Relevant information shows that 58 Finance is a legally registered Internet financial platform, providing personal loans, credit card repayment and other financial services. In the course of operation, the platform abides by the national financial supervision policies and relevant laws and regulations, and has legal business qualifications and risk control system. Moreover, 58 Finance also cooperates with many banks and financial institutions to ensure the safety and compliance of users' loan funds. Therefore, it can be confirmed that 58 Finance is a formal loan platform.