Is the ID card loan true? What should I pay attention to?

Small advertisements such as "ID card loan, fast loan, low interest rate and no mortgage" can be seen everywhere, and friends circle is often screened by various loans. If it is a loan, it is really easy to fall into the trap of ID card loan. So, what are we doing?

What should I pay attention to at school?

Note 1: Loan or trap? Be sure to polish your eyes.

The most important thing for "ID card loan" is to distinguish whether it is a real lending institution or a scam. In fact, this kind of deception emerges endlessly in life. Every one or two days, there will be an example of "a certain loan was cheated" in social news pages.

The method of distinguishing is actually quite simple: is there a pre-loan charge? No matter what the name of the other party, whether it is qualification verification fee, guarantee fee or handling fee, as long as there is charging behavior before lending, it can be identified as a liar.

Note 2: ID card is a necessary condition but not the only condition.

Although some loan products are under the banner of "convenience and quickness", they will clearly state what materials the applicant needs to submit in the application conditions. Generally speaking, the ID card is only a necessary material. If an individual wants to apply for a loan successfully, he still needs to submit a credit report and salary flow. Without these supports, it is absolutely impossible to borrow money with an ID card.

Some people may say that if I apply for ant borrowing and micro-loan online, I can get a loan without any formalities or even submitting my ID card. Take lending as an example. Alipay has its own credit system, and people with high credit scores are eligible to apply for loans. At the same time, the loan is also given a certain loan amount according to the borrower's consumption habits. In other words, borrowing is also an evaluation of the borrower's repayment ability.

Note 3: See clearly the additional conditions of collateral.

Combined with market feedback, in fact, many advertisements of "loans only by ID cards" are just publicity gimmicks of financial institutions. Advertising is one thing, execution is another.

Some loan applications require neither proof of credit history nor proof of wage flow. What should I do if I encounter this kind of loan? See if you need a mortgage or guarantee.

Generally speaking, a loan product with a particularly low personal data threshold requires the borrower to provide real estate or vehicles as collateral. At this point, the borrower should not only look at the expected annualized interest rate of the loan, but also look at how to indicate the asset mortgage in the contract.

In fact, in most cases, it is very unlikely that you can get a loan just by virtue of your ID card. Loans can only be obtained through formal loan application channels. All the so-called unconditional loans and unsecured platforms on the Internet are unfair transactions conducted by scammers using some loan loopholes. We should avoid these improper online lending channels.