What are the consumer finance companies

Consumer finance companies, also known as consumer credit companies, are non-bank financial institutions that primarily provide consumer loans to individuals. These companies usually provide unsecured and unguaranteed small consumer loans to meet the financial needs of consumers when purchasing goods or services. The following are some of the well-known consumer finance companies:

1. HomeCredit: Jetion is a global consumer finance provider based in the Netherlands, with operations in China, India, Indonesia, Vietnam and other countries.

2. China Union Pay-WooriFinance Consumer Credit: China Union Pay-WooriFinance is a consumer finance company formed by China UnionPay and China Merchants Bank*** to provide unsecured and unguaranteed small consumer loans.

3. Industrial Consumer Finance Co., Ltd (IndustrialBankConsumerFinance): Industrial Consumer Finance was established by Industrial Bank and four other enterprises*** with the same capital, mainly providing consumer credit services.

4. Immediately Consumer Finance Co., Ltd (MaishengConsumerFinance): Immediately Consumer Finance is a local Chinese consumer finance company, providing small consumer loans, consumer installments and other financial products.

5. Bank of China Consumer Finance (Bank of ChinaConsumerFinance): Bank of China Consumer Finance is funded by Bank of China and other shareholders, and mainly provides customers with unsecured and unguaranteed consumer loan services.

6. Suning Consumer Finance Co., Ltd (SuningConsumerFinance): Suning Consumer Finance was established by Suning Yunshang and other enterprises*** with the same capital, mainly to provide consumer credit services within the Suning Tesco Mall.

These consumer finance companies usually offer a variety of financial products, such as consumer loans, consumer installments, and credit card loans, to meet the needs of different consumers. When applying for a loan from a consumer finance company, consumers need to pay attention to factors such as loan interest rate, repayment period, and early repayment policy to ensure that they choose the most suitable financial product for them.