Which one is better, Youqianhua or 360 IOU?

Recently a friend asked me which one is better, Youqianhua or 360 Loan. There are countless online lending platforms. If you don’t choose the right one or don’t understand it well, you may fall into the trap of online loans. So which one is better, Youqianhua or 360 IOU? Let’s follow Feng Chao from Dongguan to find out more!

Which one is better, Youqianhua or 360 IOU?

Youqianhua was originally named Baidu Youqianhua and was officially renamed Youqianhua in 2018. It is a financial lending service brand under Baidu Du Xiaoman Finance. 360 Loans is a lending platform launched by the Internet company Qihoo 360. Judging from their backgrounds, Youqianhua and 360 Daidai are both backed by large companies.

But Youqianhua, Jiebei under Alibaba, and Wechat Loan under Tencent are all lending platforms under BAT. 360 Loan does not belong to BAT or TMD.

As both are large companies, Youqianhua and 360 Loans have similar risk control levels. Youqianhua is directly connected to the credit reporting system of the central bank and has its own big database to supplement the central bank's data.

In addition, Du Xiaoman Finance applies its industry-leading technology to every aspect of lending, which not only increases the risk differentiation of customers to 13%, but also enables extremely fast lending, which takes only 3 minutes at most.

360 Loan is based on the big data support of 360 Group. It can build user portraits through technical means to give users corresponding credit limits. Biometric technology is used for user review during registration to further improve risk control capabilities.

There are some subtle differences in the application requirements between Youqianhua and 360daiqian, but the overall difference is not big. Youqianhua requires a second-generation ID card and has age requirements, requiring the borrower to be between 18 and 55 years old.

On this basis, 360 Loan has further clarified the requirement that borrowers must use mainland resident ID cards. Compatriots from Hong Kong, Macau and Taiwan cannot apply for 360 Loan. Borrowers are also required to have a good credit record with the central bank and must not have any serious bad loan records within five years. Those who have been listed on the list of dishonest persons by the court are not eligible to borrow.