Loan Notice

Loan Notice

1. Product risks

Loans are risky and require repayment of principal and interest on time! Overdue payments will incur additional penalties and increase the burden. Please be sure to assess your repayment ability before borrowing. If you are unable to repay, please do not apply to avoid adverse effects on you due to overdue payments.

2. Fee transparency
   The fees include three aspects: interest, handling fees, and overdue fees
   Interest: daily rate 0%~0.1%
   Handling fees: daily rate 0.06%~0.49%
3. Warning of overdue consequences

1) Calculation rules for overdue fees
Including platform management fees and overdue fees
Platform management fees = principal to be repaid * 3%, only charged once
Overdue for 1-10 days, overdue fee = principal to be repaid * 1.7%/day * overdue days
Overdue for 11-20 days, overdue fee = principal to be repaid * 2.5%/day * overdue days
Overdue for more than 20 days, overdue fee = principal to be repaid * 3%/day * overdue days

2) Credit impact and recovery process
After the user is overdue, the lender will report the overdue record to the local credit system, resulting in a decrease in personal credit score, affecting future loan applications from banks or financial institutions, and may even face higher interest rates, stricter conditions or require additional guarantees. If the overdue is not repaid, the lender will first collect the debt and may transfer the debt recovery right to a third party. If the collection is ineffective, the lender can file a lawsuit through legal channels based on the contract and seek a court ruling.

4. Data usage statement

1) The data we collect may include the following:

System and application performance information
This includes logs related to system performance, application crashes, diagnostic reports, user interface behavior, and device identifiers (such as device ID or IMEI).

Third-party data sources
We may also obtain other information from external sources (such as credit reference agencies or partners) related to your transactions or credit history.

Financial and payment information
We may ask you to provide bank details, transaction history, and other financial records related to assessing your credit status and processing loan-related activities.

Device and location data
We collect technical data about your device, such as IP address, approximate geographic location, network status, advertising identifier, and access to features such as Bluetooth and calendar (if authorized).

Personally Identifiable Information
This includes your full name, gender, ID photo, facial verification data, home address, mobile phone number, and other registration data you provide directly to us.

Unique device attributes
We collect specific attributes related to your device, such as hardware serial number, battery health indicators, and other operating markers.

2) Data Sharing Instructions

With your authorization and consent, we may share the following information with partners such as Facebook, AppsFlyer, Advance, etc. for identity verification, credit assessment, loan issuance and payment settlement, repayment management and risk control, and optimization of the entire lending process:

Basic personal information: name, email address, user ID, mobile phone number
Sensitive information (only in necessary scenarios): financial status, approximate location
Device and application data: in-app activity records, application performance, device model, battery power and other identification details.