Personal advice:
If you have a loan demand in your life, you can apply directly to a regular bank. Generally speaking, the loan interest of regular banks is around 10%, and the interest of small loans is at least around 18%. It can be seen that the loan products of regular banks are very worthy of application, but it should be noted that any loan needs to examine your personal qualifications. You must manage your own credit information system in your life. If it is often overdue, neither regular banks nor small loans can apply normally. I suggest that you must borrow it and pay it back in your life. Of course, you need to provide your second-generation ID card and your debit card during the application process, so that you can pay better.
Micro-loan companies implement risk-controllable marketing form without rating and credit, which breaks the long-term operation mode of formal financial institutions such as commercial banks, and has the characteristics of simple, efficient and fast mode, which is beneficial to SMEs to obtain credit support in time, alleviate the short-term financing difficulties of SMEs and individual industrial and commercial households, and make up for the shortage between bank loans and private lending to some extent.
Extended data:
Loan steps:
1. The borrower shall apply to the bank outlets offering small loans. When applying, the borrower should bring ID card, proof of address, proof of stable income source and other related materials, and if it is a merchant, it should also bring a business license.
2. After receiving the lender's application, the bank will review the lender.
3. Sign a loan contract with the bank through the examination and approval of the bank.
4. The bank lent money, and the lender successfully got the loan.
The above four steps are the general process of bank microfinance. Different banks may have slightly different provisions on microfinance, and the materials to be submitted are also different. In order to avoid loan risks, some banks will require lenders to meet certain conditions, such as age, income level and repayment ability.