Consumer finance is not a loan platform, it refers to a financial service model that provides consumer loans to consumers at all levels.

Supplementary information:

Consumer Finance Company is a non-bank financial institution established with the approval of China Banking Insurance Regulatory Commission, which provides loans for consumers in China. For example, Gitzo Consumer Finance, Instant Consumer Finance, Zhongyuan Consumer Finance, China Post Consumer Finance and Shanxi Merchants Consumer Finance. There are Xiaoman Finance, Suning Finance, Jingdong Finance and so on. 、

Customers can apply for loans at the above-mentioned consumer finance institutions. Generally speaking, as long as they have good personal credit and sufficient repayment ability, they can successfully borrow money. In addition, some consumer finance companies cooperate with other lending platforms and can also issue loan funds as lenders.

Extended data:

1. What is consumer finance?

Consumer finance is a modern financial service model that provides consumer loans to consumers at all levels. Under the current macroeconomic situation in China, it is necessary to introduce relevant management measures in time to adapt to the trend and needs of the objective economic situation. From the perspective of financial product innovation, personal credit business is an area that traditional banks cannot fully benefit from. Establishing a professional personal consumption financial system can better serve individual residents.

Second, the supervision of consumer finance has become stricter, and the growth rate of the industry has slowed down significantly.

1. The consumer finance industry in China has reached a mature stage. According to the Report on the Development of Consumer Finance Companies in China (202 1) issued by China Banking Association, by the end of 2020, the assets of domestic consumer finance companies exceeded 500 billion yuan for the first time, up by 5. 18% year-on-year. The loan balance increased by 4.34% year on year. In contrast, in 20 19, the year-on-year growth rates of asset scale and loan balance were 28.67% and 30.5%, respectively, and the growth rate of the industry slowed down significantly.

2. At the same time, in 20021year, the supervision faced by the consumer finance industry will be further tightened. In August this year, many regulatory authorities required the consumer finance companies under their jurisdiction to control the personal loan interest rate within 24% in an all-round way, and set a transition period to make adjustments, which directly led to the compression of the profit margin of the consumer finance industry.

3. Prior to this, in response to the chaos of medical loans to the United States, in June 20021,the Internet Finance Association issued the "Initiative on Regulating Financial Products and Services Related to Medical Beauty", requiring financial institutions not to cooperate with any illegal medical beauty institutions and not to provide relevant financial products and services to any illegal medical beauty institutions. At the same time, with the implementation of the policy of "Opinions on Further Reducing Students' Homework Burden and Off-campus Training Burden in Compulsory Education Stage" by the General Office of the Central Committee and the General Office of the State Council in July 20021,the supervision of loans in the training field has been strengthened, and the training loans related to exam-oriented education have also been impacted, and the business has obviously shrunk.

Three ways of personal consumption loan

Personal consumption loans are being accepted by more and more people, especially young people, who can realize their wishes through personal consumption loans. So what are the ways to apply for personal consumption loans now?

1, bank

Banks are the way most people apply for consumer loans. Banks can generally apply for consumer loans for decoration, car purchase, study abroad, and purchase of large consumer goods.

2. Consumer finance companies

Consumer finance companies refer to non-bank financial institutions that provide loans for the purpose of consumption for Chinese residents. Consumer finance companies can provide loans for personal consumption expenses such as home appliances, tourism, wedding, education and decoration, but they cannot provide housing loans;

3. credit card installment payment

At present, credit cards basically have installment function, and individuals can apply for installment repayment after spending by credit card.

Handling process of personal consumption loans of banks or consumer finance companies:

(1) The borrower shall fill in the application form at the loan handling outlet with the information required by the lender (generally including ID card, real estate license, marriage certificate, etc.). ), the bank conducts qualification examination on the borrower to confirm whether the borrower meets the application conditions;

(2) After the application is approved, sign a loan contract with the bank or consumer finance company;

(3) The borrower can draw the loan at any time within the validity period and amount agreed in this contract.

(4) After the loan expires, the borrower shall repay the loan principal and interest as agreed. After paying off the principal and interest, the loan contract is automatically terminated.

