Tik Tok Trust Loan is a personal consumer credit product jointly launched by ByteDance Company and various consumer financial institutions, which is supervised by China Banking Regulatory Commission. According to the regulatory requirements of the relevant credit departments of the People's Bank of China, cooperative lending institutions will conduct credit inquiry when users apply for loans, and leave inquiry records and related loan and repayment records in the name of loan approval.
Tik Tok's lending institutions are mainly formal licensed financial institutions such as New Network Bank, BOC Consumer Finance and Instant Consumer Finance. The source of funds is clear and traceable, and it is not lent by an unknown small loan company.