Return of consumer loan funds

The consumer finance of Bank of Hangzhou, in which Didi has invested, is making great efforts. Beijing Finance has noticed that recently, Hangzhou Bank Consumer Finance has posted a large number of account manager positions on third-party recruitment websites, covering Shandong, Yunnan, Yinchuan, Harbin and other places.

Large-scale recruitment of account managers

Public information shows that Hangzhou Bank Consumer Finance was established in December 2015. It is a licensed consumer financial institution approved by the China Banking Regulatory Commission, with Bank of Hangzhou as the main sponsor, Didi, China Intime, etc. The registered capital is 2.561 billion yuan.

Beiqing Finance has noticed that Hangzhou Bank Consumer Finance is recruiting account managers on a large scale recently, mainly for fresh graduates. According to third-party recruitment websites, Yinhang Consumer Finance currently has 50 recruitment positions, more than half of which are account managers.

The 2020 Annual Report of Bank of Hangzhou disclosed that Hangzhou is the main business location of Hangzhou Bank’s consumer finance. The positions released this time cover Shandong, Yunnan, Yinchuan, Harbin, Xining, Wuhan, Haikou and other regions. According to the job description, the job responsibilities of the Consumer Finance Account Manager of Hangzhou Bank are to actively expand and maintain product business channels; strictly follow the customer access requirements determined by the company, actively introduce customers, and do a good job in customer management; complete regional market research, information collection, Data analysis and feedback of opinions and suggestions; maintaining customer relationships, etc.

From a product perspective, Yinhang Consumer Finance’s products include “light loans”, “light cards” and “exclusive loans”. “Qing Loan” is an online micro-credit product; “Qing Xiang Card” is positioned as a consumer wallet, and can be bound to WeChat consumption if the application is successful; “Exclusive Loan” is an offline loan product with a higher limit, mainly for civil servants and business unit employees. According to the recruitment information, “exclusive loans” are mainly used to acquire customers through push, making friends with strangers, introductions, etc.

In addition to large-scale recruitment of account managers, Hangzhou Bank Consumer Finance is also making frequent moves in financing.

In December 2020, the asset securitization (ABS) qualification of Hangzhou Banking Consumer Finance was approved by the Zhejiang Banking and Insurance Regulatory Bureau, becoming the 13th consumer finance company to be approved for this qualification. In March this year, Hangzhou Bank Consumer Finance introduced Dirun (Tianjin) Technology Co., Ltd., a subsidiary of Didi, as a shareholder, and its registered capital increased from 1.26 billion yuan to 2.561 billion yuan. In May, Hangzhou Bank Consumer Finance was approved by the National Interbank Lending Center, and the company's online interbank lending quota will be expanded to 2.561 billion yuan.

Industry analysts pointed out that the expansion of diversified financing channels and the large-scale recruitment of account managers indicate that Hangzhou Bank Consumer Finance is working hard to expand its business scope.

Post-loan capital flow control needs to be strengthened.

Hangzhou Bank’s 2020 annual report data shows that in 2020, Hangzhou Bank’s consumer finance operating income was 1.872 billion yuan, a year-on-year increase of 85.7%; it achieved a net profit of 239 million yuan, a year-on-year increase of 107.8%. As of December 31, 2020, Yinhang Consumer Finance's audited total assets and net assets were 21.355 billion yuan and 1.97 billion yuan respectively.

Among the licensed consumer finance companies that have disclosed their performance in 2020, Hangyin Consumer Finance’s total assets, operating income, and net profit all rank above the middle reaches, and its net profit growth rate is second only to Jinmeixin Consumer Finance, ranked second.

Judgment documents recently disclosed by Documentary.com show that some borrowers borrowed money from Hangyin Consumer Finance and then transferred the loan to others.

Take (2021) Gan 0426 Minchu Judgment No. 196 as an example. On August 10, 2020, and August 14, 2020, the borrower Xia borrowed 25,000 yuan and 35,000 yuan from Hangzhou Bank Consumer Finance respectively, totaling 60,000 yuan, with the loan interest rate being an annual interest rate of 11.8%. Xia stated: "Of the 60,000 yuan in the loan, 15,000 yuan was used to repay the credit card, and 40,000 yuan was lent to Zeng on August 14, 2020." %.

The court held that the private lending contract transferred by the financial institution's loan was invalid, and Xia's loan from Hangzhou Bank Consumer Finance to Zeng was invalid.

In fact, similar cases occurred in 2019.

In July last year, Jincheng Consumer Finance was fined 400,000 yuan by the China Banking and Insurance Regulatory Bureau due to poor post-loan management and serious violation of prudent business rules.

