Internet lending platform
(p2p) is an Internet finance (ITFIN) service website that combines lending and Internet lending. Online lending refers to the process of borrowing, in which materials, funds, contracts, and procedures are all realized through the Internet. It is a new financial model developed with the development of the Internet and the rise of private lending. Micro-lending is a kind of A business model that aggregates small amounts of funds to lend to people in need of funds, mainly refers to a financial model in which individuals provide small loans to other individuals on the premise of charging a certain fee through a third-party platform.
After the financial crisis broke out, major European banks generally borrowed for self-insurance. Small and medium-sized enterprises that are eager to develop their business suffer from nowhere to borrow, and are often helpless because a small amount of working capital is not in place. Online financial services first emerged in the UK.
The situation in China: Bank credit is biased towards state-owned enterprises and large enterprises. Small and medium-sized enterprises in the cracks often find it difficult to obtain financing support through formal channels and have nowhere to borrow. Microfinance companies are limited by capital restrictions and serve limited customers. In this context, online lending platforms came into being.
Development trend
The online lending model has unique advantages in serving small and micro enterprises. Small and micro business owners can obtain financing through intermediaries in the name of individuals, which can be convenient and fast, and can effectively use social idle capital. In addition, institutions can effectively reduce service costs through the Internet and meet the needs of small and micro businesses. Investment, financing and loan P2P It fits well.
P2P online lending platforms refer to small-amount lending transactions between individuals and individuals through online platforms. The borrower can release the loan information by himself, including the amount, interest, repayment method and time, to realize self-service borrowing; the lender can determine the loan amount by himself according to the information released by the borrower, and realize the self-service lending.
. Small and micro business owners can obtain financing through intermediaries in the name of individuals, which can be convenient and efficient, and can effectively use social idle capital. In addition, organizations can effectively reduce service costs through the Internet, which meets the needs of small and micro businesses. P2P online lending platforms refer to small-amount lending transactions between individuals reached through online platforms. The borrower can release the loan information by himself, including the amount, interest, repayment method and time, to realize self-service borrowing; the lender can determine the loan amount by himself according to the information released by the borrower, and realize the self-service lending.
Online lending norms
The earliest online lending model is to use the unsecured online model of online lending institutions to use an online platform to regulate personal lending behavior, so that both borrowers and lenders can get Income. All loans of online lending institutions are determined by the borrower and lender through electronic agreements to determine the rights and obligations of both parties. All funds are managed by third-party platforms such as Alipay, Fortune Connect, and banks. The online lending institution itself does not deposit User’s bid bond.
Vision
There are many reasons why the unsecured online model cannot be idealized, including poor supervision, weak technology, and high credit review costs due to the unopened credit reporting system. However, in addition to this, the lack of borrower resources is also the main reason hindering China's development.
With the development, China’s online lending platform market has entered a stage of diversification. In addition to the online and offline integration model, P2P online lending is represented by the cooperation model with small loan companies and guarantee companies. It is also becoming a new trend.