Joke Collection Website - Public benefit messages - Is Xinglong e-loan a formal loan?

Is Xinglong e-loan a formal loan?

Very formal.

Xinglong e-loan is a comprehensive credit loan product launched by Gansu Rural Credit Cooperative, which is distributed to urban households (aged between 22 and 65) for personal and family consumption.

Gansu Rural Credit Cooperative Association launched the online digital credit loan product "Xinglong e-loan". Among them, "Xinglong e-loan" is a personal consumption loan, which is used to meet the living consumption needs of users. Users apply for "e-loan" without mortgage guarantee and paper materials, just hold their ID cards and apply online with their mobile phones. Intelligent approval in the whole process, the maximum amount of application is 200,000, and the annual interest rate (simple interest) is as low as 4.35%. It will arrive in 3 minutes at the earliest, and interest will be calculated on a daily basis. Loans support various repayment methods such as average capital, matching principal and interest, monthly interest payment, and repayment of principal when due.