At that time, Chen Wen, director of the Digital Economy Research Center of the School of Finance of Southwestern University of Finance and Economics, told Beiqing Finance that the post-loan management of consumer currency institutions was not in place, including but not limited to the following aspects: first, the borrower's loan funds were not used for the agreed purpose; second, the borrower's loan funds were not used for the agreed purpose; The first is post-loan management methods such as collection; third, customer privacy information is not effectively protected, and there are problems such as post-loan leakage.

As for the situation where the borrower lends the loan to others after consuming the Hangyin Financial Loan, An Yongguang, an expert from the Credit Management Committee of the All-China Mergers, Acquisitions and Restructuring Association, said that although it does involve the field of risk control, it does not represent consumption. The organization’s risk control capabilities are insufficient. In fact, related consumption tracking is possible in theory, but it is difficult to operate in practice. And currently domestic consumer companies do not have good solutions. In theory, you can fight against consumers by requiring them to leave invoices and receipts for related purchases, but this will be accompanied by a lot of tedious operations. Related Q&A: Which platform is Hangyin Consumer Finance for borrowing?

What is Hangyin Consumer Finance’s loan platform? Are Hangyin Consumer Finance loans reliable? Hangyin Consumer Finance is reliable and you can borrow and repay at any time. Hangyin Consumer Finance is a licensed institution. When users apply for loan products at Hangyin Consumer Finance, both the loan process and loan interest are compliant and legal. Hangyin Consumer Finance Comprehensive Consumer Loan is a pure credit consumer loan that does not require mortgage guarantees. It is a loan that is mainly applied for based on personal credit report. If you need to borrow money, you can apply for a loan through branches, making appointments, etc. Personal credit report on Hangyin Consumer Finance. Hangyin Consumer Finance has been fully integrated with the People's Bank of China's credit report. Whether it is a loan business under Hangyin Consumer Finance or a loan issued by Hangyin Consumer Finance, the loan record will be included in the credit report. The credit report on the loan record will not affect the user's personal credit, only a bad credit record will have a negative impact. Although there are many channels on the market that can provide borrowers with loans, some loan platforms, in addition to inflated loan interest rates, may also charge additional fees such as handling fees and service fees, which puts borrowers under great pressure to repay. big. Conscience online small loan platform review, users who want to apply for a loan don’t miss it! 1. Youqianhuadu Xiaoman is a small loan product under the original Baidu Finance. It holds a financial license issued by the China Banking and Insurance Regulatory Commission and has private lending qualifications. Apply online, no mortgage is required, approval can be completed in as fast as 30 seconds, and loan can be issued in as fast as 3 minutes. Duxiaoman’s lowest daily interest rate is 0.02%, and the maximum loan amount is 200,000.

Du Xiaoman - If you have money to spend (second batch), click to measure the amount online

2. 360 IOU 360 IOU is a licensed institution, and the maximum loan limit is 200,000 yuan. The age requirement for borrowers is between 18 and 55 years old, and it is temporarily not open to college students. If you want to apply for a loan on 360 IOU, the borrower's personal credit record should not have serious credit stains, and the debt ratio should not exceed 50% of personal income. 360 IOU can borrow up to 200,000!

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3. Ping An New Loan Ping An New Loan is a small loan product under Ping An Puhui. It has low application threshold, high limit and fast disbursement. is one of its advantages. Users can borrow and repay at any time, with interest calculated on a daily basis. The minimum loan amount is 2,000 yuan, and the maximum loan amount is 500,000 yuan. The term of use ranges from 12 months to 48 months, and the monthly interest rate ranges from 1.1% to 1.53%.

Click on Ping An New Loan to measure the amount online

If you want to see whether an online loan company is legitimate, you usually check from the following aspects: First, check the loan company Whether you have a financial license or not, the loan products of licensed institutions will basically be connected to the central bank's credit reporting system. The second point is to check whether the loan application process is standardized. Most of the regular online loan companies provide credit loans, which are unsecured and unsecured. Therefore, they will focus on the repayment ability and willingness of the loan applicants. For example, they need to know After meeting the loan requirements, personal credit status, income status, debt ratio, workplace and other information, a formal loan contract will be provided, and the borrower will be willing to learn about various information about the loan institution without being secretive. Regular online loan companies will not charge any fees before the loan is disbursed. Only after the loan is officially disbursed will they charge interest or charge a certain handling fee. All loan companies must pay various fees before disbursing the loan. Everyone will take notice.

The third point is to check whether the loan interest rate complies with national regulations. The loan threshold of formal lending institutions will not be particularly low, and the interest rate will be within the range stipulated by the state. Many so-called "low threshold, low interest" lending institutions do not have loan qualifications. The loan period is very short, and the loan amount you get is often less than the actual amount. Various service fees will be deducted, and the overall cost of the loan is very high.