Is Yirendai a formal loan company?

The Yirendai you are talking about is not a formal loan company. They will ask you to recharge funds into their account for various reasons, or become a member of their platform before they will lend you a loan. If you want a loan If so, it is recommended that you choose a formal loan platform. To avoid leaking your identity information or causing unnecessary losses to your personal property.

Loan companies

(1) Capital construction loans: refer to medium and long-term loans used for capital construction projects approved by the competent authorities. Capital construction projects refer to the total number of engineering projects that are composed or composed of one or several individual projects according to an overall design, including new construction projects, expansion projects, factory-wide relocation projects, etc.

(2) Technical transformation loan: refers to medium and long-term loans used for technological transformation projects approved by the competent authorities.

Small loan companies can choose loan targets independently. During the pilot stage, the amount of loans issued to agriculture, rural areas and farmers each year shall not be less than 70% of the cumulative loan amount throughout the year. When issuing loans, small loan companies should adhere to the principle of "small amount and decentralization", encourage small loan companies to provide credit services to farmers, micro-enterprises, and small and medium-sized enterprises, and strive to expand the number of customers and service coverage. The loan balance of the same borrower shall not exceed 3% of the net capital of the small loan company

Because the marketing cost of small loans from banks is high, it is difficult for small businesses to apply directly to banks for loan acceptance. As a result, small businesses often turn to financing institutions such as loan guarantee agencies for help when they have financing needs. The cost of selecting customers for loan guarantee agencies is relatively low, which leads enterprises to select high-quality projects and recommend them to cooperative banks. Improving the success rate of financing will reduce the number of banks. loan marketing costs.

In addition, in terms of loan risk control, most banks are unwilling to invest in small loans. An important reason is that the management costs of such loans are relatively high. For such loans, Loan guarantee institutions can provide personalized services for post-loan management by optimizing the loan management process.