What is the difference between Huabei, borrowing, and returning?

With the popularity of Alipay, more and more users are using Huabei and borrowing. So, what is the difference between Huabei and borrowing?

Huabei is a consumer credit product launched by Ant Financial, with a maximum consumption limit of 50,000 yuan. Users can advance the quota of Ant Huabei and enjoy the shopping experience of "consume first, pay later". Borrowing is a loan service launched by Alipay, with a maximum amount of 300,000 yuan, a maximum repayment period of 12 months, and a daily interest rate of the loan.

The difference between the two is: Huabei can only be used for consumption payment, and there is no pre-borrowing function; The borrower can apply for a loan to the Alipay account balance or bank card and withdraw it.

Among the reliable big brands on the market, in addition to Huabei and Borrow, Du Xiaoman Finance's money is also a good choice. The application for money is simple, the loan is fast, and the borrowing and repayment is flexible, and users can take the initiative to apply. The interest fee of the money is transparent, the big brands are more reliable, the interest rate is low, the daily interest rate is as low as (subject to the display on the loan page of the money flower app), the interest rate of borrowing 10,000 yuan a day is as low as 2 yuan, and the maximum amount can be borrowed is 200,000 yuan, which can meet the needs of most borrowers (click to enter the official money to learn more.)

This is provided by Kangbo Finance, which focuses on the interpretation of financial hot events, the popularization of financial knowledge, adheres to professionalism, pursues fun, makes financial content that people can understand, and conveys financial value in a vivid and diverse way. Hope this helps.

Huabei is equivalent to a credit card, which is used for consumption, and it will be repaid this month and next month. Staging is also possible.

Borrowing is a small loan.

It's not Alipay, I haven't heard of this thing, be careful with the products of small companies, you may be pitiful.

1. The company is different.

The full name of Huabei is Ant Huabei, which is a consumer credit product launched by Ant Financial.

Borrowing is a loan service launched by Alipay.

Huanbei is jointly operated by Chongqing Focus Microfinance Company, a licensed financial institution, and Shanghai Shuhe.

2. The function is different.

Huabei, a consumer credit product, will receive a consumption quota ranging from 500 to 50,000 yuan after applying for opening. When consuming, users can advance the amount of Ant Huabei and enjoy the shopping experience of "consume first, pay later".

Borrowing, loan services, users can apply for loans ranging from 1,000-300,000 yuan.

3. The online time is different.

Ant Huabei has been officially launched since April 2015 and is mainly used for shopping on Tmall and **. In order to better serve consumers, Ant Huabei began to break the restrictions of shopping platforms and expand its services to more online and offline consumption areas.

Borrowing was launched on April 17, 2015, but not everyone can open it, and it depends on the individual's credit score.

First, the front. Ant Finance's more famous products are borrowing and Huabei, and now they can be regarded as having a certain market share in their respective fields, so what are the differences between borrowing and Huabei? 1. The way of use is different.

2. Specific analysis.

Borrowing can be used to borrow cash, which can be used for study, consumption and travel, and the main function of Huabei is to pay for consumption, and cannot withdraw cash.

2. The repayment period is different.

The repayment term of the borrower is determined based on the disbursement date of the first loan, and there is no fixed date for the lender.

Huabei's repayment dates are on the 9th, 10th, 15th and 20th.

3. The repayment date is different.

The repayment date of the borrower does not support change, and the current repayment date of Huabei supports change, but it can only be modified once a year.

4. The interest is charged in different ways.

After the borrowing is used, the interest will begin to be calculated on a daily basis, and Huabei has an interest-free period for a period of time like a credit card, and no interest will be generated for repayment during the interest-free period, and Huabei can also enjoy interest-free installment services in some cases.

Whether it is Huabei or borrowing, it is a product with credit accumulation, and it needs to be repaid on time when used, and once it is overdue, it may affect the credit investigation.

If you want to query the online loan data report, you can search: Beijian Quick Search, you can view the number of applications of the user, online loan data, online black index score, hit risk warning, court prosecution information, arbitration case information, dishonest person information and other data. And the query data is very accurate and comprehensive.

3. Huabei has a quota but it won't take a few days to recover?

If Huabei has a quota but can't use it, if the merchant who just consumes does not open the Huabei money collection function, then in fact, there is no problem with Huabei itself, and a merchant that supports Huabei payment should be able to consume normally.

If the account is subject to risk control due to illegal arbitrage behavior, you need to wait patiently for the system risk control to pass.

The system will be comprehensively evaluated about every month or so, and it is estimated that Huabei will return to normal in two or three months.

It should also be noted that sometimes large total purchases or frequent purchases in the same store may be suspected by the system of cashing out, which will also trigger system risk control.

