Bank offers consumer loans to Taiwan compatriots
The first online consumer credit loan for Taiwan people was offered in the finance market recently, to help compatriots get loans quickly and conveniently.
People from Taiwan don't need to visit a bank to get a loan. Instead, they can apply via mobile phone, with same-day approval, said Fan Chiang-feng, the first user of the platform, who lives in Xiamen, Fujian province.
Fan, who is also deputy director of the Xiamen Taiwan Compatriots Investment Enterprises Association, said the product will help many young people from Taiwan.
Taiwan people may need a loan when renovating a home, buying a car, traveling, or for education and marriage in the Chinese mainland. Without a mortgage, many currently have difficulty getting a loan.
Xiamen Bank evaluates applicants' personal credit, repayment ability and other information to approve applicants. Credit loans can reach up to 300,000 yuan ($41,000).
- China to launch new-generation crewed spaceship in 2026
- China's top political advisory body concludes standing committee session
- China to celebrate the 160th birth anniversary of Sun Yat-sen
- PLA says Philippines' South China Sea 'joint patrol' undermines regional peace, stability
- Experts call China's next five-year plan a critical period for reforms
- Cheng Li-wun assumes leadership of Kuomintang































