Do you know the advantages and disadvantages of Beijing microfinance company?

The consumption level in Beijing has always been high. Many friends will consider applying for a loan for various reasons to alleviate some of the financial pressure. When we apply for a loan from a bank, our loan application will be rejected for various reasons during the approval process of the bank. Many friends will consider microfinance companies because they cannot pass the bank's loan approval. Next, what is a microfinance company and what are its advantages and disadvantages? Microfinance companies are limited liability companies or joint stock limited companies established by natural persons, corporate legal persons and other social organizations that do not absorb public deposits and operate microfinance business. Compared with banks, small loan companies are more convenient and quick, and are suitable for the capital needs of small and medium-sized enterprises and individual industrial and commercial households. Advantages: (1) The application threshold is low. Some borrowers with low income or salary in the form of cash payment (which can provide self-help for 3-6 months) can apply for loans directly through small loan companies. (2) the loan speed is fast. The bank's audit process is strict and complicated, but the lending institutions lend faster. (3) Lending information will not be included in the credit information system. All credit transactions between borrowers and lending institutions other than banks will not be recorded in the credit information system and naturally will not be reflected in the credit information report. Disadvantages: (1) The loan cost is high. Due to the low application threshold of small loan companies, the loan risks they bear are naturally relatively large, but the charging standards among small loan companies will be different. You can choose several small loan companies to inquire and find the most suitable loan method and the expected annualized interest rate of the loan. (2) There are many loan scams. Many fraudulent loan companies are aware that borrowers need money urgently. In the face of loan companies, we should be vigilant to prevent falling into scams. At the same time, we should know that regular small loan companies will not charge fees in advance in any name before lending. Remind friends who want to borrow money that although the approval procedures of small loan companies are not as strict as those of banks, they will still consider the credit situation of borrowers, so when we finish spending, we must remember to repay on time. Once the credit record is bad, many times the application for a loan will be ruthlessly rejected.