Is Rong360 loan formal? Is the borrowing interest high?

Because the loan threshold is low, online loans are quickly chosen by many people. When there is a short-term need for small funds, online loans can be taken. Among the many online loan platforms, you need to find a compliant borrowing platform. Is Rong360 loan formal? Is the borrowing interest high?

Rong 360 is a Chinese financial company listed on the New York Stock Exchange. Rong 360 does not provide loans. It acts as a loan intermediary, a loan supermarket, and recommends loan platforms to users. Let’s learn about Rong 360 from various aspects. 360.

1. Platform background. The full name of Rong360 is Beijing Rongshi Information Technology Co., Ltd., which was established in 2011. It provides search and price comparison application services for financial products such as loans, credit cards, and wealth management. Rong360 Its subsidiary Jian Simple Technology was listed on the New York Stock Exchange in the United States on November 16, 2017. From a background perspective, it has certain economic strength and is a listed company.

2. From the service point of view, Rong360 itself does not have loans, but it will recommend loan products to users, which is equivalent to an application supermarket. The loan products recommended by Rong360 require users to judge whether they are legal or not. Generally, Generally speaking, formal loans only charge loan interest and do not incur handling fees, management fees and other fees.

From the above points, although Rong360 is a formal company, the loans recommended may incur high fees. When you have a need for small amounts of funds, try to choose a formal platform, such as Duxiaomanyouqianhua, Jiebei, Weilidai, Jingdong Gold Bar and other platforms.

Is the interest rate on Rong360 loans high?

High loan interest rates have basically become the hallmark of online loans. Currently, the maximum daily interest rate for regular online loans is basically maintained at 0.05%. The platform will reduce loan interest rates based on borrowing qualifications.

If you need money urgently, you can find a loan platform with a high reputation and strong economic strength, such as Youqianhua launched by Du Xiaoman Financial, Jiebei launched by Ant Financial, and JD.com launched by JD Financial Gold bars etc.

Are Rong360 loans reliable?

With the rise of the online loan industry, more and more companies have joined the ranks, and there are also many reported companies that have run away, which is really embarrassing for users. So, as a large loan platform, are "Rong360" loans reliable?

Rong360 is committed to providing the most reliable, convenient and cost-effective loan introduction results for free to the majority of small and medium-sized enterprises and individual users. The financial products on the platform come from state-recognized financial institutions including state-owned banks, joint-stock banks, foreign banks, city banks, companies, etc. Users can directly apply for the best loan (low interest, efficient, worry-free) through Rong360's unique intelligent search and matching system in one stop.

How to choose a reasonable loan?

1. Repayment methods: Most banks generally provide the following four repayment methods: equal principal and interest repayment, equal principal repayment, one-time principal and interest repayment, and regular interest repayment. Book.

2. Fees and costs: In addition to interest, general loans also charge various fees such as management fees and account opening fees. Be sure to carefully understand what fees there are. It’s important to note that the bank’s monthly management fee is generally based on your loan amount.

3. Loan time: Different banks have different loan speeds, and the difference may be one or two weeks. If you are in urgent need of money, you must choose carefully.

4. Bank specific requirements: Different banks have very different qualification requirements for applicants.

How did you apply for a loan at Rong360 Loan? Do you need to pay any other fees before the loan? I also want to borrow 5,000 yuan to turn around my small business

The process is similar to that of ordinary loan APPs. Some identity authentication, checking your credit, and then giving you a quota, and then you can see whether the interest rate is satisfactory or not. Refinance. There should be no other service fees, just interest, but interest will still be paid for early repayment.

Who knows about Rong360 loans

Rong360 is an Internet platform that provides financing loan search and recommendation for consumers and small and micro enterprises. It was established in October 2011 and completed Series A financing of nearly US$10 million in March 2012.

"How about Rong360 loans?" Rong360 uses data technology to solve the problem of data information symmetry in the financing and loan process, providing users with convenient, funny and reliable loan product recommendation services, and at the same time providing intelligent finance for banks and other financial institutions. Innovative services.

How about Rong360 loan? "Rong360 is committed to providing the most reliable, convenient and cost-effective loan recommendation results for free to the majority of small and medium-sized enterprises and individual users. The financial products on the platform come from state-recognized banks, joint-stock banks, foreign banks, city banks, companies, etc. Financial institutions. Users can directly apply for the best loan (low interest, efficient and worry-free) through Rong360’s unique intelligent search and matching system.

For users, “How about Rong360 loan? "How to choose a reasonable loan? Here are 4 points to note: 1. Repayment method: At present, most banks generally provide the following four repayment methods: equal principal and interest repayment, equal principal repayment, and one-time repayment. 2. Fees and costs: In addition to interest, general loans also charge various fees such as management fees and account opening fees. Be sure to carefully understand what charges there are. The bank's monthly management fee is generally based on your loan amount. 3 Loan time: Different banks have different loan speeds, which may vary by one or two weeks. If you are in need of money, be sure to choose carefully. 4 The specific requirements of the bank: Different banks have very different qualification requirements for applicants.

The above is some introduction to Rong360’s loan. I believe investors will make their own judgments about Rong360 after reading it.

The interest rate of Rong360 loan is too high

Yes, the interest rate of the salary loan under Rong360 is high, the annual interest is 45.56%, and the interest of 10,000 yuan per year is 4,556 yuan. Far higher than the 24% stipulated by the state. In the current situation, Rong360 Loan Platform generally does not need to bear other management fees except for the loan interest generated during the borrowing process. If you borrow money directly from a bank, the borrower generally does not need to pay in advance. To pay off the loan, you still need to pay a considerable handling fee or management fee, generally 5%.

