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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of share-based compensation expenses | The following table presents the classification of the Company’s share-based compensation expenses:
|  | Year ended December 31, |
|  | 2017 |  |  | 2018 |  |  | 2019 |
|  | RMB |  |  | RMB |  |  | RMB |
Origination and servicing |  |  | 1,620 |  |  |  | 2,516 |  |  |  | 10,345 |
General and administrative |  |  | 24,326 |  |  |  | 29,734 |  |  |  | 80,599 |
Research and development |  |  | 28,619 |  |  |  | 22,820 |  |  |  | 48,578 |
Sales and marketing |  |  | 34,831 |  |  |  | 12,708 |  |  |  | 8,060 |
Total |  |  | 89,396 |  |  |  | 67,778 |  |  |  | 147,582 |
Summary of assumptions to estimate fair value of options at date of grant | The following assumptions were applied to estimate the fair value of the options granted in 2016, 2018 and 2019 at the date of grant:
|  | September 2016 |  | October 2018 |  | November 2019
Average risk-free rate of interest |  | 2.54% |  | 3.32% |  | 1.57%-1.69%
Estimated volatility rate |  | 50.46% |  | 44.32% |  | 42.86%-45.28%
Dividend yield |  | 0.00% |  | 0.00% |  | 0.00%
Time to maturity |  | 4.5 years |  | 4.5 years |  | 0-3 years
Fair value per underlying ordinary share |  | RMB 21.38 |  | RMB 88.13 |  | RMB 53.43
Summary of aggregate option activity | The summary of the aggregate option activity and information regarding options outstanding as of December 31, 2019 is as follows:
|  | Number of Options (in ‘000s) |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contract Life |  |  | Aggregate Intrinsic Value |
|  |  |  |  | RMB |  |  | Years |  |  | RMB |
Options outstanding at December 31, 2018 |  |  | 11,437 |  |  |  | 3.5 |  |  |  | 3.55 |  |  |  | 357,993 |
Options granted in 2019 |  |  | 288 |  |  |  |  |  |  |  |  |  |  |  |  |
Options forfeited in 2019 |  |  | (2,480 | ) |  |  |  |  |  |  |  |  |  |  |  |
Options cancelled in 2019 |  |  | (3,546 | ) |  |  |  |  |  |  |  |  |  |  |  |
Options outstanding at December 31, 2019 |  |  | 5,699 |  |  |  | 3.5 |  |  |  | 2.51 |  |  |  | 189,093 |
Options exercisable at December 31, 2019 |  |  | 1,674 |  |  |  | 3.5 |  |  |  | 2.51 |  |  |  | 49,567 |
Options vested or expected to be vested at December 31, 2019 |  |  | 5,699 |  |  |  | 3.5 |  |  |  | 2.51 |  |  |  | 189,093 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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