Not a Traditional Lending App
CreditLoop is not a traditional lending app, but a financial tool centered on credit limit assessment. We use a big data risk control model to comprehensively analyze a user's identity information, consumption behavior, and historical credit records to assess the user's credit value and provide an available credit limit.
Unlike traditional loan apps, CreditLoop does not require users to borrow money from the outset. After completing the credit assessment and obtaining a credit limit, no fees are incurred if the user does not withdraw or use the funds. This is equivalent to reserving readily available backup funds for the user, rather than forcing debt.
Interest is only charged when the user chooses to withdraw and use the credit limit according to their needs. This "assess first, use later, pay as needed" model provides users with greater flexibility and security.
