What is an installment loan?

Installment loan is an online financial App.

Installment loan is one of the financial projects of Cai Huiguan.com, and its software platforms are IOS and Android.

Huiyoufang installment loan series products refer to the short-term transfer of accounts receivable claims of large housing enterprises held by factoring companies through financial platforms. After the buyers pay the down payment, they apply to the developers for installment loans to purchase houses, forming accounts receivable.

This kind of debt receivable has stable income and low default rate. Factoring companies buy back debts at maturity, and large-scale housing enterprises provide guarantees for debts, which makes the series of installment loans more secure.

Do you get credit by installment?

Installment loans are on credit. Because the installment loan funds come from banks, the lender's loan records will be directly reported to the central bank's credit information system. If the borrower applies for installment loan, he must repay the loan on time to avoid overdue, which will affect the borrower's personal credit information and generate certain liquidated damages.