Is the loan company reliable?

Formal loan companies are still relatively reliable.

The advantage of the loan company is that the loan speed is fast, and the loan information will not be included in the credit information system.

1, with fast lending speed.

The bank's audit process is strict and complicated, while the lending institution is the opposite, and its high efficiency undoubtedly improves the lending speed. So friends who are in urgent need of money can consider applying for loans from such institutions.

2. Lending information will not be included in the credit information system.

Although the credit information system is becoming more and more mature, it still needs to be improved. The reason is that all credit transactions between borrowers and lending institutions other than banks will not be recorded in the credit information system, and naturally they will not be reflected in the credit information report. This means that the borrower's debt and overdue behavior not only enjoy full "privacy", but also help the borrower to borrow from other institutions again.

Loan companies also have some shortcomings, such as high loan costs and many loan scams. Due to the low application threshold, small loan companies naturally bear relatively large loan risks. In the loan industry where risks are turned into profits, the interest charged will naturally be higher than that of banks. However, it is worth noting that the charging standards among small loan companies will also be different, and shopping around is still king for borrowers.