4. Advantages and disadvantages of three ways of personal consumption loans.

Banks have higher requirements for borrowers' qualifications, complicated procedures, strict approval of quotas, and generally lower quotas. However, the interest rate of consumer loans provided by banks is low, there is no fraud, and there is no need to worry about falling out of the pit;

Consumer finance companies have lower requirements for borrowers' qualifications, higher loan quotas and, of course, higher interest rates. In addition, consumer finance companies in the market are mixed, and some of them are put in the name of consumer loans. Borrowers need to be carefully screened to avoid falling into the pit;

Credit card installment is the simplest way of consumer loans. You can apply for installment repayment after swiping your card. However, the interest rate of credit card installment is slightly higher than that of bank consumer loans, and there may be other fees such as handling fees.

What are the regular consumer finance loan companies? Look at these five

A consumer finance company refers to a non-bank financial institution established with the approval of China Banking Regulatory Commission and holding a formal license. The maximum loan amount granted to an individual does not exceed 200,000 yuan, and the loan funds can only be used for daily consumption purposes, and may not be used for car purchase, house purchase, investment, etc. So, what are the regular consumer finance loan companies? Let's take a look together.

What are the regular consumer finance loan companies?

1, Zhaolian Consumer Finance

Established by China Merchants Bank and China Unicom, two Fortune 500 companies, with the approval of China Banking Regulatory Commission, the registered address is located in Shenzhen with a registered capital of 654.38+0 billion yuan. Its good-term loan products have a maximum loan amount of 200,000, a maximum loan period of 36 months and a minimum annual interest rate.

2. Consumer Finance of Hangzhou Bank

With Hangzhou Bank as the main sponsor and approved by China Banking Regulatory Commission, it is also the first consumer finance company in Zhejiang Province with a registered capital of 1 100 million yuan. Its exclusive light loan products can borrow up to 200,000 yuan, with daily interest and the lowest annualized interest rate.

3. Consumer Finance in Yin Chang

Established by Changan Bank, Huitong Leasing and Yide Sean, among which Changan Bank is the 6th consumer finance company in China and the first officially licensed consumer finance company in Northwest China, with the maximum loan amount not exceeding 200,000 and the annual interest rate ranging from19.88% to 23.88%.

4. BOC Consumer Finance

It is a comprehensive operating company under the Bank of China. Approved by China Banking Regulatory Commission, it was established on June 20 10. It is also the first consumer finance company in Shanghai. Its new easy-to-borrow credit consumer loan product has a maximum loan amount of 200,000 yuan, and the annualized interest rate is between simple interest and transparent fee.

5. China Postal Consumer Finance

Established by seven well-known enterprises, including China Postal Savings Bank, and approved by China Banking Regulatory Commission, it is headquartered in Guangzhou with a registered capital of 3 billion yuan. A variety of loan products, such as revolving loan, extremely fast loan, owner loan and postal savings loan, were launched, with a maximum loan of 200,000, the maximum repayment in 24 installments and the lowest annualized interest rate.

The above is about "which formal consumer finance loan companies are there?" I hope I can help you.

Which platform is good for personal loans?

Top ten loan platforms, which are the best loan platforms:

1. Alipay-Ant Borrow

Ant Borrowing is a loan product of Alibaba, which is used for personal consumption. Borrowing money on bail pending trial can be repaid with the loan, and there is no penalty for prepayment. It's easy to use, and the loan is quick. One second to Alipay, the daily interest rate is between 1.5-6.5. The initial interest rate is high, so it is used much, the repayment is timely, there is no overdue record, and the interest rate will gradually decrease. As long as the sesame score is above 600, Alipay uses more.

2. WeChat-Microfinance

Micro-loan is a loan product of Weizhong Bank. It is very convenient to apply on wechat. After entering WeChat, click "My"-"Pay" to see the entrance of micro-loan. Micro-loans will give a certain credit line according to the comprehensive qualifications of users, and interest will be calculated on a daily basis. You can also use the average capital repayment method to repay from the bank card every month.

3, Baidu-money to spend

Money is a personal consumption loan product owned by Du Xiaoman (formerly Baidu Finance). You can apply online without mortgage, complete the approval in 30 seconds at the earliest, and lend money in 3 minutes at the earliest. The loan can be repaid in advance with a maximum amount of 200,000 yuan and a minimum daily interest rate of 0.02%.

4. Suning-willful loan

The interest-free period for willful new users is not short. The longest interest-free period is 30 days, and the lowest daily interest rate is 0.02%. You can repay the loan in advance, up to 300 thousand. Online application will be automatically approved by the system, and it will take up to 3 minutes to arrive. There is no charge for the unused quantity.

The above contents are for reference only and do not contain any loan suggestions. Online lending is risky, so choose carefully!

The introduction of personal loan consumer companies ends here.