How to conduct a site visit to a P2P car loan platform

Mutual Win Finance answers for you.

On-site inspections of P2P auto loan platforms suggest that surprise inspections be adopted, rather than notifying the platform in advance to make an appointment, first of all, to prevent the fraud and temporary behavior of the receipts in advance, which can show the platform's business proficiency and emergency handling capabilities; The investigation should have an attitude, break the casserole to ask the end, solve the doubts in your heart, and it is best to restore the entire process of the car loan business, including post-loan disposal.

Contract information: car or license, how the vehicle is evaluated, vehicle registration certificate and driving license.

Proof of fund flow, vehicle mortgage procedures, transfer vouchers, interest on returns, and principal of returns.

Whether there is interest delay, bad debts, etc.

As long as the original process of several vehicles is randomly queried in a row, you can basically figure out whether the business is authentic.

2. The cars in custody can look at the garage and the number of cars in the garage.

3. Check the relevant procedures.

View the original of the loan IOU. Whether there are fingerprints, whether there are transfers, etc.

ID card, car keys, whether there is an insurance policy and proof of repayment.

Loan items: 1. Loan term: The value of the car changes over time.

It is not advisable to borrow for too long, because the value of the vehicle depreciates quickly, especially if you have just bought a new car. If it is a used car that is 2-5 years old, it will generally not fluctuate too much. The term is 2-3 months.

If you need to renew your loan, you will need to reassess the value of your vehicle.

2. Loan amount: car loans are generally small, between tens of thousands and hundreds of thousands, the amount of car loans is small but the amount is large, if the business done by the platform is Mercedes-Benz, Porsche, BMW, Shamalati and other cars, then we must pay attention to the fact that the moisture and cat greasy in it are very large, usually the platform is made of some common low-end cars, Volkswagen, Audi, Honda, Toyota and other cars.

3. Cases of collection. You can ask the boss about his time and experience, if he has been in the industry for a long time, there will generally be overdue or bad debts. Ask how they solved it.

If they say no, they're definitely bragging. If so, you can ask them about the channel and method of monetizing the vehicle, the time, etc.

The above introduction is only a branch of the car loan platform investigation, field investigation is a university question, see the right is a road, see the wrong is a pit. Look more and ask more, investigate comprehensively and emphatically, and make a clear decision before making a move. As the saying goes, the road is one foot high, the magic is one foot high, maybe the field trip is not 100% sure of the safety of the platform, but at least it can give you a reference in your heart.

Which car loan platform are you going to look at?

1. The risk control team of the P2P platform. You can look at the past experience or qualifications of the risk control team, whether it has really engaged in private lending or lending, and whether it has rich experience;

2. Whether the platform has a strict and systematic lending review process. Specifically, you can refer to the mortgage loan to check the loan information, borrower information, loan purpose, repayment willingness, repayment ability, etc., and if necessary, you can conduct an on-site return visit to the borrower to check the payment record to ensure the authenticity of the loan;

3. The financial flow of the platform. You can generally understand whether the actual operation of the platform is insolvent, or in a state of loss, or a state of slight profit;

4. In addition, you can also see what the bad debt rate of this platform is. If you can see the bad debt rate, it is directly a reflection of the platform's risk control ability.

Go to a third-party platform to learn about mutual loans.

Look at the company, look at the management, whether they are experts in the field of financial management or related fields to see the company's risk control, which is very important for investment, related to whether your money can come back to see the company's establishment years, generally the longer the better, so that his management and risk control are relatively mature and perfect to see whether the financial manager is professional and high-quality.

It is recommended to go to a bank or a formal institution to handle it, and do not easily trust the online platform.

As we all know, the state has become more and more strict in the supervision of the auto loan business, resulting in a wave of liquidation in the industry. In this case, some people say that the car loan business is not working, but in fact, as long as it can comply with the regulations and solve its own overdue problems, auto finance will have a great future. So how does the P2P car loan business meet the challenges and what should be done?

A common pattern for car loans

There are three common models of car loans, auto credit loans, auto pledge loans, and auto mortgage loans.

