What does the inclusive finance loan include?

The concept of inclusive finance was put forward at the United Nations General Assembly in 2005, aiming at providing financial services to low-end customers and even poor people who cannot be served by traditional financial institutions. With the rapid development of Internet platform, Hewlett-Packard Finance has successfully gained a share of the market compared with state-owned banks and joint-stock banks by virtue of its advantages of high interest rate, quick loan and simple procedures. Today, let's briefly introduce what parts HP financial loans include?

What does the inclusive finance loan include?

1 inclusive finance companies with consumer finance licenses: Instant Consumer Finance (up to RMB200,000), Haier Finance Hi Pay (minimum credit line 1 RMB10,000, up to RMB200,000), Zhaolian Finance (established by China Merchants Bank and China Unicom), Suning Consumer Finance (affiliated to Suning.cn), etc.

Inclusive finance companies with local financial licenses include Ant Small Loan (Alibaba's flower garden and borrowing bank) and Pleasant Loan (listed in the United States, loans can provide provident fund model, extreme speed model and so on. ), WeChat Jinke (WeChat card loan, Doudou money, etc. ) and so on.

3 State-owned banks and joint-stock banks are also building this new financial system, and both have launched inclusive finance business, among which the more distinctive ones are: Industrial and Commercial Bank of China deals in fast loan products; China Construction Bank's online self-service loan product-micro-fast loan; Agricultural Bank of China has launched the micro-credit and online loan product Jinsui Fast Agricultural Loan for farmers. China Minsheng Bank's cloud fast loan; Seamless loans from Quanzhou Bank and so on.

What are the key elements?

1 mainly serves office workers, self-employed, small and medium-sized enterprises, micro-enterprises, farmers, urban low-income people, poor people, the disabled, the elderly and special groups.

2 There is no need to provide guarantee or collateral, and the application process is fast (it takes more than 1 month for ordinary banks to get loans, and it usually takes 3 to 5 days for inclusive finance to get loans); Effective allocation of funds.

Inclusive finance exists to meet the financial needs of low-income people and even the poor.

Hewlett-Packard Finance exists to solve short-term, small, urgent and frequent financial needs, and the state has given appropriate space in laws and regulatory policies, providing opportunities for the innovation of the financial system.