Does Huanbei charge the processing fee first? Why does Huanbei charge the processing fee first?

We all know that there are various loan apps on the Internet, and Huanbei is a very popular one among them. It is mainly aimed at credit card business and is very popular among young people. Many people are using Huanbei. So does Huanbei charge a processing fee? Let's take a closer look below!

Do you charge a processing fee?

Generally, a processing fee is required.

The interest rate is lower than that of banks, but they charge service fees. I registered two today, one for cash loans. Borrowing 2,000, I have to pay back 2,180 after one month, with a monthly interest rate of more than 9 yuan. Another cash white card, borrowing 1,000 for 14 days, 100 service fee, more than 2 yuan interest, 990 in hand, and 1,100 in repayment after 14 days. The interest rate for half a month is 11 points, maybe the amount is better, your cost can be spread lower, but I just registered, and 1,000 for half a month is the maximum amount. So, small loans can only be used for short-term turnover of personal funds in a very urgent manner, but if you can borrow money from friends, try not to use this platform. If you use it for investment, find a large loan channel with an annual interest rate of about 12 points. It is possible to find it if you have a credit foundation.

Is Huanbei reliable?

It is not easy to answer the question of whether Huanbei is a reliable app. Everyone has different opinions on the word reliable. Just like talking about people, some people think that people who keep their promises are reliable, some people think that people who are willing to help themselves are reliable, and some people think that people are reliable just by listening to them talk. The same is true for Huanbei. There is really no standard for the word reliable, and I can't give a specific answer.

Which company is it from?

Huanbei is jointly operated by licensed financial institution Chongqing Focus Microfinance Company and Shanghai Shuhe, with Shuhe responsible for technology and operations and Focus responsible for capital. In the field of credit card repayment, it is even stronger than Alipay's endorsement.

As a microfinance company under Focus Media, it has strong capital and recently received US$70 million in financing from Sina. Strong capital brings sufficient credibility, which means peace of mind and reliability for users. Obviously, a platform under a large enterprise is definitely more reliable than a platform of a small enterprise.

Huanbei user experience effect

As a user who has used Huanbei several times, I can share my experience with the questioner. The reason I used Huanbei was because I suddenly lost my job, which resulted in two months without income. I was a person who lived paycheck to paycheck and did not have much savings on hand. Therefore, in those two months, I could not pay off my credit card debt on time. It was at this time that I came into contact with Huanbei. What attracted me most about Huanbei at the time was that they claimed that the handling fee for credit card bill installments was only 50% of the bank's credit card bill installment. After all, when you are at a stage with no income, you can save a little bit.

In the actual use process, I found that the handling fee is not as low as Huanbei claimed at the beginning, although it is still lower than the bank's handling fee. Regarding this issue, I consulted the customer service for a long time. Speaking of this, I have to complain about Huanbei's customer service. I can only contact them on WeChat, and there is not even a phone call, but the customer service attitude is still very good. After repeated communication, I learned that Huanbei's handling fee mechanism is actually based on the user's credit. The better the credit, the lower the handling fee. Recently, I found that Huanbei's official website no longer has this saying. Maybe there are too many people who have questions about the handling fee like me.

This sentence is used to replace 50% to allow people with better credit to enjoy lower interest rates.

Back to the point, the borrowing and repayment process is very convenient. I did not encounter any problems in the whole process. The actual handling fee is indeed the same as what was said before the loan, and there is no random charge. From this perspective, I personally think that Huanbei is still reliable. Moreover, during my use of Huanbei, I did not receive any loan sales calls, nor did I encounter any problems with fund security.

I have to say that Huanbei really helped me when I was in trouble, and I am very grateful to Huanbei. Of course, this is just my personal experience and opinion. Whether Huanbei is good or not, and whether it is suitable for you, you still need to download it yourself to find out.