What is Yixin Business Loan? Yixin Business Loan Review, Features

CreditEase Business Loan is designed to help e-commerce sellers solve funding problems. Money can be in your hands in as fast as 8 minutes and in just three steps.

About CreditEase Business Loan

Shangtongdai is a financial technology platform under CreditEase Puhui that provides real-time online credit services to small and micro enterprises. Based on CreditEase's big data technology and industry-leading financial capabilities, Shangtongdai has always taken it as its mission to provide innovative inclusive financial services to small and micro enterprises, using the power of technology to empower small and micro enterprises with financing and help them develop and win business opportunities.

Products and Services

• In response to users' different financial service needs, Shangtongdai has integrated a variety of loan products for users to choose from, including 1-4 period interest-first-principal-later products, which means that only interest is repaid each month, and users repay the principal when the loan matures. This product mainly serves short-term turnover users and meets their needs for fast and flexible capital turnover.
• The 6-12-period equal principal and interest product means that users repay the principal and interest in equal amounts every month. The monthly interest is calculated based on the remaining loan principal at the beginning of the month and is settled monthly. This product serves users who need long-term turnover, reduces monthly repayment pressure, and meets their steadily growing needs.

Features

1. Low threshold

All users engaged in e-commerce can use it. Online business data that is not adopted in the traditional banking system can be used as a credit standard, covering small and medium-sized sellers that are not covered by the traditional banking system.

2. Simple procedures

From application and review to loan issuance and repayment, all processes are done online, and you only need your ID card to apply. You do not need credit materials in the traditional financial system, such as real estate certificates, business licenses, and credit reports from the People's Bank of China.

3. Low interest rates

Shangtongdai is aimed at solving the capital turnover problem of e-commerce people and promoting their growth and development. It has certain public welfare and great social benefits. Shangtongdai has launched a loan product with a minimum monthly fee of 1.2 to provide financial services for e-commerce people.

4. Fast

Using big data credit investigation, real-time credit can be granted, with loans being issued in as little as one working day, helping users solve financial problems quickly.

5. Openness

Multi-platform joint credit, covering eBay, Amazon, Taobao, Tmall and other platforms. Through the accumulation of multi-platform operating data, e-commerce sellers can obtain more real and comprehensive financial support, with the maximum amount reaching 2 million yuan.

6. Openness and transparency

Relying on the Internet platform, unlike private lending, it is open and transparent.

Target customers

It is an invitation-only business and only Chinese sellers who have received product invitations from SELLER CENTRA can apply.

Pricing Information

Designed to solve funding problems for e-commerce sellers.

Development History

-In September 2014, CreditEase Business Loan was launched.

-In October 2015, CreditEase Business Loan’s monthly loan amount exceeded RMB 100 million for the first time.

-In November 2015, CreditEase Business Loan won the "Best Big Data Application Innovation Award" at the Lujiazui Financial Innovation Global Summit.

-In December 2015, CreditEase Shangtongdai injected financial capabilities into Amazon and won the "2015 Friendly Partner Award".

-In December 2015, CreditEase Shangtongdai held its first brand launch conference at the Second World Internet Conference.

-In April 2016, CreditEase Business Loan made its debut at the LendIt Summit in San Francisco, USA.

-In November 2016, CreditEase Shangtong Loan and Chanjet opened a new chapter of "data loans" for small and micro enterprises.

-In December 2016, CreditEase Business Loan won the "2016 China Fintech Pioneer Enterprise Award" at the 4th Inclusive Finance Forum.

-In June 2017, CreditEase Business Loan won the "2017 China Financial Big Data Risk Control Application Pioneer Award".

-In December 2017, CreditEase Business Loan was awarded the "2017 Internet Financial Service Platform Award" at the 2017 21st Century New Financial Development Summit.

-In May 2018, CreditEase Business Loan won the Asian Banker's "2018 China's Best API Product Project" award.