According to official website's explanation, the borrower can apply for a loan of up to 50,000 yuan, and the loan period is up to 36 months. The loan amount is provided by cooperative institutions, including China Industrial and Commercial Bank, Shanghai Bank and Shanghai Pudong Development Bank. The audit conditions of each institution are different, but they will be scored according to the applicant's credit status, past loan records, and Xiaoqi Credit Information Big Data.
Staging music belongs to a licensed consumer financial institution and cooperates with the central bank to collect credit. When the borrower purchases by installment, he does not need to provide any mortgage or guarantee to installment music, but can do it by virtue of his own credit.
Extended data:
What's the interest on the installment loan of 10000?
The minimum daily interest rate for installment loans is 0.03%, and the converted annual interest rate is 10.95%. The borrower applies for a loan of 654.38+00000 yuan, and the annual interest is 654.38+0095 yuan according to the minimum annual interest rate. But this is calculated according to the lowest daily interest rate by stages, and the actual daily interest rate should be determined according to the borrower's credit. The better the borrower's credit, the lower the daily interest rate.