MYbank can t everyone pay back the same money

Yes, you can apply for equal principal and interest.

Equal principal and interest refers to the repayment method of a loan, which refers to the repayment of the same amount of loan (including principal and interest) every month during the repayment period.

Equal principal and interest are different from equal principal, although the monthly repayment amount may be lower than the amount of equal principal repayment at the beginning of the repayment, but the final interest repayment will be higher than the equal principal repayment method, which is often used by banks.

Calculation formula: Monthly repayment amount = [loan principal monthly interest rate (1 + monthly interest rate) number of repayment months] [1 + monthly interest rate) number of repayment months 1].

Repayment method

That is, the total principal amount and the total interest of the mortgage loan are added and then evenly distributed to each month of the repayment period, and the monthly repayment amount is fixed, but the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month. This method is the most common and has been recommended by most banks for a long time.

The equal principal and interest repayment method means that the borrower repays the principal and interest of the loan in equal amounts every month, in which the monthly loan interest is calculated based on the remaining loan principal at the beginning of the month and settled month by month.

The equal principal repayment method means that the borrower repays the loan principal at the same amount (loan amount and number of loan months) every month, and the monthly loan interest is calculated based on the remaining loan principal at the beginning of the month and settled month by month, and the total of the two is the monthly repayment amount.

The above content is from Encyclopedia - Equal Principal and Interest

Let me give you a simple answer, at present, Yu Libao has entrances in MYbank and Alipay respectively, and MYbank can display the amount purchased by Alipay and MYbank at the same time, but Alipay can only display the amount purchased in Alipay, not the amount purchased on the online business.

This problem shows that the share of purchases by the two portals, online merchants and Alipay, is calculated separately, rather than counting the general ledger of the entrances on both sides. When Yu Libao is displayed in MYbank, the online merchant and Alipay are displayed separately, indicating that the online merchant can read the data on Alipay's side. But on the contrary, Alipay can't read the data of online merchants, so it can't be displayed normally.

If it is true that the two entrances are calculated separately, it also shows that the data on both sides of the current online merchants and Alipay are not interconnected, and everyone is in charge of their own databases, which are completely two independent databases. With Alibaba's technical capabilities, it should be no problem to let Alipay read the data on the online merchant's side and display it at the front desk. However, I don't know why Alipay didn't do this, if it's not a technical problem, then I have to attribute it to Alipay's lack of attention to user experience.

The existing design is obviously unreasonable, since MYbank can only use Alipay to log in now, then Alipay should also show the share of Yu Libao purchased by MYbank. As long as the user buys Yu Libao in the online business, it should be displayed so that the user can view it more intuitively. The existing method will make many users wonder and even think that these are two different products.

In fact, the Yu Libao purchased at both entrances is a completely identical product. I have fed back to MYbank's customer service on this issue, saying that it will record the submission, but I haven't seen any changes so far, maybe there are too few people who put forward opinions and don't pay enough attention to it!

The repayment steps of Alipay MYbank are as follows:

2. Click "My Loan - Repayment" on the homepage of the online merchant loan, enter the amount of repayment, and then click "Confirm" to enter the payment password.

The user should ensure that the status of Alipay is normal when repaying, otherwise it may cause repayment failure. As long as the balance of the Alipay account or Yuebao has sufficient amount on the repayment date, the payment will be automatically deducted on the repayment date. In the case that personal funds are relatively sufficient, users can repay the loan in advance, and the platform will not charge a handling fee.

Extended Materials. 1. Will online loans affect bank loans?

Whether online loans affect bank loans depends on whether online loans are on credit reporting. If the online loan applied for is on the credit investigation, and the amount is relatively large, and the loan is being repaid, then it will have a certain impact on the approval rate and amount of the bank loan.

Whether online loans affect bank loans depends on whether online loans are on credit reporting.

1. If the online loan applied for is on the credit investigation, and the amount is relatively large and is being repaid, then it will have a certain impact on the approval rate and amount of the bank loan, because the bank loan also needs to assess the loan applicant's repayment ability.

