Requirements for applying for online loans:
1. Qualifications required for borrowing money everywhere: The borrower must have sufficient repayment ability and willingness.
For mortgage loans, the application conditions of major platforms are similar. Take multi-loan as an example, borrowers need to carry information; Identity card (enterprises need three certificates), bank account number, mobile phone list, address certificate, credit report and work contract. Eligible borrowers can apply for a loan of up to 500,000 yuan.
Among them, the borrower must have a fixed job and income source. Generally speaking, the p2p platform requires the borrower to work in the current unit for more than 6 months, thus ensuring the borrower's stable repayment ability. At the same time, borrowers should also pay attention to maintaining their credit records. If there are many overdue records of credit cards or mortgage and car loans, it is very unfavorable.
Although the application procedure is not as complicated as that of a bank, the materials should be carefully prepared.
The biggest convenience of applying for a loan through p2p platform is that you can submit information online and upload photos with your mobile phone, instead of waiting in line with a bunch of originals when traditional financial institutions apply for a loan. Different p2p platforms have different requirements for application materials. Borrowers are advised to know the requirements of each platform in detail before making a choice, and then submit an application after preparing the corresponding materials, so as to avoid being refused a loan due to insufficient preparation of materials.
3. The borrowing cost is not only the loan interest.
Generally speaking, the loan period provided by p2p platform is 3 months, 6 months, 12 months, 18 months, 24 months and 36 months. The longer the loan term, the higher the interest rate. However, in addition to repaying the principal and interest on time, borrowers also need to pay service fees, recharge fees, withdrawal fees and other fees according to the regulations of different p2p platforms, so borrowers should pay attention to these miscellaneous fees when calculating the borrowing cost.
What are the benefits of online lending? Why do so many people vote?
First, the investment threshold is low.
Friends who have done bank financial management experience know that the investment threshold of banks is very high, starting from 50 thousand yuan, starting from 500 thousand yuan, and even some products require millions of yuan, thus shutting out many ordinary investors; P2, as an innovative product of Internet finance, has a low investment threshold, and most of the platform investment is 100 yuan.
Second, the income is high.
With the announcement of the central bank's interest rate cut, the yield of most wealth management products is declining. For investors, if a wealth management product does not have a rate of return advantage, then this wealth management product has no investment value, because it cannot give investors a corresponding return on investment; P2p investment and wealth management is a separate financial institution, which is not affected by the central bank's interest rate cut. At present, the average income of p2p investment and wealth management industry is still between 12%- 18%, so p2p investment and wealth management is a rare high-yield wealth management product for investors, which also drives the rapid development of online lending industry.
Thirdly, the operation is convenient and simple.
Investment and financial management is a new financial management method based on the Internet, so many operations can be completed directly through the network. Lenders and borrowers can complete many operations, such as investment and fund redemption, without going out, which is very convenient and simple to operate.