Home / Business

Innovative lenders give consumers more borrowing options

By Zhong Nan and Ren Xiaojin | China Daily | Updated: 2019-02-12 07:23

Almost everyone has a smartphone now, but not everyone can afford it.

Many Beijing suburbs are home to large communities of young migrant workers, for whom smartphones are a necessity, as they make daily life easier and evenings more enjoyable after a long working day.

But, first-tier city rent and living expenses eat away most of their salary, which is why consumer loans come in handy. For those who do not have the same purchasing power as the middle-income group, but still want expensive products - be it the latest iPhone or a formal suit for special occasions - a wide variety of loan products are emerging to lend a hand.

Innovative lenders give consumers more borrowing options

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349