Is Chongqing Fumin's online loan deceptive?

Qing Fumin Bank Co., Ltd. has serious business irregularities. Together with a third-party company, it fraudulently defrauded netizens to sign online loan contracts, suspected of financial fraud.

There are certain risks in the online loan of Chongqing Fumin Bank, which may adversely affect the borrower's economic situation. Some bad online lending companies will attract borrowers through false propaganda and inducement, promise unrealistic benefits such as low interest rates and high loans, and defraud borrowers of fees, deposits, thawing fees and other expenses.