2. If the applied online loan is not creditworthy, then it generally has no impact on the bank loan.

2. Can I not make a mortgage loan for real estate with an online loan?

There are online loans that can be used to make real estate mortgages, but they will also affect the loan situation, which is explained as follows:

Now the management of online loans and banks is relatively strict, many formal online loan information and banks will be found in the People's Bank of China, if there is an online loan outstanding will affect the mortgage situation, the specific degree of impact depends on the amount and personal assets. Another situation is that the online loans made by some small loan companies cannot be found in the credit information system, which does not affect the bank's mortgage loans. Credit management is strict, we must pay attention to our own credit information, do not deal with informal financial institutions, which affects credit information, and all aspects will be affected.

Before the bank disburses the loan, it is possible to check the credit information of the loan applicant again.

1. The borrower opens a current deposit account in the bank;

2. Prepare the information required for the loan;

3. Face-to-face bank;

4. Bank filing and approval;

5. After the bank approves the approval, notify the borrower of the approval result and sign the loan contract with the borrower;

6. Go to the Construction Committee for mortgage registration;

7. The Construction Committee issues other rights certificates;

8. Handle insurance, notarization and other procedures as appropriate;

9. The bank will directly transfer the loan to the account agreed in the contract;

10. The borrower shall repay the principal and interest in accordance with the provisions of the loan contract.

The repayment steps of MYbank are as follows:

2. Click "My Loan - Repayment" on the homepage of the online merchant loan, enter the amount of repayment, and then click "Confirm" to enter the payment password. The user should ensure that the status of Alipay is normal when repaying, otherwise it may cause repayment failure.

MYbank Loan Payment is an installment loan product with interest calculated on a daily basis. Before the repayment date, the borrower only needs to ensure that the repayment Alipay account or Yuebao is sufficient, and the system will automatically deduct the payment, and the borrower can also choose to repay in advance.

Operating environment: Apple 12, ios14, Alipay version.

Further information: 1. MYbank.

1. MYbank officially opened on June 25, 2015 and is one of the first batch of private banks in China approved by the China Banking Regulatory Commission. MYbank is also the first technology bank to build its core system on the financial cloud without offline branches. Based on the financial cloud computing platform, MYbank has the ability to handle high-concurrency financial transactions, massive big data and elastic expansion, and take advantage of the advantages of the Internet and data technology.

2. As a bank focusing on providing financial services to more small and micro enterprises and individual operators, MYbank's mission and vision is to "take care of everything". In recent years, the availability of small and micro loans in China has increased significantly, with more than 30 million small and micro operators using MYbank contactless loans, with an average loan of no more than 40,000 yuan per household, and 70% of them have never received bank operating loans in the past.

3. In the next five years, "building a Chinese-style open bank" is the core strategy of MYbank, driven by science and technology, it will further open up to the first chain, rural areas, and financial institutions, and adhere to low profits and inclusiveness, MYbank hopes to provide new ideas for the development of global open banking through practice.

2. What are the loan conditions of MYbank?

1. If you are a ** seller, you can only get the quota if you maintain a good store operation. (Note: It is reported that the current loan project is only developed for ** sellers, and ordinary users can only buy financial products or **, and I believe that it will gradually be fully opened in the future.) )

2. **The effective operation of the store should be more than 6 months, and the grade needs to be more than 1 diamond.

3. Maintain a good credit situation.

If the above three conditions are met, MYbank will open various loan items of MYbank to sellers

Order Loan and Early Payment for Order Loan (Difference Between Order Loan and Early Collection).

6-month loan with interest, 12-month equal principal and portfolio loan for **store operation.

Generally speaking, the amount of personal stores with good credit will range from about 10,000 yuan, and if it is a corporate store, the amount will be much larger, and the specific amount is between 0-1,000,000, so it is very important to maintain the business credit of the store.

III. Precautions for MYbank Loans.

MYbank loans are mainly reflected in loan withdrawals, and special attention should be paid to the process. Because some ** store owners have reacted that the direct online merchant bank loan in the Alipay app will occupy Alipay's quota and affect the loan application of Alipay's other products.

Alipay inexplicably has more MYbank, this is because the user has opened an MYbank account, so the MYbank bank card will appear in the list of bank cards. When the user uses the relevant functions, Alipay will open MYbank by default, so the extra MYbank card is applied for by the user himself. There will be no negative impact after MYbank is opened, and users can contact MYbank's customer service to cancel their accounts if they don't need to.

In addition, after the opening of MYbank, users can handle relevant business through MYbank, so that users can also choose to keep their MYbank accounts.

