Is iQiyi Xiaoya Loan reliable?

There are risks. Xiaoyadai is just an iQiyi platform to attract traffic. You can only open an entrance by invitation. In fact, it is a matching financial institution that will review and lend money. Xiaoya Loan is not lent by iQiyi, but by Baixin Bank and Xinwang Bank. Both of these institutions are connected to the central bank's credit report, so when you apply for Xiaoya Loan, your credit will definitely be checked. After the application is successful, the loan record of Xiaoyadai will be added to the loan information in the credit report. Generally speaking, the bank's review is relatively strict. Generally, if you go in and apply, you will see a pre-approved application quota. Those with pre-approved application quota are eligible to apply, but when you withdraw money beyond the quota, there will be a secondary review. After the secondary review is passed, Only then can the account be received.

Detailed introduction: 1. Platform background: iQiyi provides an application entrance, and the cooperative institutions are Baixin Bank, Xinwang Bank and other licensed consumer financial institutions, which means that the specific review and loan lending is done by matching financial institutions are responsible. The Xiaoyadai entrance is on the iQiyi Video APP. Go to My Wallet through the personal center. If you meet the Xiaoyadai borrowing requirements, you can see the Xiaoyadai entrance on the wallet page. Click on it and follow the prompts to apply for a loan.

2. Application: From the application threshold, Xiaoyadai is invitation-only, so many users may not even have access. If you want to know whether you have been invited, you can upgrade your phone to a new version and search for "Xiaoyadai" on the homepage of the iQiyi APP to see if it is displayed.

3. Quota interest: From the application threshold, Xiaoya Loan is invitation-only, so many users may not even have access. In terms of credit limit, it is between 5 million and 300,000. The loan term is 3, 6, 12, 24, and 36 periods. The daily interest rate of the loan is between 0.02% and 0.06%. The details are shown on the page. The final approval result shall prevail.

4. Credit report: Xiaoyadai will check the credit report when applying. Personal credit report is one of the important criteria for institution evaluation. After borrowing, the user's repayment behavior will also be affected. It is reflected on the credit report.

Note: Xiaoyadai is an independent product launched by the iQiyi platform itself. Currently, iQiyi cooperates with Baixin Bank and Xinwang Bank to provide users with full-process credit services. At the same time, Xiaoyadai is different from the "borrowing money" service previously launched by iQiyi. "Borrowing money" is similar to a loan supermarket, which mainly diverts traffic to different lending institutions.