Auto Line of Credit:

This model does not require the borrower to pledge or mortgage the car, the platform will only review the condition of the borrower's vehicle and then release the loan;

Car Mortgage Loans:

The borrower mortgages the vehicle to the platform for borrowing, and repays the principal and interest when due, or the interest before the principal, and generally installs GPS tracking;

Car Pledge Loan:

The borrower pledges the vehicle to the platform, and the platform determines the amount of the bid according to the value of the vehicle and other information of the borrower.

If it is mortgaged, the vehicle is still in the hands of the mortgagor, and if it is a pledge, the vehicle is on the platform. So from a security point of view, staking mortgage car credit.

Vehicle discount pledge is not suitable for P2P business].

While staking is the safest, it's not suitable for P2P, why is that?

In general, the value of the vehicle will depreciate, and the amount assessed by the platform is often 70% of the vehicle**. If the borrower has good credit and there is no problem with the vehicle itself, the borrower hopes to reduce the borrowing interest rate through pledge, but the interest rate of the P2P platform is very high and cannot meet the borrower's requirements at all.

Vehicle credit loans and mortgage loans are more suitable for P2P].

The essence of an auto credit loan is a credit loan, and the asset of the car is only used to enhance credit, and the interest rate may be a little lower than that of a pure credit loan; Car mortgage loans have a higher interest rate than pledge loans, the platform is profitable, and there is more protection than credit loans, because GPS will be installed on the vehicle, and once the borrower is discredited, the car can be towed away and sold according to the positioning. However, vehicle mortgage loans are risky under the new supervision, because violent collection and forced towing are prohibited, so the only way out for mortgage loans is to rely on their own risk control capabilities to identify more high-quality borrowers.

Example: Micro Loan Network].

As the leader of the auto loan industry, the asset side of the micro-loan network is mainly deployed in the upstream and downstream industries with vehicle mortgage loans and auto finance as the core, including credit products such as multi-meter loans and car owner loans, and its prospects are undoubtedly very broad.

Its founder Yao Hong said that it is necessary to grasp both people and cars, and pay attention to the credit investigation of car owners, we randomly selected a Cadillac CT6 mortgage target, loan number: 6062323, and found that its inspection items are relatively complete, and the risk control procedures are relatively complete. But to be fair, its information disclosure is not very good, lenders only see text information, can not see the first information, in this regard, the micro-loan network also needs to be improved.

Not very safe. This industry has been looking for customers from the beginning, and it has developed into customers taking the initiative to find companies, and now they are competing for customers. The reason is that the industry is easy to operate and the model is highly reproducible.

It's easy to get big at the beginning, but now there are too many players entering the market from the blue ocean to the red ocean. As a result, the risk of loan fraud has intensified, and even an industrial chain has been formed. Everyone knows that even if the borrower can't borrow money from this platform, other platforms can always borrow it.

It's safe for sure. Because the car loan P2P platform is subject to national financial monitoring, it is safe enough.

I don't think such a platform is very safe and a huge threat to your own funds.

Guangzhou Wanhui, Chen Baoguo, Hu Xin, Hou Lizhi severely punished and investigated! Celebrity endorsements are false publicity, and of course the endorsement fee must be spit out. Zhang Fengyi, the spokesperson of Guangzhou Wanhui PPMNOY, made false propaganda for PPMONY, what is 100% guaranteed principal and interest, performance compensation, steady profit and so on.

Can now ppmony to lenders.

Discount** let the lender get off the car at a loss. Shouldn't celebrities who do false propaganda be responsible? ppmony pays me back my hard-earned money!!

There are a few simple ways to identify:

4. Background of the company's boss and composition of employees. P2P platforms actually have very high requirements at both ends of finance and the Internet, so a mature P2P company must have talents in both aspects, both of which are indispensable.

There's nothing to look at, it's all about luck.

First, as a practitioner, the first thing to consider is the strategic positioning of the platform, that is, to determine the development direction of the platform itself based on the position of the P2P industry in the financial system.

Second, car loans are small-amount and standardized, which is conducive to the sustainable development of the platform.

Third, from the perspective of asset risk, the risk of auto loan business is generally lower than that of microfinance or other large-amount corporate borrowing business.

Fourth, from the perspective of the borrowers of the auto loan business themselves, the car owner group has more abundant financial needs than the customers of microfinance, which is conducive to the continuous exploration of high-quality customers by the platform.