What kind of loan is Caifubao?

Caifubao is a kind of online loan, similar to routine loan, which is generally illegal. Online lending is always illegal. People who have the ability to work had better borrow money from the bank. If they are still students, they can ask their parents for some. Many people have overdue online loans. they

1. Without a business license,

2. SMS bombing, intimidation and dunning, illegal.

3. Arbitrary kidnapping constitutes a crime,

4. Interest is high, usury, even if it is repaid, he will still call for money, so many people will not repay it after paying it back, because it will never be repaid. This is a black business. Friends who borrow online loans should stop lending online. If they have no money, they can borrow it from relatives and friends at home, or they have jobs, but their income is not much. They can borrow it from regular departmental banks, except banks and Alipay, and they must not be overdue.

Moreover, as an operator focusing on community financial services, Caifubao has been deeply cultivating the community financial ecosystem since its establishment, relying on advanced Internet, big data technology and powerful offline property community resources, taking the community as the entrance and linking the specific needs of owners, small and medium-sized enterprises, agents and partners, and building a community-based technology financial platform. Based on the community, Caifubao provides a unique "community+finance" scenario service, covering investment and financing, third-party payment, online small loans, private placement, pawn, car rental and other fields. Caifubao has provided high-quality financial services to nearly 4,000 community resources across the country. In addition, Caifubao has further laid out the field of financial technology, and is committed to serving the capital needs of community owners in different time periods and the whole life cycle of small and medium-sized enterprises from start-up, establishment to maturity.

Finally, about the problem of overdue repayment of online loans. The default interest rate of overdue loans (loans that the borrower fails to repay on the date agreed in the contract) is changed from the current daily interest rate of 2. 1% to 30%-50% higher than the loan interest rate agreed in the loan contract; If the borrower fails to use the loan as agreed in the contract, the penalty interest rate will be changed from the current daily interest rate of five ten thousandths to 50%- 100% of the loan interest rate agreed in the loan contract. For loans that are overdue or not used according to the purpose agreed in the contract, interest will be charged at the default interest rate from the date when they are used in loans overdue or not according to the purpose agreed in the contract until the loan principal and interest are fully paid off. For the interest that cannot be paid on time, compound interest shall be calculated at the penalty interest rate.