Research On Index Control Of Small Cash Loan With X Company As An Example

In the past two years,consumer upgrades and consumer finance have become more and more popular in the lives of the masses,and various kinds of funds and loan products are flooding around us,including credit card installments,installment purchases,P2 P financing,etc.,and various advertisements are overwhelming.Presumably everyone is no stranger.As a leader among them,petty cash loan products have a high market share in a relatively short period of time and have achieved great development.At the same time,flexible repayment methods and high recurring lending rates are also given to low-income people.The lifestyle has brought great convenience,but due to the rapid expansion,it has led to some unhealthy social problems,which has caused such products to be mixed.How to develop the small cash loan business has also caused great social controversy.In response to this situation,on December 1,2017,the Notice on Standardizing the Reorganization of Cash Loan Business issued by the Office of the Leading Group for the Special Remediation of Internet Financial Risks,the notice requires prudent management of loans of microfinance companies.Funds,strictly stipulate its financing method and financing ratio,limit the comprehensive cost of borrowing including various interest rates,and the comprehensive capital cost charged to borrowers in the form of interest rates and various fees shall comply with the provisions of the Supreme People's Court on private lending rates.It is forbidden to issue or match loans that violate the relevant interest rate regulations of the law.Small cash loans have always relied on higher pricing to cover risks.Under the current regulatory situation,traditional high pricing to cover high-risk models is about to fail,how small cash loans will benefit under this regulation,and the control of various indicators Be the key.After studying the business model of small cash loans,the specific business model and disclosure data of X companies were combined with the mainstream prices in the market,and it was found that controlling thenew customers to obtain the customer costs and bad debts when other costs did not fluctuate.The rate is the key to cost control.This paper mainly introduces the concept of cost recovery period to define the profitability of cash loans,and studies how the customer cost and bad debt rate affect the cost recovery period of cash loans,thus obtaining the customer cost and bad debt rate.The impact in the cash loan profit model,in turn,leads to the scope of control costs and bad debt rates that need to be controlled.