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Speedy Loan (Credit)


I. About the Product

It is a 100% online personal operating loan for business operators with good credit standing to meet their funding needs for production and business activities. Customers only need a mobile phone to apply for the loan, and the whole process from application to loan granting can be completed in ten minutes at the soonest.

II. About the Service

Applicable users: individual business operators (farmers and merchants) aged 18-60 years old with good credit records.

Line of credit: up to RMB300,000 to a single borrower.

Term: up to 24 months.

Interest rate: 6%-10%, subject to the local interest rate.

Drawdown method: revolving line of credit; to be borrowed and repaid at any time.

Repayment method: equated monthly installments, one-off repayment of principal with interest, or monthly interest payment and repayment of principal upon maturity.

III. Application Channel

It is available via online channels such as mobile banking, and is applied by self-service online only.