What Is an Online Bank Loan?

Online lending is also becoming a trend. With the advantages of the Internet, you can complete the various steps of a loan application without leaving the home, including understanding the various loan application conditions, preparing application materials, and submitting loan applications. Efficient completion on the Internet.

Online loan

Online loans are also becoming a trend. With the advantages of the Internet, loans can be completed without leaving the home.

Network loans require strong system support. Since the entire process is carried out on a network platform, we must build a powerful

1. The virtual nature of network transactions, which prevents authentication

Problem one: there is no way to rely.

The interest on Internet borrowing sometimes exceeds the prescribed interest rate. Once an economic dispute occurs, the lender cannot safeguard this part of the interest.

Question two: Yi Sheng Lai Lai.

Due to the lack of a bank's integrity system, overdue repayments often occur.

Problem three: crime space.

"Bad accounts" often appear in online lending, and some are even suspected of economic fraud. In addition, online lending can easily become "

1. The company's name is relatively large, so-called "integrity group", "xx loan group", "xx loan group company", etc. It is impossible for such companies to exist, and it is impossible for the industrial and commercial department to allow such company names to be registered.

2. Some may impersonate the name of a bank or a well-known company, but they do not have an office address, nor can they provide a true company business license and personal identity card.

3. Generally only the mobile phone number and contact person are provided in the advertisement information. It can be seen from the query of the mobile phone number that the publishers are concentrated in a few provinces in China.

4. Lending conditions are easy. No mortgage or check of income is required. Basically, an ID card can be used for loans.

5. When the loan seeker is tempted, the scammers will use various reasons to ask for a fee first, such as "interest, lawyer fees, verification fees,

The difficulty of financing small and medium-sized enterprises is a well-known problem, especially in the face of bank credit crunch, the road to financing is even more difficult. In this environment, some criminals use the psychological characteristics of SME owners to earn money, relax their vigilance, and even hungry in the name of "online loans." Attracting others into the country has caused huge losses to SMEs.

How scammers are savvy has something in common. Summarize the materials of all parties, and arrange a few points of attention for you, I hope to have some reference.

1. Open a website under the banner of a professional company

Such websites are often in the name of "loan companies" and "investment consulting companies", and sometimes the words "there are agencies all over the country" appear on the website, in order to package themselves to further deceive the trust of SME owners. However, if you look closely at such websites, you will find that they generally do not leave a landline or an address, but only a mobile phone or QQ. Even if they have an address, they cannot scrutinize it.

2. "Unsecured and unsecured", "Lending on the same day"

In many "online loan scams", there are often tempting slogans such as "unsecured, unsecured" and "lending on the day". These slogans are extremely accurate in meeting the key points of business owners and individuals who urgently need funds. Generally speaking, the reason for the project party's rejection in seeking a formal loan is that there is no good mortgage asset or guarantee. In this type of scam, once the SME owner is hooked, they are required to "because there is no guarantee or mortgage", so they must pay certain fees and guarantees before the loan, and some even require a certain period of interest in advance.

3. Pretend to be a regular institution

Some scammers are highly modeled on well-known lenders' websites and are extremely deceptive. The pages of these fake websites are often similar to those of formal lenders, and their domain names are only a word or two away from those of lenders. The majority of project parties need to be more careful when making inquiries.

4.Internet transfer scams

In the online transfer scam, the scammer claims that the funds need to be transferred to the intermediate account, and then asks the SME owner to enter the bank account number and password on a fake bank website or a website that has been manipulated to defraud the funds in the SME master account. .

Provisions on loan agreements

Article 10 of the "Several Opinions of the Supreme People's Court on the People's Court's Hearing of Lending Cases" Article 1: A party should use fraud, intimidation, or other means to take advantage of others to make the other party's borrowing relationship formed against its true intentions invalid.

"Several Opinions of the Supreme People's Court on People's Courts Handling Lending Cases" Article 11: Lenders know that the borrower borrows money for illegal activities, and their lending relationship is not protected.

Provisions on guarantees for loans

Article 198 of the Contract Law concludes a loan contract, and the lender may require the borrower to provide a guarantee. The guarantee is in accordance with the "Guarantee Law of the People's Republic of China".

"Several Opinions of the Supreme People's Court on the People's Court's Hearing of Lending Cases" Article 13: In the lending relationship, those who only play a role of contact and introduction shall not bear the responsibility of guarantee. Where there is indeed a guarantee of the performance of the debt, it shall be identified as the guarantor and bear the responsibility for the guarantee.

1. Does the CEO of this company have a long-term plan and deep understanding of the industry, and whether the company's development ideas have sustainable development. It is very dangerous for a person in charge not to have a reasonable plan for the development of the company. Don't tell me what you can do for tens of millions of yuan. At any time, you have the ability to raise funds, especially if the company has a broken capital chain.

2. Whether the actual controller of the online loan platform has a stable business, should have a stable business, have a stable cash flow every month, and many companies are virtual registered capital, without stable cash flow.

3. Does the person in charge of the online loan platform have the experience and ability to manage the company? An excellent online loan platform is a sustainable online loan platform. It must have a sustainable vision and ability. Interests of many online loan platforms It's very high, with a monthly interest rate of 3-6%. Can such a platform continue to develop?

