What is the maximum borrowing amount for repayment in installments?

Huabei is an online shopping service provided by Ant Micro Loan to consumers to "buy this month and repay next month" (repay next month after confirming receipt). At present, most of the merchants or products on Tmall and ** support Huabei services, and whether specific products can be purchased using Huabei is subject to the display on the cashier page. After using Huabei to purchase goods, you can installment the amount payable from the previous month from the 1st to the 10th of each month, and the installment amount cannot exceed 90% of the amount payable in the previous month (excluding overdue fees, installment handling fees, and installment payment principal), and there is only one opportunity to apply for installment repayment every month, which is irrevocable, and the installment amount and number of installments cannot be changed.

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.

As far as I know, the previous maximum quota was 50,000, but it was increased to 200,000 in April, which is still amazing. The increase in the quota does greatly increase the user's spending power, but the user should also do what he can and consume rationally after fully assessing his repayment ability.

According to different personal credit assessments, Ant needs to choose the corresponding term when borrowing, and the installment repayment can be up to 12 months, with interest calculated on a daily basis, and early repayment is supported. The specific number of installments that can be selected is subject to the display on the page.

The loan can be repaid in 3, 6 and 12 installments, and the repayment method is also an equal amount per month, and the principal after interest is available. Choose the same amount every month, and the monthly repayment amount is the same, so it is easier to remember. Choose interest first and then principal, only repay interest in each period in the early stage, and the repayment pressure is very small, and only in the last installment does you need to repay the principal at one time, which also prolongs the use time of the principal.

Borrowing refers to a credit loan. Depending on the Sesame Score, users can apply for different loan amounts.

The advantages of borrowing are as follows:

1. The user experience is good, and the loan arrives quickly. After users use mobile QQ to enter the product interface, click to view the available limit, and they can get their own borrowing amount within 1 second, and the loan will be credited to the account in three to five minutes, which is more convenient than the cumbersome process of credit cards and P2P personal small loans;

2. The repaid principal is not interest-bearing and respects the laws of finance. Interest is calculated on a daily basis, the interest is calculated from the date of loan disbursement, and the repayment is made in the form of equal principal, and the monthly repayment amount is reduced month by month;

3. There is no penalty interest for early repayment. How long does the borrower borrow money, and how much interest + principal is repaid;

4. It is convenient to cash out, and there is no reason to withdraw cash. Compared with the difficulty of cashing out credit cards and the problem of high handling fees, borrowing is specially provided for those who are short of funds.

The application conditions for borrowing are:

1. It is an individual mainland user;

2. Aged 18 or above;

3. The status is normal and has passed real-name authentication, and has not been appealed;

4. The account is bound to a mainland mobile phone number;

5. The account has been bound to a savings card;

6. Good personal credit, with a sesame credit score of 600 points or above.

The borrowing application method is as follows:

1. Open the Alipay personal center and find the identity authentication;

2. Enter the identity management center and improve the information;

3. Improve the imperfect information;

4. After completing the information, wait for the next Alipay cycle to update the sesame points, and there will be a quota after the update.

The borrowing can be divided into up to 12 installments, which means that the repayment can be made in 12 months after borrowing. In addition, the borrower can also repay in 3 and 6 installments, and the borrower can choose the number of repayment periods according to his actual situation.

There are two ways to choose from the repayment method: equal monthly amount or interest first and principal later. If you choose Equal Monthly Amount, the monthly repayment amount will be the same; Choosing interest first and principal later, only interest is repaid in each installment in the early stage, and the repayment pressure is smaller, and the principal needs to be repaid in one lump sum until the last installment, which also prolongs the use time of the principal.

Extended Information: Is the borrowing overdue included in the credit report?

Overdue borrowings will be credited to the credit report. The borrowing has been fully connected to the credit information system of the central bank, and the loan record will be uploaded to the credit information of the People's Bank of China when borrowing, and it will also be recorded in the credit information if it is overdue. Moreover, there is no grace period for repayment of borrowing, even if the user is overdue for one day, its overdue record will be on the credit report, so it is necessary to repay each loan on time to avoid the overdue record affecting personal credit.

Users can see big data reports, including personal credit scores, loan records, overdue records, etc., on third-party big data platforms, such as Qinggou Quick Check, to facilitate the management of personal credit.

Ant borrowing can be repaid in installments, borrowing can be repaid at any time, not only on the repayment date, of course, do not overdue repayment. You can also set up automatic repayment by the system, and you can also support automatic repayment, that is, the arrears will be automatically deducted from the bound bank card or balance on the repayment date. In addition, there is money to spend to support early partial repayment, and the interest is calculated on a daily basis, which is very convenient.

You can choose to repay in 12-month or 6-month installments. Early repayment is also available for each installment, and the interest is calculated on a daily basis. Regardless of whether you choose to repay in installments or early, the daily interest rate is around %.

The installment of Ant Borrowing is not so flexible, although you can repay the loan in advance, but the installment option is only 12 months at most.

Ants borrow

1. The default installment repayment is generally 12 months, and you don't need to apply by yourself, and you need to pay for 6 months.

2. The repayment date of each installment is the same, keep in mind that you must not accidentally cause overdue.

3. The borrower can apply for the loan amount within the credit line at will, and the corresponding credit line can be restored for each repayment.

4. There is a handling fee for borrowing installments, but whether it is 12 installments or 6 installments, the handling fee is fixed.

Ant Huabei can be repaid in up to 12 installments, and for users, it can be repaid in monthly installments. The 9th of each month is the repayment date of Huabei, and users need to pay off the Huabei bills that have been generated on the repayment date.

Generally speaking, if the purchase amount is not large, the repayment method will be divided into three installments, if the amount is too large, there is no money to fully pay off for a while, you can use 12 installments of repayment.

Of course, there is a handling fee for Ant Huabei's installment repayment, and the rate corresponding to the number of installments is different, which is 3 installments for the time being: Phase 6:; Issue 9:; Issue 12:.

Therefore, if you can repay the loan as soon as possible, it is best to use the form of three installments, so that the handling fee is the lowest, pay attention to the number of installments and the monthly repayment amount, and be within your financial tolerance.

Now that most people have started to use Huabei to shop, Huabei consumption is generally as convenient as a credit card, but when Huabei repays in installments, borrowers also need to pay more attention to avoid overdue. Once overdue, Alipay will report the overdue record to the central bank for credit investigation, which will cause a credit stain on the borrower and affect the future life.