Is the online business loan in Alipay formal?

The online business loan in Alipay is a form of online loan approved by the CBRC. Net business loans and bank loans are different, the bank loan interest is relatively low, but the qualification and guarantee requirements of the lender is relatively high, generally not easy to loan. On the other hand, online business loan loan interest rate is relatively high, the qualification and requirements of the lender are more relaxed, such as good credit, whether to open an online store and so on. Online business loans are mainly for people who open online stores in Taobao, the loan is relatively easy.