How does WeChat borrow money?

The way to borrow money from WeChat is:

1, apply for a small loan. Micro-loan is a loan product of Tencent, with a maximum loan of 300,000 yuan, daily interest, repayment at any time, and no penalty interest, but it can only be used by invitation.

2. Products of third-party lending institutions. Users can follow the official WeChat accounts of other lending institutions on WeChat, and then apply for loans. For example, pay attention to the official WeChat account "Call for a good term loan" and click "Loan repayment"-"I want to borrow" after entering. Zhaolian Good Term Loan is a loan product of Zhaolian Finance, which was founded by China Merchants Bank and China Unicom. It is a formal loan product.

Loans are also divided into long-term loans and short-term loans.

Long-term loans refer to loans borrowed by enterprises from banks or other financial institutions with a term of more than one year (excluding one year). The long-term loans of joint-stock enterprises in China are mainly long-term loans borrowed from financial institutions, such as loans obtained from professional banks and commercial banks; In addition, it also includes funds borrowed from finance companies, investment companies and other financial enterprises.

A new Internet "P2P" model, that is, using the Internet as a platform to match the transactions between borrowers (peers) and individual investors (peers), investors are optimistic about the project and lend money to people in need. The advantages of Internet P2P model are "fast, efficient, and not limited by region". In recent years, the "lightning borrowing" mode of mobile Internet and WeChat has gradually become popular, and the mobile Internet has more efficient and convenient attributes, which has brought a brand-new operation mode to traditional borrowing.