Is quick financing a formal loan?

Yes

1. Legal compliance: Regular fast loan service providers must abide by local laws and regulations, including but not limited to financial supervision, consumer rights protection law and relevant anti-money laundering laws and regulations, that is to say, the company must be registered with government agencies, have a legal business license, and its business operation meets regulatory requirements.

2. Transparency: The formal fast loan service provides completely transparent loan terms, including interest rates, fees, repayment plans and their fees, so that borrowers can clearly understand their responsibilities without any hidden fees or misleading terms.