. Subsequent loans are basically made by formal institutions, so the interest at this slot is definitely compliant, but the interest rate is relatively high, with the annual interest rate basically around 36%, that is, applying for the next loan 10000 yuan, with one-year repayment and cumulative repayment 13600 yuan. If this is the customer who applies for the next payment, pay attention to signing the repayment contract. The amount to be repaid in the first two installments will be relatively high, accounting for about 30% of the total.