Analysis Of The Loan Model Of The Digging Company

Under the "Internet + finance" development,the P2P as the representative of the small loans growing quickly,but the online P2P platform still faced by a lot of credit and other obstacles,WaCai as an Internet finance company,KuaiDai is the company's most important type of loan business,the loan model is different from the traditional commercial bank loan model.In this paper,using the practical analysis and comparative analysis of the method,through the analysis and comparison of the two types of loans,this paper found that the fundamental difference is that "good people and non-good people" assumption,the traditional loan business often need the strict qualification approval or even some collateral,"good people" is generally not a breach of contract;and WaCai company's loan business does not need to meet the "good" assumption,only need to provide person and relatives of the relevant information and contact information can be quickly get loans,whether it is "good people" or "non-good people" do not have to provide collateral.If there is a loan situation,the reputation of the person goanna be lost as the cost of default.In February 2017,the balance of the loan business was 1.05 billion and the non-performing loan ratio was2.3%,which was much lower than that of the bank in 4%.Through the research on the loan business of the WaCai company,it is found that the credit line mainly comes from the lender's historical credit data and Internet behavior data,the non-performing loan ratio is controlled by the personal reputation theory.As an online small-loan platform,while providing more convenient business,it should pay attention to the safety of online platforms to strengthen the daily maintenance.Take full advantage of the cloud data and credit database advantage,fully use the customer's credit records to minimize the loan default.