What is Baidu’s loan platform called? How about Baidu Youqianhua?

1. Platform background

Youqianhua is a lending platform launched by Duxiaoman Finance. Duxiaoman Finance was formerly Baidu Finance. Backed by a licensed institution like Baidu, Youqianhua's loan products are relatively more credible.

2. Source of Funds

Youqianhua works with licensed financial institutions such as banks and consumer finance companies to provide services to borrowers. The source of funds is authoritative and professional. The password will be reviewed every time a loan is made, and the loan can only be put into a bank card under the borrower's name.

3. Loan interest rate

Youqianhua’s lowest daily interest rate for loans is 0.02%, which translates to an annual interest rate of 7.3%. The interest rate complies with national laws and regulations. After a payment is overdue, only 1.5 times the loan interest rate will be charged as overdue penalty interest.

4. Loan requirements

To apply for a loan from Youqianhua, applicants must be between 18 and 55 years old. The application only requires the borrower's second-generation ID card and bank card. The approval process can be as fast as 30 seconds, and the loan can be disbursed in as fast as 3 minutes.
Youqianhua loans can be repaid in advance, and the credit limit can be restored after repayment. As long as the loan requirements are met, you can borrow money in a revolving manner.