12 Jan, 2020
Current technological development and Online Loan
Since Apple has launched latest model Iphone 12 in Oct 2020, many of us seems to have started to review the importance of network speed. However, what are the differences between 3G, 4G and 5G networks? How can 5G networks influence our daily life?
What are the merits of 5G network?
- Almost 10 times faster than 4G network in terms of network speed
- Almost 10 times fewer than 4G network in terms of network delay
For example, under 4G network, it takes around 10 minutes for you download a high-resolution video with size of almost 1GB, but when it comes to 5G network, it only takes 1 minute to download the video! These significant improvements not only enhance the loading speed of documents, photos, videos and websites, but also support complicated remoted orders.
The journey from 3G network to 5G network
Let us quicky review the history of 3G network: In early 21st century, 3G network technology had been gradually developing. At that time, telecommunications industry had believed the great convenience 3G network could bring to us in terms of making phone calls, net-surfing, sending text/audio/video messages, allowing us to communicate anytime and anywhere.
On 9thJanuary, 2007, Steve Jobs, also known as co-founder of Apple, released the 1st generation of iPhone, a smartphone with simple smooth design, which marked the boom of 3G network and laid the groundwork for future technological development. In less than 15 years, 5G network is gradually becoming the market leader, as it makes our daily life inseparable of network. For example, apart from mobile payment while using transportation, we can order takeout, shop, make hotel reservations, book airline tickets through various mobile APP.
Apart from technological industry, most of the industries in the world, especially manufacturing industry, have started to digitalize their business structures and business activities. If manufacturers insisted in producing clothes, consumer goods and food all by labor…
- Increasing chances of mistakes or varied goods quality
- Lower efficiency when comparing to automated machines
- Higher labor cost
In other words, Speed is King, which is also applicable to money lending and money borrowing…
Speed is King when borrowing money
Apart from low loan interest, the most important thing of money borrowing is high speed. Cashing Pro understands the how influential network can be to our life modes, in the way that our life will be more and more digitalized. In view of COVID-19, most of us would want to reduce going out and staying home as frequent as possible.
Cashing Pro understands your needs, and this is why we launched online personal loan product this year, allowing customers apply loan either online or on the phone and submitting loan application documents online. Our automized loan analysis will be taken place in reviewing the loan applications and approving the loans for high accuracy and high efficiency! After the loans have been successfully approved, all customers need to do is just stay at home to receive the loan. Cashing Pro provides 4 kinds of loan products for different people’s needs.
Loan products offered by Cashing Pro
- Fast Online Loan (applicable to most of the customers)
- Student Loan (applicable to tertiary students in Hong Kong) * Online loan available
- Credit Card Repayment Loan (applicable to customers who have numerous credit card bills) * Online loan available
- No Income Proof Loan (applicable to housewives and customers whose salaries are paid in cash) * Online loan available
No worries if you have applied the wrong loan product (e.g. attempted to apply for credit card repayment loan but wrongly apply for student loan), as our staff will confirm the choice of loan product and our loan approval system will also tailor the most suitable loan system for our customers.
Warning: You have to repay your loans. Don’t pay any intermediaries.