Recently, Chinese larch capital to invest $25000000 on loan, personal loan market that is rapidly becoming a catalytic target risk investment. As early as last year, KPCB also teamed up with IDG and Morgan Stanley to another company letter should invest tens of millions of dollars.

 

Personal credit is also called P2P (Peer to Peer) network lending, is the use of the network platform, the funds needed to release information on loan in the platform, lenders use network platform, their money will be paid to lend the funds needed to people, both sides benefit. P2P network lending transactions, are "individual" and "individual" trading platform, web sites or provide only a transaction between platform, itself does not participate in lending.

 

The low returns of private capital is abundant and the banking system to foster private lending boom, personal credit as a new thing, is not currently known as the platform, risk control and supervision blank, let P2P net credit platform in the future there are many variables.

 

The new financial business model, whether it is for the rapid development of a healthy industry, or become speculators to fish in troubled waters of the park? It remains to be seen.

 

Why do people net loan?

 

Compared with private loans, personal loans more obvious advantages.

 

1, small unsecured lending, covering the borrower general population is low-income, existing banking system cannot cover. Low threshold, channel cost low peer-to-peer lending financial mode so that everyone can become the disseminators and users of credit, credit transactions can be very conveniently, the social idle funds better configuration, the high income groups more than idle funds reasonably to many good credit and need help low-income groups.

 

2, network lending through the network, social forces, emphasizing everyone to participate, reduces the cost and risk review, transparent than borrowing. The lender and the borrower directly signed loan contract between individuals, one on one to understand each other's identity information, credit information, timely informed Lender Borrower repayment schedule and living condition improvement, the most vivid, intuitive experience yourself for others to create value.

 

3, the borrower's loan interest rate setting their own personal website, net loan set maximum statutory restrictions on interest rates, to avoid the occurrence of usury.

 

4, net credit platform does not participate in the loan, to do the main information matching, tool support and service functions, borrowers are more likely to find capital lender.

 

5, risk dispersing lenders will funds dispersed to a plurality of the object, and provide a small amount of the loan, the risk is the best dispersion.

 

What are the participants?

 

In 2005 the first person to person in the UK (P2P) Zopa network peer-to-peer lending mode service platform. In 2006 February, American first P2P network lending platform Prosper founded. Compared with foreign well-known Grameen Bank, lending club etc.. This pattern was replicated in Chinese, there are currently ppdai, appropriate letter, peer-to-peer lending.

 

1, ppdai, was founded in 2007 August, is headquartered in Shanghai, is China first P2P credit online lending platform, and is P2P network lending industry first get a financial information service qualification of the company.

 

2, the letter should, founded in 2006, headquartered in Beijing. At present, more than 10000 employees, the establishment of a national collaborative service network in more than 60 city nationwide and more than 20 rural areas.

 

3, red hill venture, was founded in early 2009, is headquartered in Shenzhen, in the network lending platform enterprises only made joint-stock transformation of enterprises.

 

4, easy to - 365, was founded in the end of 2009, with its headquarters in Nanjing. Home for the first time in the credit rating system and micro enterprises to introduce private credit network platform. 365 sites do not pay, only as an intermediary service platform.

 

5, E speed loan, was founded in 2010 September, is headquartered in Huizhou, guangdong. By the Huizhou city speed Loan Investment Company Limited, the registered capital of 20000000 yuan. As of October 31, 2011, the website registered members have more than 5000 people, to apply for a loan of more than 100000000 30000000, has been successfully lending one hundred million yuan, the investor has already reached 10000000 yuan.

 

6, peer-to-peer lending, was founded in 2010 October, is headquartered in Beijing.

 

7, loan speed state, was founded in 2010 September, is headquartered in Hangzhou. With features of "1+3+N" service, take the customer as the center, a one-stop service for customers with a lifelong customer manager system, loan review manager, merchandising manager and more than three financial institutions at the same time for customers to provide free credit counseling, loan, loan transactions "".

 

8, you are my loan, was founded in 2011 June, is headquartered in Shanghai. Committed to providing comprehensive loan brokers and guarantee service for both lenders and borrowers, continuous improvement through the Internet platform service, ensuring income security for investors.

 

9, secure loans, from line to go online Financial Services Company. Founded in 2009, King Shun Guarantee Corporation is at ease credit operation main body, before operation ease credit, King Shun is the small business loan from Guarantee Corporation, the main management background is mainly the financial and legal.

 

According to the survey questionnaire net credit home loan investors, domestic network group is 70, after 80 as the main body of the crowd, mostly male, industry statistics to the Internet, financial and government personnel are, the amount of investment mainly concentrated in between 10000 to 500000, which between 100000 to 200000 are. Net credit investors is a kind of can bear a certain risk, more open, more radical ideas of investment, have a certain economic base of investors. P2P data display, 2011 clinch a deal the most provinces as Shanghai, Zhejiang, guangdong. Among them, on loan to the borrower (successfully borrowed) 82% male; 73% for successful borrowers under the age of 30.

 

In 2012, a number of new platform investment based investors, including large investors. This kind of investors or individual investment, or investment group, walk in between, each new platform mainly Kuaijinkuaichu speculative.

