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What is the invitation code for immediate loan?
The risk of seeking loans from microfinance companies;
High loan interest
Due to the low application threshold, small loan companies naturally bear relatively large loan risks. In the loan industry where risks are turned into profits, the interest charged will naturally be higher than that of banks. However, it is worth noting that the charging standards among small loan companies will also be different, and it is still king for borrowers to shop around;
There are many loan scams.
In the mixed unsecured loan market, many criminals in the guise of small loan companies swindle borrowers who are in urgent need of money. Generally speaking, 80% of lending institutions will require borrowers to repay in advance in the name of collecting deposits, handling fees and interest, but in fact, formal small loan companies will start to collect relevant fees in the first month after successful lending.
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