Application threshold Alibaba Finance’s “Online Business Loan” is an operating loan for member companies of Alibaba International Station. Its application threshold is low. First, there are business registration requirements, the registration place must be in mainland China, and the registration time It takes 1 year. However, there are restrictions on the place of registration, and registered companies in Qinghai Province, Gansu Province, Hainan Province, Inner Mongolia Autonomous Region, Ningxia Hui Autonomous Region, Xinjiang Uygur Autonomous Region, Tibet Autonomous Region and other regions will not be approved. In addition, there is a special condition that the registered company must be a member of Alibaba International Station, including Export Pass, Global Insurance, and Jinpin Chengqi. The last is the requirement for the applicant himself. The applicant must be the legal representative of the enterprise or the person in charge of the individual industrial and commercial household, be between 18 and 65 years old, and be a resident of mainland China.
Application Process The application process for Alibaba Finance’s “Online Business Loan” is simple and generally requires only three steps. First, the loan applicant contacts the account manager of Alibaba International Station and explains his loan needs, including loan amount, loan time, etc. Subsequently, data collection is carried out. The information that needs to be collected includes: credit authorization inquiry letter, photos of the front and back of the ID card, photos of the marriage certificate (if married), bank statements of the past six months, and electricity bills of the past three months (limited to production enterprises), other supplementary information, etc. In summary, in addition to basic identity, credit, and income information, the more detailed the other information, the better it will be for obtaining a loan. The information is complete, and the contract will be signed and credited after being approved by Alibaba Finance. Generally speaking, you can get a loan in about 3 working days after all the information is received. The loan time is relatively fast. To sum up, the application threshold for Alibaba Finance’s “Online Business Loan” is low, the application process is fast, the application materials are simple, and the loan time is fast. Therefore, it is relatively easy to apply for Alibaba Finance’s “Online Business Loan”.