Internet Micro Loan (What does Internet Micro Loan mean?)

Internet microloans are small loans applied through online channels, and most online loans are internet microloans. Internet small loans are characterized by online application, online audit, the whole process is online. Loans that need to be signed offline cannot be called Internet microfinance. At the same time, the Internet small loans are generally charged daily interest on loans, and their loan interest rates are generally high.

Therefore, when users apply for a loan, they can decide whether they want to apply for an Internet microfinance loan according to the actual situation, after all, the interest rate of the Internet microfinance loan is on the high side.