 

How to run?

 

According to the "manager" magazine, P2P personal credit transactions from the model point of view there are three main models:

 

The first category is the transaction mode line, transaction information only provides the P2P website this kind of mode, the specific transaction, transaction process by P2P credit agencies and customers face to face to complete. "The letter should" first in Wenzhou folk loan center is a typical representative of the model. In addition, to enter the field of P2P with giants identity Zendai Group under the "in E -" and the China peace under the "Lu Jin" is also this mode.

 

The second category is the guarantee of the principal of P2P website, with red hill venture in Shenzhen "and" Shanghai "the bright younger generation I loan you" as the representative. Once the loan default risk, this kind of website promised the first principal investment account. The P2P site in this mode of operation market accounted for the vast majority.

 

The third category is no guarantee of principal P2P website, Shanghai to "clap credit" as the sole representative. When the loan default risk on the loan principal, not advance. The two kind of P2P website is mainly to provide online services, web site as an intermediary platform, the borrower and the lender through its Web site, the auction transaction.

 

In the turnover of capital flow, roughly divided into several steps:

 

1, borrowing, lending platform provides a set of flow of funds management, similar payment way, users will recharge to borrowing funds in your account, and then on their own borrowing standard tender bid, after the completion of the borrower, lender, borrowing the funds deducted by success, account from the investors, into the borrower's account, the borrower to apply for withdrawal can be transferred to the bank account.

 

2, the repayment, the borrower to recharge to lending platform, the repayment repayment system function, the relevant funds will reach the investor account.

 

3, loan interest, most website claims that a minimum of 1% loan interest, loan interest and actual transactions in general 10% - 20%. According to the borrower's credit status, repayment records, assets, investors will have different, high credit users can generally to lower interest rates to borrow money.

 

4, the loan period, all lending platform is the shortest one month, at most 12 months.

 

5, repayment methods, there are two, one is the monthly repayment, the monthly also principal and interest; a quarterly repayment, the monthly interest, each quarter is a principal.

 

6, overdue penalty, each web site have their own overdue overdue penalty system, every day there will be fine for delaying payment, some sites also have reminders fees, generally impose a punitive interest is very high, it is best not to overdue. Many long overdue overdue or people who do not have, will enter the site of the black list, not from the site of borrowing.

 

What rate of return?

 

1, P2P net credit platform:

 

Pat - for example, to borrow and lend to provide lending platform, collect fees from. According to the regulations of the fund, the lender does not charge a fee, for the borrower, the loan period of 6 months (including) the following, borrowing successful charge of principal above 2%; loan period of 6 months, 4% of the principal as a fee charged.

 

2, money lenders:

 

The letter advised President Downing said, lend the money investors annual revenue of about 10%, the borrower's interest and fees differs according to the different status of the different populations and personal credit, loan interest in 10%-20%.

 

Public data shows, the polarization 2012 network lending rates, some site earnings fell to below 15%, other website income is as high as 30%, more than 40%.

 

Notable is, at present the net credit platform loan target mostly short-term borrowing in the following 6 months. While the central bank within 6 months (6 months) the loan datum interest rate is 5.6%, 4 times as much of the lending rate to 22.4%. Return is the highest level of the new platform, the platform of the real rate of return levels beyond the statutory loans benchmark interest rate 4 times, but the interest rate is the legal loan datum interest rate 4 times, other income is mainly embodied through direct bidding incentives in the form of.

 

What are the risks?

 

1, the market credit risk. In July 21, 2011, accumulated 100000 registered users, claiming to be "China most rigorous network lending platform" ha ha credit issued a closure notice. The notice says, the shortage of the September 2, 2011, the credit problem Chinese market and ha ha credit based on the operating funds, will stop all ha ha credit service which is the first P2P network lending platform has a certain scale announced closed.

 

2, net credit platform itself poorly run. Most of the net credit platform undertakes the responsibility to advance (most platform commitment, once the loan has overdue risk, will be the principal or the interest payment platform), therefore, single underlying risk will become a platform for business risk.

 

3, the regulatory blank of law. Known as the "Jiangnan young cynic who said", in the domestic and foreign alike, point blank are legal, American P2P mode of the originator, Prosper had also been regulators deemed illegal, but was later allowed to reopen, also shows that the industry will be how, are in wait-and-see.

 

4, P2P cheat. The P2P started in 06, 07 years later, had many P2P cheat capital case, in 2011 September, Baer venture events, involving 3000000, 2012 June gold credit event, involving a total of 1000000.

 

Policy direction

 

According to "entrepreneur" reports, in August this year, deputy chief Xie CIC completed a China finance forty forum topic report, analysis of the appropriate letter P2P Internet financial model, that the financing mode of P2P is a useful complement to the existing banking system, the future will become the main mode of financing, not because of this financial innovation meeting some problems in the early stage of development, will be nipped in the bud. A month later, Tianjin the Davos forum, Ma Yuhua, governor of China Merchants Bank also confirmed that P2P and other Internet credit model in the speech.

 

The CBRC is currently no specific policy, in 2011 August, the CBRC issued the "peer-to-peer lending risk warning notice", said, because the industry doorsill is low, and there is no strong?