Do online loans only require ID cards now?

As long as a copy of the ID card is required, online loans can also be taken. After all, many small loan platforms only need to provide the customer’s ID number or mobile phone number. Loans. The application threshold is very low, and some do not even require review. However, most of these small loans have not been approved by the China Banking Regulatory Commission and do not hold financial licenses, so they are not very formal. It is easy for customers to encounter or break up, so it is not recommended to deal with this kind of problem.

Information: Peer-to-peer lending includes personal peer-to-peer lending (i.e. P2P peer-to-peer lending) and the Internet. Personal peer-to-peer lending refers to direct lending between individuals through the Internet platform. Direct lending on personal peer-to-peer lending platforms falls under the category of private lending and is governed by the Contract Law, the General Principles of Civil Law and other laws and regulations, as well as relevant judicial interpretations of the Supreme People's Court. The Internet refers to what Internet companies provide to customers through their controlled companies. The network should comply with the company's existing regulatory requirements, give full play to the advantages of online lending, and strive to reduce customer financing costs. The person-to-person loan business is supervised by the China Banking Regulatory Commission. Online lending is a bond investment with clear returns, and the lender receives interest income; however, the public often confuses it with equity crowdfunding. Equity crowdfunding is an equity investment with flexible returns. Investors can obtain future income by investing in companies, such as Beijing Crowdfunding, 36Kr, etc., which are all equity crowdfunding platforms. Whether it is bond investment or equity investment, there are certain risks. Investors must be fully aware of the risks, have sufficient understanding and mental preparation for taking risks, and make their own judgments on this premise and bear the risks of the project. If you are applying for a loan from a formal loan platform approved by the China Banking Regulatory Commission and holding a financial license, I am afraid that only your ID card information is not enough. Customers often need to provide personal work income information because the platform system needs to understand their economic level and determine whether their repayment ability is sufficient based on their work income.

Of course, as long as the personal identity information and work income information provided by the customer are complete and comprehensive, the platform will judge that the customer has the ability to repay the principal and interest of the loan on time; and my credit is good and there are no bad records in the credit report (big data). Then the loan can usually be successfully processed, which is not difficult for customers with good credit.

Can I borrow money online just by using my ID number?

No. Although online loans do not require the provision of paper information, the borrower must upload a valid ID document and bind the bank card in his or her name to complete the real-name authentication. It is impossible to obtain an online loan by just providing the ID number.

And during the borrowing process, in order to confirm that you are borrowing money, some platforms must also scan your face for authentication. You must follow the prompts to complete actions such as opening your mouth and blinking, and then match it with the ID card photo, so online loans are considered a threshold. Not too high, but some requirements must be met.

Extended information:

Online loan application conditions:

1. Applicant

Online loans require applicants to be at least 18 years old 1 year old, with full civil capacity, and many online loans are not allowed for school students to apply.

2. Zhima Credit

Many online loans require the authorization of Zhima Credit, so online loans require applicants with good Zhima Credit. However, loan products are different. For Zhima Credit, The standard requirements for points are also different. Applicants are generally required to achieve around five or six hundred points.

3. Personal Credit

Some online loans require a credit check, and some do not, but in general, the applicant still needs to have good personal credit.

4. Other conditions

Online loans basically require a mobile phone number and bank card. Especially for mobile phone numbers, online loans will require applicants to have a mobile phone number that has been used for real-name authentication for 3 months or more than 6 months.

Of course, the conditions may be different for different online loan products. The actual situation is subject to the product page display.

Overdue repayment of online loans will result in the following adverse consequences:

1. Penalty interest will be calculated from the overdue date until the customer repays all the loans.

The penalty interest rates of many loan platforms will be higher than the borrowing interest rates. If the customer continues to default on repayment, I am afraid that a lot of penalty interest will be incurred. At that time, the customer will have to repay more and more, and the repayment pressure will also increase. getting bigger and bigger.

2. The loan platform will report overdue information to big data and leave bad records in it. Some platforms or their cooperative lending institutions are connected to the central bank's credit reporting system and may report overdue information to the central bank's credit reporting system, leaving bad information in the customer's personal credit reporting report, thus causing damage to the customer's personal credit.

3. The platform system may carry out risk control on customers’ loan accounts and freeze the limit so that customers can no longer borrow money. At the same time, because the credit is damaged, customers will most likely be blocked from borrowing from other lending institutions, platforms or banks. After all, the other party will also check the customer's credit status during approval. Once problems are discovered, they will naturally refuse to approve the loan.

Can I borrow money online with just an ID card?

You can also borrow money online as long as you have a copy of your ID card. After all, there are many small loan platforms that only require customers to provide their ID number or mobile phone. Loans can be made directly using the number, and the application threshold is very low, and some do not even need to be reviewed. However, most of these small loans have not been approved by the China Banking Regulatory Commission and do not hold financial licenses. They are not very formal, and it is easy for customers to encounter or harass them. It is not recommended that customers apply for such small loans.

: Online lending includes individual online lending (i.e. P2P online lending) and the Internet. Individual online lending refers to direct lending between individuals through the Internet platform. Direct lending activities that occur on individual online lending platforms belong to the category of private lending or lending, and are governed by laws and regulations such as Contract Law, General Principles of Civil Law, and relevant judicial interpretations of the Supreme People's Court. Network refers to what Internet companies provide to customers using the Internet through companies they control. Networks should abide by existing corporate regulatory regulations, leverage the advantages of online lending, and strive to reduce customer financing costs. The online lending business is supervised by the China Banking Regulatory Commission. Online lending is a bond investment with clear returns, and the lender of the funds obtains interest income; however, the public often confuses it with equity crowdfunding, which is an equity investment with flexible returns. Investors obtain future returns by investing in the company. , such as Jingbei Crowdfunding, 36Kr, etc., are all equity crowdfunding platforms. Whether it is bond investment or equity investment, there are certain risks. Investors should fully understand the risks, be fully aware of and mentally prepared to bear their own risks, and judge and bear the risks of the project on their own under this premise. If you go to a formal loan platform approved by the China Banking Regulatory Commission and holding a financial license, then I am afraid that only the ID card information is not enough. Customers often need to provide personal income information, because the platform system needs to be based on the customer's personal information. Use your job income to understand your financial level and determine whether your repayment ability is sufficient.

