The operation mode of Lending Bao is different from that of traditional banks or other financial institutions. On the platform of Lending Treasure, the borrower can publish the loan demand and set the repayment period and interest rate. Lenders can choose appropriate loan projects for investment according to their risk tolerance and investment needs. Lending treasure, as a platform, is responsible for brokering an agreement between borrowers and lenders and assisting in the completion of lending transactions.
However, Lending Bao, like other P2P lending platforms, has certain risks. For example, the borrower may not be able to repay the loan on time, causing the lender to suffer losses. In addition, P2P lending industry is still in the development stage in China, with imperfect regulatory policies and certain legal risks.
Therefore, lending treasure is true, but it has certain risks like other P2P lending platforms. When using the loan treasure to borrow money, we should fully understand the risks and make careful decisions. At the same time, we should pay attention to industry trends and policy changes to ensure that our rights and interests are protected.