How can a loan company lend without cooperation with banks?

For most people who want to apply for a loan, it is best to get the money they want from the bank. However, many people choose to apply for loans from credit companies because banks have strict requirements on the qualifications of lenders and the approval time is long. How to borrow money from a credit company? How do credit companies lend money?

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How do credit companies lend money?

In fact, most credit companies still cooperate with banks, and the main lending channel is banks. Generally speaking, credit companies that cooperate with banks or have financial licenses issued by the CBRC are eligible to issue loans. If the lender finds that a credit company has not cooperated with the bank and has no financial license when applying, it is not a formal company to a large extent.

At the same time, credit companies that only cooperate with one or two banks also advise you not to apply for loans, because such credit companies have small lending channels and cannot meet the loan needs of users to the greatest extent.

Generally speaking, there is no difference between lending by credit companies and ordinary banks. After the approval is successful, it will enter the lending time, which will generally be transferred to the savings account bound by the applicant, and no fees will be charged before lending.

How to borrow money from a credit company?

Regardless of any lending institution, lending has a very strict process: customer application acceptance → investigation and analysis → review and evaluation → contract signing and mortgage registration → level-by-level approval → issuance of vouchers → post-loan inspection, collection and return → material filing.