Is micro-loan a formal loan?

Microfinance is still a relatively formal loan. 1. Microfinance is a loan service platform under the Microfinance Network Group; 2. Microfinance APP is a bank credit data service product under the Microfinance Network Group. The loan service platform provides a variety of loan services with different amounts and different times, such as large-scale installment loans with pure personal credit, car owners' credit loans and vehicle mortgage loans, to meet the diversified loan needs of consumers.

Microfinance (full name of micro-enterprise credit) belongs to microfinance. It refers to providing credit services for small businesses. China's financial credit mainly serves large enterprises, and it is difficult for small enterprises, especially micro-small enterprises, to obtain credit services from commercial banks. The credit market of micro-enterprises is in the initial stage of development. China has a large population, and its economy is in a period of rapid development, so the micro-credit market will have a great development space.

It is also very convenient to borrow money with micro-loans, and many users are willing to use this loan slot. Without all mortgage guarantee, download and install micro-loan software on the mobile phone, register with the mobile phone number verified by real name, provide my ID card and bank card, and get the corresponding amount of loan after face recognition. Usually, as long as the information provided is true and effective, you can pass the loan review, and it takes only three minutes to get the account after the review.