Internet loans are also divided into b2c and p2p models.

b2c mode

b of b2c generally refers to banks, and some websites also offer products from loan companies. The general online b2c loan relies on the online loan platform to complete the pre-loan work. According to different rules, some applicants need to go to the bank offline. The b2c model is geographically restricted, because its business entities are all geographically restricted institutions, and coverage needs to be expanded.

P2P mode

With the popularity of the Internet, the Internet is gradually infiltrating all aspects of people's daily life, and people's living habits will also change in the future. Various industries that are closely related to people's lives are also changing in response to the popularity of the Internet. The most typical example is retail.

Online lending is also becoming a trend. With the advantages of the Internet, you can complete the various steps of a loan application without leaving the home, including understanding the various loan application conditions, preparing application materials, and submitting loan applications. Efficient completion on the Internet. Correspondingly, a batch

At present, the ability of online loans to solve the financing difficulties of SMEs is still very limited, and there are also some problems in its development. However, online lending based on e-commerce is bringing

Demand determines supply.

Everyone will inevitably encounter temporary fund turnover failures, such as medical expenses, education expenses, job training expenses, etc. Although the funding gap is not large, it is impossible to take out this money in a short period of time. Before the emergence of online lending intermediary platforms, individuals could usually solve problems by borrowing from friends, loans from banks, and other methods.

Problems : On the one hand, borrowing money from friends faces many problems, such as affecting the relationship between the two parties and leaking personal privacy; on the other hand, the bank loan process is cumbersome and takes a long time to process. Both lenders and borrowers need a convenient, fast, and equal way of borrowing. After entering the network age, with the gradual improvement of network security, the emergence of network loan intermediaries becomes inevitable.

Borrowing is free, and the process is simple and fast.

The online lending intermediary platform provides "one-stop" services for both borrowers and lenders from information release, data review to transfer loans, interest rate calculation, and repayment on schedule. Netizens need only register as members of the online personal lending platform, and after a series of identity verifications, they can post money on the website. Relevant documents such as ID card, household register, work certificate, life photo, labor contract, fixed phone bill, mobile phone bill, salary card, bank flow, business license, and house lease contract in the last 3 months can be used as the basis for credit evaluation. Obtain the corresponding loan amount according to the provided certificate. Compared to the complicated procedures for bank loans, this transaction is as free as shopping online, and is more convenient for lenders and borrowers.

New ways to manage money.

Compared with other investment products such as the stock market, real estate, gold, etc., online lending intermediary platforms have unsecured and unsecured loan conditions and an average annual rate of return of 10% to 20%. Quite tempting; moreover, the threshold for investment is low and there is no limit on the amount of funds, which is very attractive to individuals who do not have enough funds and want to invest.

In addition, the individual lender can become a "bank", which can not only select the borrower himself, but also obtain more flexible and higher interest than the bank; at the same time, for the lender, the loaned funds can be split into After the funds are dispersed, they can be lent to different borrowers in small amounts at the same time, which can help more people and reduce risk. No matter in terms of return on investment, investment threshold, and investment freedom, this kind of borrowing through online personal lending platforms has considerable advantages.

What other investment methods can small business owners choose today? Undoubtedly, capital preservation is the primary consideration of this group of people. On the basis of capital preservation, combining liquidity and profitability can find a suitable investment channel. These conditions are expected to be realized in some P2P platforms with capital preservation capabilities. ^[5]

First, the advantages of online lending

1. High annual compound income

The average interest rate of deposits of ordinary banks is only 3%, and wealth management products and trust investments are generally below 10%, which is incomparable to the annual interest rate of more than 20% for online loan products.

2. Simple operation

All the processes of authentication, bookkeeping, clearing and delivery of online loans are completed through the network. Both borrowers and lenders can achieve the purpose of lending without leaving the household, and generally the amount is not high and there is no mortgage. It is convenient for both borrowers and lenders.

3. Pioneering thinking

Online lending has promoted the interaction between industry and finance, and it has also changed the observation perspective, mentality, credit culture and development strategy of loan companies, breaking the original borrowing situation.

Second, the disadvantages of online lending

1.Unsecured, high interest rates, high risk

Compared with traditional loan methods, online loans are completely unsecured loans. Moreover, the central bank has repeatedly made clear that the compound annual interest rate exceeding the bank's interest rate by 4 times is not protected by law. It also increases the high risk of online lending (generally 7 times or even higher bank interest rates).

2. Credit risk

The online loan platform has a small inherent capital and cannot afford a large amount of guarantees. Once a large loan problem occurs, it is difficult to solve it. In addition, some borrowers also make loans for the purpose of deception, and the creators of loan platforms have some purposes that are not simple. Cases of fleeing with funds often occur.

3. Lack of effective supervision

As online lending is a new type of financing method, the central bank and the China Banking Regulatory Commission have no clear laws and regulations to guide online lending. Regarding online lending, the regulators are mainly neutral, and do not violate the rules nor recognize it. However, with the popularity of online lending, I believe relevant measures will be formulated and implemented in a timely manner. ^[6]