Linghe-Deputy Editor: Hello netizens! Today we have an exclusive interview with Mr. Yang Chao, the director of Edai.com ( http://www.edai.com ). This is the exclusive interview room for the China e-commerce webmaster of Linghe Information. The great value of the Internet lies in commercial applications. E-commerce has developed by leaps and bounds in China in the past decade. The market has been very hot in the past two years, and a large number of new e-commerce websites have emerged with various business models and transaction types. Everything is included. Therefore, we also hope that through the platform of Linghe Information, we can give everyone an opportunity to display as a whole and develop the entire e-commerce market.
Hello Mr. Yang, today I am conducting an exclusive interview with you on behalf of Linghe Information. I hope the cooperation will be pleasant. First, please introduce yourself and your website. Netizens who have questions can continue to ask Director Yang questions after completion. Thank you all.
Yidai.com-COO-Yang Chao: Hello host! Hello netizens! Let’s talk about the website first. Before introducing the website, I would like to ask the host: If you want to buy food, are you going to the vegetable market? When buying clothes, do you go to the mall?
Linghe-Deputy Editor: When buying food, you must go to the wet market, but when buying clothes, most of them are bought online, which is also done in online malls.
Yidai.com-COO-Yang Chao: Yes, you can go to Taobao or other malls. So where would you go if you needed a loan?
Zero Sum - Deputy Editor: Bank.
Yidai.com-COO-Yang Chao: Like you, most people think of going to the bank. But if you really want to go to the bank for a loan, you will face the following problems:
1. You don’t know which bank to go to for a loan.
China currently has nearly 200 banks, large and small, and the market is opening up rapidly. Foreign banks will enter China in large numbers, so it is difficult for you to choose which bank is better.
2. You don’t know which loan product to choose.
Hundreds of banks have thousands of loan products, and different loan products have different requirements for users. You don’t know which product is more suitable for you and saves more interest, cost and time.
3. Waste a lot of time
For example, real estate mortgage loans involve many departments, such as banks, housing bureaus, notary offices, appraisal companies, civil affairs bureaus, and even law firms, accounting firms, etc. If you have to do everything yourself, think about it. How long does it take?
Even if you choose a certain product, your conditions may not meet the bank's requirements and you will have to choose again.
Loans are no better than buying groceries or clothes:
First, most people don’t know how to get a loan.
Second, you don’t need a loan at any time, but only consider it when you really need money. It would be a waste of time to research thousands of loan products by yourself. Based on the above reasons, what problems can we see? China currently lacks such a platform. When people need loans, they don’t know where to go for consultation.
For example, if we want to shop, we go to Taobao; if we want to travel, we go to Ctrip; if we want a loan, Chinese people really don’t know where to go. This is the mission of Yidai.com, which uses thousands of loan practitioners across the country to help loan seekers solve their problems.
Linghe-Deputy Editor: I really don’t know how to get a loan, so Yidai.com shouldn’t just be a loan consultation platform, right?
Yidai.com-COO-Yang Chao: For loan seekers, it is a consulting platform. But for the provider, he is also gaining customers while helping the consultant solve the problem.
Zero Sum-Deputy Editor: Aren’t all loan providers banks? Moreover, loan profits are a large source of bank income.
Yidai.com-COO-Yang Chao: What banks really need are big customers, such as those who need loans in the millions or more. But for most demanders, they often only need hundreds of thousands or tens of thousands. Small loan banks also do it, but they package these businesses to third-party institutions, such as guarantee companies, loan intermediaries, etc.
For example, if you go to buy a house now and the bank says it needs a guarantee company, it will transfer your business to the guarantee company. Because you can’t borrow much money to buy a house, and the guarantee company and the bank are mutually beneficial. Why?
1. The guarantee company can collect guarantee fees;
2. Guarantee companies can act as guarantees, thereby reducing bank risks;
Financial News-Editor-Xiaoying: Aren’t many private loan companies illegal? How to distinguish this from the so-called intermediary?
Yidai.com-COO-Yang Chao: This thing has actually always been in a legal gray area. The reason why private lending can exist is because it has a market. Why is there a market? Because banks cannot meet the needs of some people. Why can't the demand be met? For example, I need 50,000 yuan for an emergency today. It may be for business or illness, but generally it takes half a month from bank application to mortgage loan. Private capital can get money as soon as the same day.
Zero Sum - Deputy Editor: What is the country’s attitude towards this? It can indeed provide emergency relief, which is very convenient for ordinary people.
Yidai.com-COO-Yang Chao: The state's attitude is still gradually regulating, because private capital plays a big role in market funds, and the state cannot ban it. At the same time, we must find ways to regulate him. That's what a market economy is.
Linghe-Deputy Editor: Just now, some netizens mentioned the problem of some people being cheated. Can Yidai.com solve this problem?
Yidai.com-COO-Yang Chao: In fact, scammers exist in all walks of life. Taobao is so big, but there are still scammers. We can only find ways to compress the activity space of scammers as much as possible. For example, users are reminded at any time, reviewed by professional auditors, and reported by users.
There are formal small loan companies, consumer finance companies and guarantee companies everywhere. They are all allowed and encouraged by the government.
Of course, some people are fishing in troubled waters. Nowadays, advertisements about the supply of funds are flying all over the place. Lenders don’t know which ones are real and which ones are fake, which ones have good services and which ones are more professional.
Therefore, we introduce loan industry practitioners across the country to the Yidai platform, use their professional knowledge and resources, and combine the interactive characteristics of the Internet to solve financing problems in a timely manner for loan demanders.
Thanks to cruzzhao for your contribution