"I didn't expect that through the company's flow and tax data in the bank, I can handle the loan. It only takes four days from application to approval. Thank you for sending me the timely rain." Recently, Mr. Wang, a small and medium-sized enterprise owner in Shanghai, said. Whether it is the "Shanghai Bank Tax interactive platform" that benefits him, or scenes such as upstream and downstream of core enterprises in the supply chain and e-commerce platforms, commercial banks in Shanghai are increasingly actively using new concepts, methods and tools of digital operation to improve the capacity of new business forms and new customers of financial services, and enable small, medium-sized and micro enterprises to increase financing, improve quality and efficiency through scientific and technological means.
Using non credit information to "accurately portray" small and micro enterprises
Last year, the people's Bank of China issued a document encouraging banks to cooperate with local credit investigation platforms, financing service platforms and third-party credit investigation institutions to comprehensively evaluate the credit level of small, medium-sized and micro enterprises and improve the proportion of credit loans by using non credit information such as taxation, industry and Commerce and transaction settlement in the bank.
It is reported that Shanghai Bank Tax interactive information service platform (hereinafter referred to as "bank tax interaction") has been online as early as 2017. It is the first pure public welfare platform based on serving small and micro enterprises under the joint guidance of bank regulators and local tax departments and undertaken by banking associations in China. According to the latest data, 61 financial institutions have settled on the platform and granted nearly 50 billion yuan of credit to more than 34000 enterprises.
Mr. Wang's enterprise is a typical asset light enterprise. Recently, there is a demand for loans. Previously, the enterprise had never applied for a loan in the bank and only had daily settlement business in China Merchants Bank Shanghai Branch. It coincides with the launch of the "settlement flow loan" business by China Merchants Bank, which fully relies on the bank tax interactive platform, does not need mortgage, and approves the credit line based on the enterprise's daily settlement data and tax data, up to 2 million yuan; Enterprises apply for self-service online, which is convenient to operate; CMB provides offline docking service team, automatic approval, and loan can be made within one week at the fastest. After understanding the characteristics of the product, Mr. Wang decided to try it. The account manager of China Merchants Bank helped Mr. Wang apply online. After the system preliminarily measured the pre credit line of the enterprise, the processes such as "door-to-door adjustment", one click registration, online personal credit inquiry, enterprise rating, system approval and auxiliary enterprise signing and effectiveness will be completed within 4 working days.
Shanghai Pudong Development Bank Shanghai Branch's "online bank tax loan" is also a small and micro enterprise credit loan product that takes the tax related data of small and micro enterprises as the main credit basis to realize online application, online approval and online issuance. A small and micro enterprise specializing in the import of laboratory consumables and scientific instruments requires "short, frequent and urgent" capital withdrawal due to its light assets and no effective collateral. At the same time, it hopes to reduce the financing cost as much as possible. Therefore, after contacting many financial institutions, they failed to get the loan support they wanted. Shanghai Pudong Development Bank Shanghai Branch immediately recommended "online bank tax loan", a credit product with pure credit, low interest rate, fast approval, on the whole line and with borrowing, for the enterprise after learning about its needs. After the enterprise submitted an application and calculated the amount on the "bank tax interaction" platform, Shanghai Pudong Development Bank quickly opened an account for it and conducted online approval, which completed all processes in a very short time and solved its urgent need.