It is well known that enterprises often need loans in the development process to meet related financial needs. In recent years, micro-enterprises have become the focus of domestic economic development, while micro-finance lending by micro-banks, a financial science and technology company that focuses on micro-enterprises, has been a major concern. So what's the amount of microbank lending

What's the amount of micro-credit from microbanks

Microbank micro-credit is a credit product for small micro-enterprises, with the main target groups being small-scale enterprises with an annual turnover of less than 50 million yuan and individual entrepreneurs. Compared to traditional micro-enterprises, the greatest advantage of micro-finance is that its approval process is simple and efficient, with a very rapid rate of lending and flexible repayment。

Microbank's micro-credit application process does not require any collateral, and clients can apply for loans only if they provide business-related material and personal identification information. After a comprehensive assessment of the platform ' s autonomous wind model, microbanks develop a scale programme for each eligible customer, depending on the business ' s business performance, credit records, repayment capacity, etc. According to the product presentation, the micro-credit line ranges from $100,000 to $2 million, depending on the client ' s personal circumstances and the results of the assessment。

It is worth noting that the lending of micro-credit is very fast and that, according to the Micro-Bank, under normal approval, an enterprise receives the approval and the loan at the latest one day from the date of submission of the application and at least seven days later. After lending, microbanks also offer a variety of flexible repayment modalities, such as advance repayments, partial repayments and more easy and flexible repayment options for clients。

The soundness and scientific nature of the Microbank Microfinance Line programme is one of the important reasons for its high market competitiveness. Where the credit and business position of the client permits, the micro-credit line is more reasonable and more likely to be trusted and accepted by the client than other similar types of loan products. This is also an important reason why microbanks have been able to emerge rapidly in the area of micro-enterprises in recent years, as well as an important guarantee of market recognition and high customer trust。