What kind of online loan is Weihai Blue Ocean Bank based on the credit report?

The Weihai Blue Ocean Bank on the credit report is Lanyida. Blue Ocean Bank is also a physical bank. It is a private bank approved by the China Banking Regulatory Commission. It officially opened for business in 2017 and is headquartered in Weihai, Shandong. However, currently No branch offices have been established.

1. Are Blue Ocean Bank deposits safe?

Bank deposit products are fixed income products, and interest is calculated according to the agreed interest rate. The main risk of bank deposits is credit risk, such as bank failure. All bank deposit products are protected by the "Deposit Insurance Regulations", and Blue Ocean Bank's deposit products are no exception. If the bank goes bankrupt, the insurance company will pay the principal and interest of the deposit up to a maximum of 500,000 yuan, so deposits within 500,000 yuan are also guaranteed.

2. About Blue Ocean Bank-Lanyidai

Blue Ocean Bank is the first private bank headquartered in Weihai in Shandong Province and a commercial bank. Like other banks, Blue Ocean Bank also launches many loan products. Provide financial services to local citizens. Lanyidai, a subsidiary of Blue Ocean Bank, is a purely credit-based consumer loan that is fully operated online and does not require going to the bank. The loan amount of Lanyida is about 50,000 yuan out of 200 yuan. After the applicant submits the loan application, Lanyida will comprehensively evaluate the borrower's loan qualifications based on the user's occupation, debt situation, credit information, etc., and determine the interest rate and limit. The loan interest rate is Lanyida, calculated on a daily basis, and the daily interest rate can be as low as 0.03. The better your credit, the lower the interest rate. The overdue fee is 50% higher than the normal interest, and the installment terms are 3, 6, 9, and 12 months.

The board of directors of Weihai Blue Ocean Bank will set up a risk management committee and a related-party transaction control committee to effectively ensure that all operations are legal, compliant, safe and sound. As the first private bank in the province, Weihai Blue Ocean Bank will be based on the shareholder industry chain and upstream and downstream enterprises, facing the marine economy, and actively promote service innovation in the entire industry chain through the combination of traditional finance and Internet finance, improve the productivity of financial factors, and serve Weihai City Provide fresh cases and useful exploration for the financial reform of the whole province.