It is recommended that you do not take out a loan. Rong360 is a platform and does not lend money. For money, people are pushed to those small loan companies, which are full of pitfalls. Not to mention the high interest rates, they will charge you a service fee. Not all of your loan money will be credited, but part of it will be deposited in the contract. It’s just a trick on you. Don’t lend money. If something goes wrong, Rong360 won’t care. If you cheat, my whole family will die.

1. It is understood that Rong360 is a financial search platform and the services provided by Rong360. All are free. First, the company itself does not participate in the transaction process of financing loans; secondly, Rong360 is known as the "Baidu" of the financial industry. Sorting and retrieval are all calculated according to algorithms, without manual intervention. , and no user fees will be charged.

2. What is the loan handling fee of Rong360? I think the "loan handling fee" you asked is actually charged by the relevant lending bank or loan company to the borrower. However, it is easy to feel that this fee is a handling fee charged by Rong360 Loan Company. Therefore, let me make it clear that the services provided by Rong360 are free of charge. Of course, there is no handling fee. , I learned that credit managers will be charged for joining Rong360 loan platform, and Rong360 is a bidding advertisement, and the initial amount is 3,000 yuan. Different companies have different advertising prices. For example, if someone ranks first, it costs 150 yuan, and you can get it for 155 yuan. Above him, 145 is below him, with a daily limit.

3. The "loan handling fee" mentioned in the above question is actually a fee charged by the bank or loan company. In credit loans, account management fees and liquidated damages are relatively common. For example, in addition to the normal loan interest rates, Standard Chartered Bank's Cash Loan and Citibank's Happy Time also require a monthly account management fee of 0.49% of the total loan amount. Bohai Bank also needs to charge a monthly account management fee, and Ping An Bank's Xinyidai It stipulates that if the borrower repays the loan early, he must pay a 5% early repayment penalty. For bank mortgages, the loan fees involved include commercial loan insurance premiums, loan notary fees, mortgage registration fees, valuation fees, provident fund loan guarantee fees, etc. In loans to small and micro enterprises, many commercial banks will charge financial advisory fees, consulting fees and other fees from the enterprises.

Does Rong360 loan require an interview?

Applying for a loan on this type of online loan platform does not require an interview. Under normal circumstances, various tricks will appear when requesting an interview. Don't believe it

Rong360 (Beijing Rongshi Information Technology Co., Ltd.), a typical "Internet finance" business, is a new online financial service company that uses big data, search and other technologies to allow hundreds of banks to Financial products can be presented intuitively to users.

Rong360, founded in 2011, is a mobile financial intelligent selection platform that provides search, price comparison and application services for loans, credit cards, financial products and other financial products.

StarVC invested in Rong360 in 2015. On November 16, 2017, Jianpu Technology, a subsidiary of Rong360, was officially listed on the New York Stock Exchange with the stock code "JT"

Company Experience

On March 12, 2015, the leaders visited Rong360, a financial product search platform, to conduct research on the company’s financing situation, listing intention, and profit model, and issued a clear invitation to Rong360: “I hope Together with Ant Financial, Rong360 became the first batch of Internet financial startups to be listed in China. ”

On March 22, 2015, Xinwen Lianbo reported on Internet finance for the first time, titled “Internet Finance Increases Financing Efficiency”. The news report lasted 6 minutes and elaborated on the role of Internet finance in our country. Rapid development. News reports interviewed Yi Huiman, President of ICBC, and Ye Daqing, CEO of vertical search platform Rong360.

Products and Services

Rong360’s model is “search matching recommendation”. . After logging into the website, Rong360 provides users with a form to screen the user’s real situation. After checking the basic financial situation, the user enters the purpose, amount, and term of the loan, and then they can check which financial institutions provide this kind of loan. And loan conditions. In addition, Rong360 provides the function of shopping around, making the entire loan needs and conditions clear at a glance. Users can choose which financial institution’s loan manager to contact based on their preferences.

Rong360 started from searching and recommending consumer loans such as commercial loans and car loans, and quickly entered the field of credit cards. Users who need to apply can search and compare thousands of credit cards in one stop, directly fill in the information, and apply online

Financial management search and price comparison services enable people to obtain more comprehensive information on financial management products. “There is no dedicated information collection and inquiry and comparison platform for Internet financial management, bank financial management, and online loan financial management. Rong360 Financial Management Search just makes up for this. occupy this market space. Ye Daqing said.

After some loan users submit applications online, Rong360 will invite them to offline loan convenience store outlets to collect paper information after judging the authenticity of their intentions. Users do not need to Then go one by one. Loan applicants do not need to pay additional fees, and Rong360 charges a certain percentage of service fees from financial institutions.

Rong360’s business model is “ Search matching recommendations.

For example, if you want to borrow 50,000 yuan to renovate a house, you can enter the loan purpose, amount, term and personal information on the website, and the system will automatically search and match in the database to find different financial The institution's small loan products output a list of corresponding banks and other credit institutions. This list presents information such as bank name, credit product, interest rate, total interest, monthly payment, loan time, and total loan amount for users to compare. After that, you can fill in the application materials online and apply for a loan from one or several banks. After the application is completed, the credit manager of the relevant bank will contact the applicant by phone to confirm the information. The applicant can compare the products of each bank again, and then You can go to a branch or sub-branch to apply for a loan.

Rong360 is free for users. There are four main profit models: First, recommending loan customers to financial institutions and charging referral fees. This part of the profit source requires the platform. Detailed matching to support. Second, when users apply for loans, Rong 360 helps users complete the entire loan process. After the loan is approved, Rong 360 collects a certain percentage of the loan amount as a commission. The website's advertising fees need to be generated based on traffic, but advertising revenue is not the focus of Rong360's income. The fourth is "one-stop service fee" - Rong360 provides risk management for financial institutions. This service fee for risk management is. It is an increasingly important part of Rong360’s profit model.