CHINA MINI-LOAN

CHINA MINI-LOAN

CHINA SMALL LOAN CHINA MINI-LOAN CHINESE SMALL CASH LOAN FACILITY

In China, a mini-loan is by definition a short-term credit facility related to a small cash loan granted through a Chinese lending company to cover the needs of borrower who are short in terms of cash and liquidities.

In China, the mini-loan is following the objectives to satisfy the imminent financial obligations of a Chinese or foreign consumer such as paying his or her rent, or just paying small bills that are overdue.

In China, the small loan is provided by several market players with Chinese mini-loan lenders who offer little sized financing solutions that can be from 10,000 Yuan to 20,000 Yuan and repayable during a period from 1 month to 3 months.

In China, the mini-loan is usually helpful in case of cash shortfall when having to pay immediately bills, which is acceptable for certain exceptions, however we should point out the high level of applied interests rates that can be at two digit levels.