In this regard, you can also appeal if you have not actually cashed out, and if the appeal is successful, you can also restore Huabei quickly.

In addition, if Huabei cannot be used, it may also exceed the prescribed limit, and many people will set quota restrictions to control consumption.

If it is a single-day consumption limit, it can be used normally the next day; If you have a monthly spending limit, you can continue to use it in the next month.

1. The biggest difference between Huabei and borrowing is that Huabei does not have a cash advance function.

2. Huabei: It can be used for payment when shopping and consumption, and there is no function of cash advance.

3. Borrow: You can apply for a loan to the Alipay account balance or bank card and withdraw it.

4. Ant Huabei is a consumer credit product launched by Ant Financial, and after applying for opening, you will get a consumption quota ranging from 500 to 50,000 yuan. Users can advance the amount of Ant Huabei when they make changes when they consume, and enjoy the shopping experience of "consume first, pay later".

On August 4, Ant Huabei Consumer Credit Asset-Backed Project was listed on the Shanghai Stock Exchange, which is also the first draft of the Shanghai Stock Exchange's Internet Consumer Finance ABS. As of January 2018, Ant Financial has taken the initiative to increase the capital of two microfinance companies by 8.2 billion yuan, and the registered capital has increased from 3.8 billion yuan to 12 billion yuan. On May 18, Huabei announced that it would be open to banks and other financial institutions.

6. "Key Group Borrowing" is a loan service launched by Alipay, and the current application threshold is more than 600 sesame points. Depending on the score, the loan amount that Chanpei users can apply for ranges from 1,000 to 300,000 yuan. The maximum repayment period of the loan is 12 months, and the daily interest rate of the loan is to borrow and repay at any time.

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Huabei is similar to credit card consumption without interest, and borrowing is analogous to loan with interest.

Hello, the difference between borrowing and Huabei is that Huabei can only be used for shopping consumption, and cannot be borrowed or transferred. Borrowing is the same as spending money, and you can't spend it directly, but you can transfer money, withdraw and consume it through your Alipay balance or bound bank card. In addition, the money to spend satisfaction loan supports 24 installments, and the exclusive loan supports 36 installments, which Huabei does not have.

Alipay Huabei is actually a function of Alipay's online credit card:

1. Huabei can shop on **, Tmall, etc.

2. After using Huabei to pay this month, the repayment can be made on the 10th of the next month after confirming the receipt, and no interest will be generated during the period.

3. However, if you use Alipay Huabei to buy goods, you will be charged if you do not repay the goods on time. If the current amount due is not paid off before the repayment date, the corresponding overdue interest will be charged, and the overdue interest will be charged on a daily basis on the current outstanding amount.

Alipay Loan is a consumer credit product under Ant Micro Loan

1. Users with more than 600 sesame points can apply for loans ranging from 1,000 yuan to 50,000 yuan.

2. At present, the maximum repayment period of "borrowing" is 12 months, and the daily interest rate of the loan is to borrow and repay at any time.

3. The amount applied for by the user can be transferred to the Alipay balance, which is the same as the loan obtained from the bank.

4. Compared with traditional personal loans, "Borrowing" does not require users to submit complex personal materials and financial certificates, and only needs to rely on Sesame Credit Score to make judgments and checks on the user's credit level and complete the loan.

1. Huabei has a certain interest-free period after use, and there is no interest-free period for borrowing, and interest will be charged on a daily basis after borrowing; 2. When borrowing to handle the loan, you must choose the number of repayment periods and repayment methods, Huabei can be repaid at one time after use, and you can repay it in installments when you have difficulties. 3. You can withdraw cash if you borrow, but you can't wait for Huabei.

Huabei and borrowing must be repaid on time after use, because after overdue repayment, they will be uploaded to the credit information center, and penalty interest will be generated after overdue repayment, and the platform will call the borrower ** for collection, and the loan will be repaid all the time, which will seriously affect the normal life of individuals.

After the overdue arrears of Huabei and Borrower are returned, this overdue record will be kept in the credit report for 5 years, and it will automatically disappear after 5 years. If the arrears have not been repaid, then it will always be recorded in the credit report. In fact, if you can't repay the loan on time after use, you can borrow money from your friends to repay.

In order to avoid the use of Huabei and borrowing for overdue repayment, users must measure their repayment ability when using it, and know what they use to repay their income. If your personal income is low, you should use it with caution at this time. If your personal income is relatively high, you can use it with confidence at this time, and you don't have to worry about not being able to return it later.

Version information: Take the Alipay version, Apple 13 (system), and Huawei Mate40 (HarmonyOS2 system) as examples.