Is Suning's financial loan reliable?

Suning Finance is relatively formal and reliable. The loan products of Suning Finance are provided by Suning Bank and Suning Consumer Finance. Suning Consumer Finance is a licensed institution that has obtained relevant consumer finance licenses. It is supervised by the China Banking Regulatory Commission and connected with the personal credit information system. Therefore, the lending institutions of Suning's financial loans are legal and formal.

Suning Finance is a pure credit loan. Users apply for loans with personal credit, without mortgage and guarantee, and will require the applicant's age and personal credit. When applying for a loan, users need to provide mobile phone number, personal valid ID card, bank card, face recognition and other information. The loan threshold is relatively low, but it meets the relevant lending regulations.

Suning Finance mainly includes four loan products, namely willful loan, willful payment, salary saving loan and consumption installment. For example, the daily interest rate of willful loan is at least 0.023%. If the loan is repaid in installments, it will be decided according to the installment period. The minimum monthly interest rate of the loan is 0.05% and the minimum annual interest rate is 6%. The minimum interest rate of wage savings loan is 0.03%, and the minimum annual interest rate is 10.95%. Different loan products have different loan interest rates. The system will determine the loan interest rate according to the comprehensive qualification of users, and the loan interest rate will be within the interest rate range stipulated by the state.