Do you want to give me a chance to increase my quota with an online merchant loan?

Online business loans are relatively low in application conditions and use restrictions, and the conditions for review are very wide. For some applicants with poor qualifications, the chances of lending money are still quite high. Then do you want to give me a chance to increase my quota with an online merchant loan?

Advantages and disadvantages of online commercial loans

Advantages: Online merchant loan is a loan from Alibaba's online merchant bank, which mainly provides loans to merchants who cooperate with Alibaba. The service life can reach 24 months. The better the credit, the lower the interest rate. Online business loan is a pure credit commercial loan for individuals in the Ali system. Unsecured and unsecured, the interest rate is much lower than that of similar products in the market. The platform has a fast audit speed, and after the information is complete, the loan can be released in an average of three paydays.

Disadvantages: The applicant's sesame credit score must be above 600 to apply for a loan, and the platform's inherent capital is small, so it can't undertake a large amount of guarantee. Lack of effective supervision is one of the most serious problems of online lending platform, and the central bank and China Banking Regulatory Commission have no clear laws and regulations to guide online lending.

Nowadays, people often use loans in their lives. There are many kinds of loans, which are usually divided into mortgage loans and credit loans. There are also many ways to borrow money. In addition to common bank loans, there are also local microfinance companies, but loans are also accompanied by risks, and borrowers need to measure their economic ability to choose.