Safe and reliable online lending platforms are all formal platforms. The typical characteristics of such platforms are that they are qualified to lend, the loan interest rate is compliant, and the loan term is relatively long. Therefore, judging whether a platform is safe and reliable can be judged from the qualification of loan platform, loan interest rate and loan term.
1. platform qualification: a safe and reliable online loan must be qualified, that is, it must obtain a license issued by the CBRC. For example, banks must have a banking license, and lending institutions must have a small loan license to engage in loan services. Small loans that operate without a license are definitely not standardized.
2. Loan interest rate: A safe and reliable online loan must not be usury, and the loan interest rate must also meet the requirements. For example, the interest rate of private lending cannot exceed four times that of LPR in the same period. Bank loans and loans from licensed financial institutions are not private loans. As long as the annual accounting interest rate does not exceed 24%, it will not violate the relevant provisions of the law.
3. Loan term: A safe and reliable online lending platform will have relatively strong strength and can operate for a long time. The loan period provided to borrowers will not be too short, and most of them can be more than 6 months. Informal platforms rely on the recovery of loans to maintain their operations, and the loan period will be relatively short, and the longest will not exceed 3 months.