Is Ctrip's car loan reliable? Mainly look at these three aspects!

With the continuous development of the credit market, many internet companies gradually set foot in this business and launched some loan services to meet the needs of different customers. Although Ctrip's main business is tourism, it also has its own small loan products. A friend asked, is Ctrip's car loan reliable? Mainly look at these three aspects!

Is Ctrip's car loan reliable?

1, loan eligibility

If you want to know whether a small loan product is legal, it is the fastest choice to inquire whether the company behind it has the qualification to lend. The company behind Ctrip's car loan is Ctrip Finance, which was established with the approval of the China Banking Regulatory Commission and holds a consumer finance license. In other words, Ctrip's car loan is filed nationwide and is eligible for private lending.

In addition, Ctrip car loan also has a cooperative relationship with the central bank's credit information system. The borrower applies for a loan on Ctrip car loan, and his personal credit will be updated on T+ 1 day.

2. Loan interest rate

According to the national regulations, the loan interest rate of any financial institution needs to be determined according to the LPR interest rate. The loan interest rate of financial institutions fluctuates on the basis of LPR interest rate, and the maximum shall not exceed 36%. Once it exceeds 36%, it is illegal interest rate. If the excess is not protected, the borrower may refuse to pay the interest on the excess.

According to official website news of Ctrip Finance, the minimum daily loan interest rate of Ctrip car loan is converted into monthly interest rate and annual interest rate, that is to say, the loan interest rate of Ctrip car loan is within the legal range.

3. Collection method

According to national regulations, it is illegal for debt collectors to use soft violence and other means to collect loans, and they need to bear criminal responsibility. The dunning methods of Ctrip car loans are basically phone calls and SMS reminders, which will not pose threats or harassment to borrowers.

The above is "Is Ctrip's car loan reliable?" I hope it will help everyone!