When it comes to microcredit, perhaps the first thing that comes to mind is that interest rates are relatively high and that microcredit is more marketable than it is, let's see if it is more profitable or less

I. Uncollateralized, unsecured

Those who believe that they have applied for a loan at a bank know that, if you are not in a good position to do so, you must provide a mortgage or a guarantee that meets the requirements of the bank。

Compared to bank loans, micro-credits are largely uncollateral, unguaranteed and have lower access thresholds。

II. Quick lending

Microcredit is normally available for about three working days, and some lending institutions are able to do so on the same day. This speed can address the immediate needs of borrowers and help them to borrow money quickly。

III. Simplicity of materials

Usually, a microcredit can be submitted only with an identity card, a bank pass, a personal address certificate, a personal work certificate, a personal letter report, and with simple and simple information。

IV. The letter of request is not so strict

Although the letter is also checked by the micro-credit company, and the letter is too poor to be valid, the request for a letter by the micro-credit company is relatively low compared to that of the bank, and is not a major problem as long as the client does not have more than six overdue letters within two years or three consecutive months。

V. One-on-one services

Micro-credit companies operate essentially one-to-one services, with clients following up on loans, loans and repayments from a credit manager, which reduces the number of people who are in contact with each other, a service that really improves the efficiency and quality of services。

VI. Scope of use

Bank loans are strictly restricted and are rejected if they are not used in accordance with policy requirements; however, microcredits are less restricted in their use, and as long as the borrower has a legitimate purpose, they are not used for yellow bets。

VII. Optional space size

The number of micro-credit companies in the market at present is considerable and competitive, and the requirements may vary from one lending institution to another, so borrowers have more room to choose the best micro-credit companies by comparing advantages。