What kind of bank is Ant Borrowing, and which bank is Alipay Borrowing

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Hello, borrowing is a credit service product in Alipay, users can not take the initiative to open, and it has nothing to do with the amount of sesame points, but can only be opened through the system to detect the user's usage habits and personal credit level.

"Money to spend" is a credit service brand under Du Xiaoman Finance (formerly Finance), which can be applied directly online, without mortgage, with simple application materials, the fastest 30 seconds for approval, and the fastest 3 minutes for loans. Early repayment is possible, and the recovery limit can be revolving after repayment. It has the characteristics of simple application, fast loan, flexible borrowing and repayment, transparent interest and fees, and strong security.

And the use of artificial intelligence and big data risk control technology, to bring users convenient, fast, peace of mind Internet credit services, I hope this is helpful to you, click below on the mobile phone, immediately measure, the maximum amount can be borrowed 200,000.

One. Alipay borrowing.

interest and bank loan interest;

2.Bank lines of credit are generally below 10%. As a large borrower, although the interest rate is small, the amount of money it borrows is large, which is enough to match the high interest rate of those small loans.

Two. Analysis of Alipay borrowing and bank loan interest:

1.The interest rate of borrowing is indeed higher, but the entry threshold is low, usually according to the Sesame Credit score, and some records of you use Alipay to evaluate the loan amount you can get through the system, and the number of loans in Alipay is limited, not as much as you want to borrow;

2.Although the interest rate of bank unsecured personal loans is low, there is a threshold for entry, and the number of loans that banks can borrow is much larger than that of other lenders, and has a greater lending advantage.

When it comes to borrowing money and loans, most people habitually think of banks and financial institutions, because in the traditional concept, the interest rate of bank loans must be the lowest, and the interest rate of private loans outside is high. In fact, this is not the case, and you should choose the right lender according to your needs.

Bank loans are cost-effective, but loans are consumer interest, so it depends on whether the purpose of your loan is cost-effective.

It is understood that Alipay borrowed.

The annual interest rate of 1000 yuan is about zhi90 yuan, and the converted adult interest rate is. And the current back to the 1-year bank.

The benchmark interest rate of the loan is, so it can be seen that compared with bank loans, the interest rate of Alipay borrowing is several times higher! But if it is compared to an unsecured loan from a bank, the interest rate is not much different. At present, the annual interest rate of unsecured loans of banks is mostly average.

However, if you borrow a few thousand to one or two thousand, it will be better to borrow, and banks generally do not make small loans. Each has advantages and disadvantages, depending on your specific needs.

Bank loans are more cost-effective, Alipay borrowing is only suitable for small amounts, short-term use, easy to apply, and fast payment. Bank loans are suitable for large amounts, the interest will be lower, and the repayment time will be longer.

The procedures for bank loans are particularly troublesome, and there are many documents required for proof. It depends on the time and qualifications of the landlord. If you have good qualifications, the interest rate is also very low.

Frequent overdue or installment will reduce the personal credit rating:

When banks check customer credit records, they usually see how many yuan of consumer loans are displayed on the customer's credit records, but they cannot check whether these consumer loans are from online loan platforms or credit cards. ”

The bank's staff in charge of consumer loans told reporters that as long as the repayment is made on time and is not overdue, these consumer loans will basically not have an impact on personal credit. However, if it is frequently overdue or installment, the bank's credit rating for personal credit will be lowered.

Borrowing is a loan service provided to customers on Alipay for personal consumption, and its lending institutions have many banks. For example, Shanghai Pudong Development Bank, Bank of Jiangsu, Bank of Guangzhou, Bank of Xi'an and so on.

Extended information] Borrowing is a loan service launched by Alipay, and the current application threshold is more than 600 sesame points. Depending on the score, users can apply for loans ranging from 1,000-300,000 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.

"Loan", now known as Credit Loan, is a loan service launched by Alipay, and according to the different sesame scores, users can apply for different loan amounts. 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.

On January 9, 2018, due to excessive leverage and violation of relevant regulatory regulations of the central bank, some user accounts were voluntarily closed to control the loan balance.

On November 8, 2021, it was reported that the name of Alipay's "borrowing" has been changed to "credit loan". In response, Alipay's customer service said that in order to make it easier for you to have a clearer understanding of the actual consumer credit service provider, the consumer credit service provided by the financial institutions that cooperate with Ant has been updated to "credit loan", and the name of the financial institution is displayed on the credit loan page. After this adjustment, the original borrowing, auditing, repayment and other services will not be affected.

In November 2021, it was reported that Borbei responded that Borbei is gradually promoting brand isolation, and a number of licensed financial institutions, including Ant Consumer Finance Company, will jointly provide users with small consumer credit services. In the future, borrowing will be provided by Ant Consumer Finance and will become the exclusive brand of Ant Consumer Finance.

Credit services provided independently by banks and other financial institutions will be displayed on the "Credit" page. In the process of brand isolation, the service experience of users will not be affected, and the core processes such as activation, account review, interest calculation, and loan and repayment will not change.

On November 7, 2021, according to feedback from netizens, Alipay borrowing has been updated for it"Line of Credit"After the update, borrowing, auditing, and repayment will remain unchanged. The official said that the credit loan is a consumer credit service provided by a financial institution that cooperates with Ant to provide users independently, and the consumer credit service provider will be displayed, and the user's quota and interest rate are the result of the financial institution's independent approval, and the loan funds applied for by the user are also issued by the financial institution.

When the user's application for borrowing is approved, the borrowing platform will immediately lend through the cooperative bank or institution.

Users can choose different repayment periods when borrowing through borrowing, the longest period is 12 periods, and users should consider their own income when choosing, so as to ensure that they can repay on time after borrowing, and there will be no overdue repayment, because penalty interest will be generated after overdue repayment, and the longer the time, the more penalty interest will be generated.

After borrowing through borrowing, you must repay the loan on time, and penalty interest will be incurred after the overdue repayment. Moreover, after the overdue repayment, the platform will be uploaded to the credit information center, and the subsequent loan handling will be affected after the personal credit report becomes poor, and the borrowing cannot continue to be used after the deadline, and whether it can be opened again in the future needs to be evaluated.

It should be noted that the borrowing has been connected to the credit information center of the People's Bank of China, and as long as the borrowing is on the loan, it will be uploaded to the credit information center, regardless of whether the loan is repaid on time. However, repayment on time after borrowing and using it will generally not have any impact, but frequent use will affect users to apply for other aspects of loans.

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

Ants borrow. At present, we cooperate with a number of banking institutions, and the loans that users are borrowing will be released by these banking institutions to users, and users can check which bank or which institution issued the loan in the loan contract. The banks that Borrower cooperates with include Bank of Guangzhou, Bank of Shanghai, Shanghai Pudong Development Bank, Bank of Nanjing, and Everbright Bank.

Bank of Tianjin, Postal Savings Bank.

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Alipay users who apply for borrowing need to meet the following basic conditions:

1. Individual mainland users who are 18 years old, have normal status and have passed real-name authentication.

2. The account is bound to a mainland mobile phone;

3. The account has been bound to a savings card.

Shortcut. Borrow to open the operation path:

Log in to Alipay on your mobile phone, click [My] - [Borrow] in the lower right corner, and try to open it.

According to the different usage of each account, the amount of borrowing is also different, 500, 5000, 500,000 are possible. If the user has met the conditions for borrowing, he can click the [Borrow] - [My] - [My Limit] page to check the amount of personal loans.

It should be noted that whether the borrowing amount can be increased and the maximum loan amount of borrowing are evaluated by the system, and there is no fixed evaluation time.