What is an Internet Small Loan License What can Internet small loans do? cash loan chaos Consumer Finance and Internet Small Loans Xiaowei's insight Epilogue 1. What is an Internet Small Loan License? Online micro-loans refer to the micro-loans provided by Internet companies to customers through the use of Internet technology through special database the micro-loan companies controlled by them. Due to geographical restrictions, traditional small loan companies generally cannot operate across regions, and can only lend in the administrative region.
Where they are registered. Therefore, the Internet small loan license can operate across regions, which is very suitable for the needs of Internet companies. It is worth mentioning that the licensing agency of the Internet small loan license is the local financial office (among which Chongqing has issued the most Internet small loan licenses), but its business special database scope is nationwide, so it has been under unsupervised supervision for a period of time in the past. 's predicament.
Although the Central Bank and UnionPay later established a special rectification working group for Internet financial risks, it was too late to make amends. 2. What can Internet small loans do? To put it bluntly, the function of Internet small loans is to special database lend you money, which is mainly divided into two forms: One is in the form of a cash loan, giving you the money directly, and spending it as you like; The other is in the form of a white note, which helps you pay for the bill, remember to return the money to me when the time comes, and stipulates that no interest is charged during the billing cycle.