Would it be possible for you and me to lend money within 1-20 days?

Yes. After applying for your loan and submitting the information, there will be a prompt on the post-application page saying that the loan will be disbursed within 1-20 working days. This time is only an approximate time, and there is no specific time to determine. Generally, the loan will be released within 20 days.

Youwodai is the leading online P2P credit investment and financing platform in China (a type of Internet financial ITFIN product). It is a practitioner of financial reform and focuses on the capital development needs of small, medium and micro enterprises, self-employed individuals and farmers. It has long been committed to the construction and improvement of the national credit system.

Youwodai P2P online lending platform was established in June 2011. It is a pure third-party online credit investment and financing service platform.

As a third-party service platform, Youwodai does not absorb deposits or lend money. It only provides a series of related services such as credit consultation, review, recommendation and fund transfer docking, between investors and borrowers. Build a bridge for capital allocation.

The Youwodai platform is independently constructed and operated by Shanghai Jiayin Financial Services Co., Ltd. (formerly Shanghai Jiayin E-Commerce Co., Ltd.).

In August 2018, Niwodai signed a contract with the China Judicial Big Data Research Institute and became the first batch of mutual financial member companies to access judicial data.

On May 10, 2019, Jiayin Jinke, the parent company of Youwodai, was listed on Nasdaq.

Basic content of platform loans

Loan scale

The China Banking Regulatory Commission recently stated on the supervision of local financing platform loan risks that the current financing platform loan risks are generally controllable, but still There are some problems: the compensatory risks of local governments have increased; many platforms have turned to trust, financial management, bonds, fund-raising and other channels to alleviate the funding gap, but the ultimate source of these funds is still mainly banks; in the next three years, local governments will still In the period of concentrated debt repayment, financing platforms continue to face concentrated debt repayment pressure.

Guo Tianyong, director of the Banking Research Center of the Central University of Finance and Economics, believes that the smooth transition of platform loan risks can be buffered and mitigated by measures, which can avoid concentrated outbreaks of risks in a short period of time and also reduce bank risks.

For platform loan risk management and control, the relevant person in charge emphasized that it is necessary to continue to keep a good statistical account of due loans, and each bank must make monthly statistics on the amount of platform loans due this year, the sources of debt repayment funds, and actual repayments. and other situations, communicate with local governments in a timely manner and take early measures to avoid major breaches of contract. At the same time, each bank legal person is not allowed to increase the scale of platform loans.