JD Finance Launches Online Cash Lending Service 'Jintiao'

TechWeb, 3/27/16

JD Finance, the online financing and retail investment platform operated by Chinese B2C e-commerce platform JD.com (Nasdaq: JD), recently launched its first online cash lending product, "Jintiao." JD Finance will use its existing big data models and credit evaluation systems to screen users, and will invite users of its Baitiao installment payment service to use the new service. Jintiao will offer cash loans of up to RMB 200,000 for a maximum term of 12 months, with interest compounded daily at no more than 0.05% per day.

The JD Finance official website provides an online introduction to the Jintiao service. Users can initiate a loan application online, link a bank card, and submit application materials which must be confirmed before a loan is received. Funds are typically deposited in the user's bank account with 15 minutes after the loan is approved.

Keywords: Internet JD.com JD JD Finance online lending installment plan financial services

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