DIANRONG LAUNCHES NEW PRODUCT AS NEW POLICIES TO ENCOURAGE SMALL LOANS COMES INTO FORCESeptember 28, 2016
On 26 September, Dianrong announced that it has developed a new financial product for dentistry. Since last year, Dianrong has been looking at financial concerns within specific sectors such as dentistry, cosmetic surgery and luxury cars, among others, and plans to launch further specialist products in the near future.
Malo Clinic and Malong Group are the most well-established major health care groups in Shanghai, and both have now entered into partnerships with Dianrong.
Malo Clinic, the premiere dental institution in Shanghai, and Dianrong reached a strategic agreement whereby payments can be made by patients in installments.
At present, Dianrong’s partnership with Malong offers two packages: one provides funds for orthodontic treatment while the other supports patients needing implants. The down payment is only 880 RMB.
Consumers can choose from different loan options and applications are made entirely online through WeChat by completing an online form. Dianrong then conducts an audit to approve the loan.
Dianrong has a team of over 400 specialists to ensure the process is quick, easy and straight-forward.
As new P2P policies come into force, online financial platforms will generate a lot more interest. In 2015, Chinese consumer credit levels reached RMB 1.9 trillion, up 23.3% on the previous year and could reach RMB 2.3 trillion in 2016.