Apps that allow you to apply for online small loans if you have a credit card include Financial Shop, Tiantian Credit Card, Free Pay, Yuanzheng Finance, Haoshangdai, etc.

Micro Credit

Introduction:

Micro Credit is a business loan focused on individuals or families. The loan amount is generally More than 1,000 yuan and less than 200,000 yuan. Microfinance is an extension of microfinance in terms of technology and practical application. Small loans in China mainly serve agriculture, rural areas and farmers and small and medium-sized enterprises. The establishment of small loan companies reasonably concentrated some private funds, standardized the private lending market, and also effectively solved the financing difficulties of rural areas and farmers and small and medium-sized enterprises. Small loans have the characteristics of wide loan scope and flexible marketing model.

Features:

1. The procedure is simple, the loan process is fast, and the procedures are simple; the loan procedure of small loan companies is simple, and the loan is based on customer application, acceptance and investigation, verification of mortgage status, and guarantee situation, loan committee approval, signing of loan contracts, loan issuance, loan principal and interest recovery and other management. Generally, the application is completed within 7 days from the date of loan acceptance. It is more convenient and faster than borrowing from a bank. Compared with private loans, the interest rate is much lower.

2. Flexible repayment methods: repay the principal and interest in equal monthly installments, quarterly interest settlement, principal repayment upon maturity, one-time principal and interest repayment upon maturity, or two installments of principal and interest repayment, etc. repayment method.

3. The scope of loans is wide; the service targets of small loan companies are mainly small and medium-sized enterprises, individual industrial and commercial households, farmers, etc.

4. The marketing model is flexible; small loan companies implement a non-rating and non-credit marketing model under controllable risks, breaking the long-term business model of commercial banks and other formal financial institutions. The characteristics of efficiency and speed are conducive to timely access to credit support for small and medium-sized enterprises, alleviating the short-term financing difficulties of small and medium-sized enterprises and individual industrial and commercial households, and making up for the shortcomings between bank loans and private lending to a certain extent.

5. The quality of loans of small loan companies is high; the quality of loans of small loan companies is high because almost all of the funds loaned by small loan companies are shareholders’ own funds, so the review of loan projects is Be more cautious; because microfinance companies are privately operated and mainly lend money locally, they can fully understand the borrowers and their purposes, so they have certain advantages in risk control.

6. Small loans have low social risks. Microfinance companies do not illegally raise funds, do not lend money at high interest rates, and do not use idle members of society to collect loans. It has its own implementation methods for raising funds, lending, and collecting loans, and it only lends but does not deposit, and does not involve public deposit issues, so social risks are small.