Is orange Yitong a sweet orange loan?

No, Orange Yitong is not a formal platform, but a platform built by private lending, with high interest rate and slow lending speed. Before the loan, the fees are collected by means of membership fees, unfreezing fees, etc., and then the loan is processed. Sweet Orange Loan belongs to China Telecom Company and is a loan product paid by Telecom Wing. Sweet Orange does not lend money by itself, but cooperates with formal financial institutions, such as Bank of Ningbo and Zhongan Insurance, which are formal platforms.