What are the usual ways to apply for a personal loan?

What are the channels for personal loan?

At present, there are three formal channels for enterprises to conduct personal loan through individuals: online loan platform, bank personal loan, and personal loan management company to provide personal loan. Other unconventional channels do not need to be considered, it is very unsafe, high risk, we hope you can avoid going to unconventional channels. personal loan So for our country, let's talk about the different characteristics of these three personal loan channels.

Second, what are the development characteristics of these three different channels?

1. Online loan platform personal loan channels

Online personal loan platform should now be the choice of most people, the main features are: unsecured, convenient personal loan, pure credit personal loan, simple and convenient operation, the amount is generally not high.

Nowadays, personal loan platforms are also divided into

P2P personal loan and B2C personal loan. P2P personal loan is a person-to-person personal loan, typically represented by personal loan Wealth, B2C personal loan is a company?to-individual personal loan, The typical representative is the mobile phone personal loan of China Mobile. Although the personal loan platform has many advantages and is suitable for people who use small capital turnover, they should also pay attention to their information security.

When choosing an online personal loan platform, they need to check the background of the platform and whether it can withstand certain risks. For example, the above-mentioned products of China Mobile belong to state-owned enterprises and will be relatively safe.

2. Bank personal loan channels

Compared to the other two channels, banks are the most accepted personal loan channel. The main characteristics of the bank's personal loan channel are complicated procedures, long process, strict conditions and short cycle. You can rest assured in all aspects of personal loan from the bank. Don't worry if you don't read the contract clearly, you will bear high interest and fall into the fraud trap. You don't even have to worry about someone coming to your door with a knife when you really don't have the money. However, banks are not suitable for everyone to choose personal loan channels. On the one hand, the application conditions are harsh, there are too many restrictive clauses, and the procedures are too complicated, time-consuming and laborious, and sometimes it may not be completed in a year. In addition, the term of personal loan is relatively short, and long-term investment can rarely be borrowed. Finally, the amount of personal loan is relatively small, and it is difficult to solve all the funds needed for enterprise development through the bank. Especially for enterprises in the start?up and start-up stages, it is difficult to obtain a personal loan from the bank due to the high risk of personal loan. The bank personal loan is mainly a personal loan for personal housing, or a commercial personal loan is more appropriate.

3. personal loan company channels

The channel development characteristics of personal loan management company include: online application is required, the approval speed is faster, and relevant procedures and fees are required. In the personal loan enterprise company, the approval of personal loan is very fast, and we can also enjoy high-quality credit products and services. However, personal loan Co., Ltd. also carries certain risks. On the one hand, the interest of personal loan is much higher than that of traditional banks. On the other hand, some personal loan platform companies will also charge certain handling fees. Another important aspect is that there are so many personal loan insurance companies in China now that it is easy to fall into the trap of scamming companies if you do not distinguish them carefully.

Each channel has its own advantages and disadvantages, where to personal loan, but also according to their own situation to decide, if you want a mortgage personal loan, then must be the first choice of the bank, if you need thousands of dollars of turnover, then choose the online personal loan platform, If you need a lot of money, but more urgent, then the personal loan company is your choice, so when choosing the channel, to be clear about their own situation, choose the channel accordingly.

According to the above information, we can know that there are generally three kinds of personal loan channels, and online loan is the riskiest one. In addition, personal loan is more risky to the personal loan company, and only the bank personal loan needs to bear less risk. However, this kind of loan has a higher threshold, and it is generally not adopted.