What about Ali's microfinance?

With the increase of people's demand for funds, online loans have also emerged. Major Internet financial platforms have also begun to launch their own loan platforms. For example, Alibaba launched Ali Microfinance. Let's see how reliable Ali Microfinance is.

Platform background

Ali Microfinance is a loan product of Ali's online merchant bank. Although the online merchant bank is an internet bank, it was established with the approval of China's financial supervision department, which is consistent with the formality of other commercial banks. So Ali microfinance is a formal bank loan.

Product characteristics

Ali Microfinance is a pure credit loan without any mortgage or guarantee. Ali Microfinance has no fees other than loan interest, and the loan interest rate is also within the scope prescribed by law. Therefore, Ali Xiaowei neither routinizes everyone's items nor charges unknown fees.

User feedback

From the netizens who have applied for Ali's microfinance, I learned that Ali's microfinance service is quite thoughtful, not only paying fast, but also making repayment more convenient.

Summary: Generally speaking, Ali's small loans are relatively reliable, and the next payment is relatively fast, which can solve everyone's capital needs.