Deep throat P2P net credit: capital pool that trap

Tencent technology Mei Tianyi July 2 reported

Another wave of P2P runway climax came, only in June there have been 6 network loan platform was burst out of way. For the brutal growth of P2P network credit industry, in the high-speed expansion, chaos.

P2P network has many years of experience in deep-throat enterprises to disclose Tencent technology, how to identify network loan platform, there are several major points, first of all, the platform can not be "pool" model, the security company not only depends on true and false, but also have to pay Capabilities, most importantly, must be rational in the face of high-yielding projects.

Funding pool model is not credible

The pool model looks beautiful. Some peer-to-peer platforms often see products labeled with a specific name that usually have a fixed interest income and promise to promise a guaranteed interest, and more importantly, many of them tell Investors can redeem unconditionally.

Nanjing P2P platform last month, a platform for Xinping P2P loan is a representative of the pool mode, the recharge method is relatively simple, only online and offline are two ways, respectively, through online and offline remittances cash into two ways Its boss Wu Bisong account.

Zhu Mingchun, the founder of Net Loan House, said that 70% -80% of the P2P platforms have taken such a mode of operation as a capital pool. Everyone JuCai CEO Xu JianWen said that the demand for lenders is generally more than 12 months, but most investors are more willing to invest from a risk perspective platform for a shorter period, so the platform in the accumulation of funds, through the short Long way to demobilization of funds mismatch funds.

On November 25 last year, the central bank made a restriction on "carrying out illegal fund-raising activities in the name of P2P online lending business". The lending platform enables lenders' funds to enter the platform's middle account and generate a pool of funds. The platforms under such models are suspected of Unlawful absorption of public deposits.

"Capital pool is actually illegal fund-raising," openly president of a lending platform in Beijing, "deep throat," Tencent Technology said that the P2P platform is basically based on the capital pool mode, many platforms for the duration of funds wrong With, by short deposit long way to earn more money. Once the follow-up investors to invest less than the outflow of funds, it will lead to the capital chain rupture.

Investors are escrowed through a third-party payment platform and the money is eventually transferred to the borrower as a pattern corresponding to the pool mode. Deep Throat said that in this model, the money is not in the hands of P2P companies, things that roll around the line will not happen, "so when the funds are transferred to the investment account is what we must pay attention, the best Through the third-party payment platform for transit. "

Secured the company more tired

Generally speaking, the P2P platform will introduce third-party guarantee agencies to gain the trust of borrowers. However, many P2P-advertised "guarantee companies" are not "one-family" relationships with their own platforms and are purely non-existent enterprises. When the platform encounters difficulties or goes bankrupt, the guarantee company can not play the role of guarantee at all, which makes many investors lose everything.

Even if the real guarantee companies are also facing the haze, this year, Sichuan Province, there are 12 guarantee companies canceled due to unqualified, 23 security companies need rectification; Guangdong has more than 30 security companies withdrew from the financing guarantee market; Urumqi Public Security Department has sealed nearly 90 investment guarantee company.

With the continuous advancement of Internet finance, the continuous expansion of the private financing market and the mushrooming of non-governmental financial institutions inevitably bring about mixed development. Poorly qualified P2P platforms opted for smaller guarantee companies with relatively lower rates, and as the bad debt ratios of these platforms increased, they were forced to go bankrupt and collapse when the guarantee company broke the funding chain and could no longer compensate investors Quit the market, but this time, the risk is still being passed on to investors.

"Most closed-down guarantee companies are not reluctant to repay their loans but can not afford to repay them." Deep Throat said that chasing the entire guarantee chain, whether it is secured funds or lending funds, mostly comes from private lending. Once the capital chain breaks down, Bankruptcy is almost the only option.

In his opinion, the reliability of the guarantee company needs to be reviewed. Only guarantee of the guarantee company can not be eliminated or even avoided. Investors can not assume that a guarantee company will be able to recover principal and interest guarantee. Strengthening the audit of guarantee companies can not be ignored.

In addition, the deep throat also recommends that investors try to choose some reputable borrowers when they choose investment projects in the P2P platform. If it is a corporate loan, the risk is even less than that of personal borrowings.

Be wary of high returns

Do not be obsessed with high-yield, high-yield also means high risk, no matter how safe and reliable the other described.

Deep throat introduction, currently in the Beijing market, access to the general average annual mortgage interest rates around 20% -24%, planing the middle of the communication costs, security companies will generally take away 2-3 percentage points, while the P2P platform will extract 3% Of the management fee, so according to the time and the number of different projects, 10% -15% annual interest rate is more reasonable.

"Putting aside the operating costs of the platform and the borrower's financing costs do not say that the high interest rate itself is also a legal risk." A Shenzhen-based microfinance company said that the interest rate of the net loan should be in line with the central bank's "loan interest rate does not exceed the bank 4 times the benchmark lending rate over the same period "requirement.

"If the platform's interest rate is too high, then be on guard," he said. Some platforms that do not use or use fake guarantors can gain more profit for investors, but they simply can not test security.

At the same time, investors should also be soberly aware that the higher the interest they get, the higher the interest rate of the outward loan of the online loan platform will be. "One possibility is that the platform does the unsecured loan Interest rates are high, but at the same time the probability of a bad debt and a bankruptcy of the platform will increase, and risk and return will always be proportional. "