What is the loan limit of Xinwang Bank?

Xinwang Bank has a lifetime credit limit of up to 500,000, but most people cannot apply for the maximum credit limit. Interest is calculated on a daily basis, and you can borrow and repay at any time. The daily interest rate for 10,000 yuan is as low as 2.5 yuan, and the longest installment is 5 years. There is no handling fee for early repayment, and no interest is accrued if you do not withdraw money. However, we need to remind everyone that the amount and interest rate will be different depending on the review results of the users. Also, Xinwang Bank will check your credit score, so please ignore it if your credit score is not good.

On December 28, 2016, Sichuan Xinwang Bank, the first private bank in Sichuan, announced that its founding meeting and first shareholders’ meeting had been successfully held recently. At the meeting, all the sponsors and shareholders unanimously approved all the agenda items and unanimously decided to name the bank Sichuan Xinwang Bank with the approval of the regulatory authorities. Xinwang Bank is positioned as a new generation of Internet banks and is committed to providing customized financial services to consumers and small and micro enterprises through Internet technology. This means that Xinwang Bank has become the third Internet bank in the country after Tencent WeBank and Alibaba Online Banking, and it is also the first Internet bank in the Midwest.

In June 2016, Sichuan Xinwang Bank received approval from the China Banking Regulatory Commission, becoming the seventh private bank in China to be approved for establishment. Xinwang Bank has a registered capital of 3 billion yuan and was established by New Hope Group, Xiaomi, Hongqi Chain and other shareholders. New Hope Group invested 900 million yuan, accounting for 30% of the shares; Xiaomi invested 885 million yuan through its wholly-owned subsidiary Yinmi Technology Yuan, accounting for 29.5% of the shares; Hongqi Chain invested 450 million yuan, accounting for 15% of the shares.

On April 24, 2017, the "National Online Lending Institutions Fund Depository Docking Forum" (hereinafter referred to as the "Meeting") sponsored by the China Internet Finance Association and hosted by Xinwang Bank was held in Chengdu, Sichuan .

On May 9, 2017, Leqian signed a bank depository agreement with Xinwang Bank

On September 15, 2017, "2017 China Financial The "Technology Pioneer List" was officially released. Xinwang Bank won the "2017 China Financial Technology Pioneer List·Private Bank Pioneer List" award, becoming the only award-winning institution among the second batch of private banks.

On February 2, 2018, Xinwang Bank won the "Top Ten Industry Leading Enterprises in Sichuan in 2017" award issued by West China Metropolis Daily and Cover News.

On September 20, 2018, Xinwang Bank issued a statement on the National Internet Financial Registration and Disclosure Service Platform under the China Mutual Finance Association, stating that it had passed the individual online lending fund depository system evaluation ( P2P online lending institution depository bank "white list").

P2p debit amount standards of major banks with UnionPay

P2p debit amounts of major banks with UnionPay standards

P2p generally uses three-party payment, and the rate is based on recharge. Collect when prompted.

The amount limit for each bank’s top-up P2P online loan platform:

1. ICBC and online banking are the most powerful. There is no limit on a single transaction for U-shield users, and the above platforms also support it. It's not easy to get approved for an ICBC credit card (when I went to apply, the salary card must be from ICBC, and I can't apply for a card with a card), but if you use it well, there are many ones with high credit limits. Moreover, the ICBC credit card (in the same city) has no handling fee for cash withdrawals and the lowest installment handling fee. Relatively speaking, it is very worth having.

2. People’s Livelihood, the single transaction limit for U-shield users is 20,000, and the daily limit is unknown. It is not bad. I have tried Huanxun, Guofubao and Alipay. Minsheng credit cards are relatively easy to get approved, risk control is not very strict, and temporary limits are relatively easy to get approved. However, applying for a Minsheng credit card now requires a personal visit, which I guess many friends don’t like. Installment costs are average.

3. Transportation, U-Shield users have a single-day limit of 1W, and non-U-Shield users have a single-day limit of 5,000. I have tried Huanxun, Guofubao and Alipay. Transportation credit cards have many activities, such as supermarket co-branded cards. The points are the most valuable, so it is still a card worth owning. However, traffic risk control is relatively strict, so you still need to pay attention. In addition, transportation installment costs are very high. Bank of Communications credit card applications are easily approved, and online loan recharges are also convenient.

4. Bank of China has a single transaction limit of 5,000 per day. All the above platforms support it, but I am not sure whether the limits are the same. The Bank of China values ??deposits rather than assets, so rich people can get relatively high quotas. For those without deposits, the limit may be the lowest. But relatively speaking, points are valuable. Overall not bad.

5. China Everbright Bank has a daily limit of 5,000 for a single transaction, but this is only for Huanxun. The daily limit for other platforms seems to be 300. Everbright's credit limit has a relatively large room for increase, and the increase speed is relatively fast, and basically all purchases have points. If you want a high-limit card, besides ICBC, you have to go to Everbright. The credit limit of Everbright Platinum Card may not be great.

6. China Guangfa Bank and Guofubao have a single-day limit of 3,000, while other platforms have a limit of 2,000. The GF card is not fun to use, at least I don’t recommend it. However, there are two special services, the bank-free installment plan and the Caizhijin cash installment plan. You can find out if you need it.

7. Industrial Bank, Huanxun and Guofubao have a single transaction limit of 5,000, but the monthly limit for the Gold Card is 10,000, so it is not very convenient. Shengpay does not support it, and Alipay and Tenpay are unknown. Industrial credit cards and debit cards have no features and are not recommended.

8. China Construction Bank has a single daily limit of 1,000, which is often preferred by people on Taobao, but it is more tragic when used for online loans. However, there are points for online payment and points for installment payment. Generally speaking, the features are insufficient.

9. CITIC Bank, the single transaction limit for non-certificate users is 1,000, 10 transactions per day, but UKEY has more than 5 transactions per day, and the probability of UKEY being blocked is very high, but it doesn’t matter, it can be done the next day. CITIC Credit Card doesn't have enough features. I prefer its debit cards and financial products. Currently, CITIC’s online credit card also has points for online transactions. Those who are interested in points can give it a try.

10. Shanghai Pudong Development Bank. Shanghai Pudong Development Bank has a daily limit of 5,000 and a single transaction limit of 3,000. However, you can call to apply for a large payment. Generally speaking, it will be approved. After passing, you can transfer tens of thousands at a time.

Other credit cards can basically not be used for online loans: Agricultural Bank of China does not support online payment, only fast payment; Ping An does not support except Huanxun; China Merchants Bank has a single limit of 500

P2P borrowing limits are set across the board. Is it a disaster or a blessing for the platform?

This depends on the platform. It is really disadvantageous for those who previously focused on corporate loans and supply chain finance, because they The loan amount given to the customer exceeds the policy limit. But it is beneficial for platforms that do consumer loans, car loans, and small loans, because this policy has fewer competitors.

That’s it for the introduction of p2p loan limits.