1. What is Internet lending

Internet lending is a financial service that operates on an Internet platform. Borrowers can apply for loans online, while lending institutions can approve and extend loans through Internet technology。

2. What is the difference between Internet loans and traditional bank loans

Internet lending is easier, the application process is simple and approval is fast than traditional bank loans. At the same time, Internet lending, often combined with technologies such as big data, enables a more comprehensive and accurate assessment of borrowers ' credit position。

3. What are the conditions for Internet lending

Specific conditions vary from one lending platform to another, but it is usually necessary for the borrower to reach the age of 18, have a stable source of income and identity documents, etc. Specific conditions can be viewed on the platform。

4. What is the amount of the loan

The loan line is based on a personal credit assessment of the borrower, with a minimum and maximum limit on the general platform. When applying, you can choose the amount of the loan you want。

5. What is the interest rate on the loan

The rate of interest on loans varies depending on the platform and the product of the loan, and is usually determined on the basis of the borrower ' s credit assessment。

6. How long can the duration of the loan be

The duration of the loan, depending on the borrower ' s needs and platform policy, is an option for short-term or long-term loans, generally for months to years。

7. What documents and information do I need to provide

The specific documents and information to be provided will vary from platform to platform, but will generally require personal identification documents, work certificates, income certificates and other relevant financial documents。

How long does it take for a loan application to be approved

The approval time is determined by the completeness of the information submitted by the borrower and the Platform ' s approval process, and the outcome is generally available within working days of the submission of the application。

9. What are the consequences of late repayments

Overpayment would result in interest-rate and overdue charges, which could affect the credit records of individuals and, in turn, adversely affect future loan applications. It is recommended that you make the payments on time so as to avoid delays。

May I pay in advance

Most Internet lending platforms support early repayments, but at some cost. Reference may be made, in particular, to loan contracts or consultants。