Haodai, a credit product searching engine, launched a service account on WeChat platform to provide one-click loan service to users (report in Chinse).

The users reportedly cost only 15 seconds to submit a loan application by inputting name, phone number and loan amount on WeChat platform. Consultants from Haodai will then contact the customers to get deeper understanding of their demands and draft custom loan plans for free.

Screenshot of Haodai

The company has received applications from thousands of customers since the launch of this service in early October and the loan amount reached more than 100 million yuan ($16.33 million), according to the company. This service will save the time customers wasted in finding appropriate banks.

Haodai has established cooperation with over 3,000 credit institutions across more than 70 cities countrywide, offering thousands of credit products.

Emma Lee

Emma Lee (Li Xin) was TechNode's e-commerce and new retail reporter until June 2022, when she moved to Sixth Tone to cover technology and consumption. Get in touch with her via lixin@sixthtone.com or Twitter.

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