Of course, as long as the personal identity information and work income information provided by the customer are complete and comprehensive, the platform determines that the customer has the ability to repay the principal and interest of the loan on time; and that the customer has good credit and no bad records in the credit report (big data) , then the loan can usually be successfully applied for, and it is not difficult for customers with good credit.

Can I borrow money online with my ID card?

You cannot apply for a loan on a genuine online loan platform with your ID card alone. Applying for an online loan requires the borrower to provide basic personal identity information and work information. The borrower is required to have a stable job and be able to apply on time. The ability to repay the principal and interest of the loan also requires Alipay certification, Taobao certification, operator certification, etc. The online loan platform will conduct reviews based on the borrower's credit and assets.

Before applying for an online loan, you must first confirm whether the online loan platform is genuine. If an online loan platform claims that you can apply for a loan as long as you have an ID card, the borrower must be wary of the risks.

Can online loans only require ID numbers?

No. Although online loans do not require the provision of paper information, the borrower must upload a valid ID document and bind the bank card in his or her name to complete the real-name authentication. It is impossible to obtain an online loan by just providing the ID number.

Credit reporting is the collection, sorting, preservation, and processing of credit information of natural persons, legal persons, and other organizations in accordance with the law, and provides external services such as credit reports and credit assessments to help customers judge and control credit risks and conduct credit management. activities.

Credit reporting is a professional, independent third-party agency that establishes credit files for individuals or enterprises, providing a platform for professional credit institutions to share credit information.

What does bad information mean? Adverse information refers to information that has a negative impact on the credit status of the information subject, such as information that the information subject failed to perform its obligations in accordance with the contract in activities such as lending, credit purchases, guarantees, leasing, insurance, and credit card use, and information on administrative penalties imposed on the information subject. , people's judgments or rulings on information subjects' performance of obligations and information on enforcement, etc.

What do some terms used to record “overdue” information in credit reports mean?

Have you seen some terms used to record "overdue" in credit reports? It's actually very simple. For example, the current number of overdue periods/amount refers to the current number and amount of consecutive overdues; the overdue month refers to the month in which a loan or credit card is overdue; the number of consecutive overdue months/amount refers to the number of months that a certain overdue behavior has continued up to now. and the amount that has yet to be repaid.

How long is bad information stored? Will a breach of trust be recorded for life? Bad information will not last a lifetime. The retention period of adverse information is 5 years from the date of termination of the adverse behavior or event. For example, if you forget to repay your mortgage in October and it becomes overdue, then the overdue record will be automatically eliminated after 5 years from the date the October mortgage is paid off.

What should I do if I find that the bad information has been recorded incorrectly?

If you believe that there are errors or omissions in the information collected, saved, and provided by the credit reporting agency, you have the right to raise objections with the credit reporting agency or the information provider and request corrections. After receiving the objection, the credit reporting agency or information provider shall mark the relevant information as objectionable according to regulations, conduct verification and processing within 20 days from the date of receipt of the objection, and respond to you in writing with the result.

Can I only take an ID card photo for an online loan?

No. Currently, online loans only require photos of ID cards and cannot be used for loans. Nowadays, online loans require your real name, certified phone number, photo of your ID card and bank card information to make a loan.

During the loan application stage, we not only consider the purpose of the funds and the general process, but also details such as personal identity and income. Personal loans can only be credit loans and require the pledge of physical objects and securities of a certain value. After approval, the lender needs to go to the bank to fill in the loan information, sign and take photos in the bank supervision area when handling the loan procedures.

1. Conditions for applying for a personal loan:

First, you must be at least 25 years old, have full capacity for civil conduct, and have permanent residence or a valid residence permit in China.

Second, having a fixed career or stable financial income can ensure the ability to repay principal and interest on schedule.

Third, the credit record is good and there is no bad credit record.

Fourth, it is able to provide legal and effective guarantees recognized by banks.

Fifth, other conditions stipulated by the Bank.

2. Risks of online loans:

1. The virtual nature of online transactions makes it impossible to verify the credit status of lenders and borrowers, which can easily lead to fraud and default.

2. In the large amount of lender information released on the online platform, many loans are issued in the name of "loan companies" and "financing companies". In fact, only state-approved financial institutions can engage in credit financing and other financial services. Those who engage in financial activities without authorization are often held accountable for “illegal fund-raising,” “illegal absorption of public deposits,” and disrupting financial management order.

3. If the loan is issued on behalf of an online platform, when the online platform ignores self-discipline and internal control procedures fail or are used, there may be cases of fabricating loan information and illegal fund-raising.

3. The conditions required for general online loans include:

1. The applicant is between 18 and 60 years old and has full civil capacity.

2. The applicant has good personal credit and no bad overdue records.

3. Applicants need to have a stable job with a monthly income that can be repaid on time.

4. Applicants need to have a real-name mobile phone number that has been used for more than 6 months.

5. Applicants need to use a debit card and provide the bank statement of the card.

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Let’s stop talking about the introduction of online loans as long as the ID card.