Extended Materials. MYbank is the first commercial bank in China with a core system based on cloud computing architecture, initiated and established by Ant Group as a major shareholder. It was officially opened on June 25, 2015 as one of the first five private banks in China approved by the China Banking Regulatory Commission.

On September 29, 2014, the China Banking Regulatory Commission announced that it agreed to Hangzhou City, Zhejiang Province to prepare for the establishment of Zhejiang MYbank.

The CBRC stated that the preparatory work should be completed within 6 months from the date of approval, and an application for opening should be submitted to the local CBRC in accordance with relevant regulations and procedures. If the preparatory period cannot be completed on time, the preparatory extension report shall be submitted to the CBRC one month before the expiration of the preparatory period. The preparation shall not be postponed more than once, and the maximum period shall be 3 months.

If the application for opening is not submitted within the time limit, the approval document for the preparation will become invalid.

For Zhejiang MYbank, the reply shows that Ant Technology Group shares **** subscribed for 30% of the bank's total share capital; Shanghai Fosun Industrial Technology Development **** subscribed for 25% of the bank's total share capital; Wanxiang Sannong Group **** subscribed for 18% of the bank's total share capital; Ningbo Jinrun Asset Management **** subscribed for 16% of the total share capital of the bank. The shareholder qualifications of other enterprises with subscribed shares accounting for less than 10% of the total share capital shall be reviewed by the Zhejiang Banking Regulatory Bureau in accordance with relevant laws and regulations, of which Jinzi Ham (002515) holds 3% of the shares of Zhejiang MYbank.

MYbank's mission and vision is to take care of everything, and the goal of MYbank in the next five years is to serve 10 million enterprises.

Ma Yun said that the idea of starting a bank can actually be traced back to 1992. "At that time, I founded a small business, Haibo Translation Agency, in order to borrow 30,000 yuan, I spent 3 months, all the invoices in the family were put together as collateral, but I still did not borrow, at that time, I thought, if there is a bank that can one day do such a thing, I think it can help many people succeed. This kind of thinking has never stopped.

We hope to be a bank that focuses on serving small and micro enterprises. Jack Ma said.

On April 27, 2020, MYbank released its 2019 Annual Report. According to the data, MYbank's net profit in 2019 was 100 million yuan, and the non-performing loan ratio was . By the end of 2019, MYbank had served a total of 20.87 million small and micro enterprises and individual operators, an increase of 70% year-on-year.

Alipay MYbank.

The repayment steps are:

2. Click "My Loan - Repayment" on the homepage of the online merchant loan, enter the amount of repayment, and then click "Confirm" to enter the payment password.

The user should ensure that the status of Alipay is normal when repaying, otherwise it may cause repayment failure. MYbank loan payment only needs to ensure the balance of Alipay's account or Yuebao on the repayment date.

If you have sufficient amount, the amount will be automatically deducted on the repayment date. In the case of sufficient personal funds, users can repay the loan in advance.

The platform does not charge a handling fee.

Summary. Dear, I'm glad to answer for you: How to repay the loan through MYbank in the following ways:

1. MYbank official website: You can log in to MYbank's official website and use online banking to repay the loan, which is simple and fast. 2. Mobile banking: You can use the mobile banking app, log in, click Repay, select the repayment method, enter the amount, and complete the repayment; 3. Self-service terminal:

You can go to MYbank outlets and use self-service terminals to repay the loan, which is easy to operate; 4. Counter: You can go to MYbank's business outlets, submit a repayment request to the counter staff, provide relevant information, and complete the repayment. <>

How to repay the loan with MYbank.

Dear, I'm glad to answer for you: How to repay the loan through MYbank:1. MYbank's official website:

You can log on to the official website of MYbank and use online banking to repay the loan, which is simple and fast. 2. Mobile banking: You can use the mobile banking app, log in, click Repay, select the repayment method, enter the amount, and complete the repayment; 3. Self-service terminal: You can go to MYbank's business outlets to make the self-service terminal for repayment, which is simple to operate; 4. Counter:

You can go to MYbank's business outlets, submit a repayment request to the counter staff, and provide relevant information to complete the repayment. <>

Officially opened on June 25, 2015, MYbank is one of the first batch of private bank bracelet banks in China initiated by Ant Group and approved by the China Banking and Insurance Regulatory Commission. <>