Will the minimum repayment amount of Huabei affect the credit investigation?

It will not affect your credit report.

However, the remaining unpaid amount will be charged the corresponding interest on a daily basis, and then you can settle the remaining principal at any time or choose to repay part of the amount, and the corresponding interest will not be charged if it has been repaid.

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

On August 4, 2016, Ant Huabei's consumer credit asset-backed ** project was listed on the Shanghai ** Stock Exchange, which is also the first Internet consumer finance ABS on the Shanghai Stock Exchange.

As of January 2018, Ant Financial has taken the initiative to increase the capital of two microfinance companies by 8.2 billion yuan, increasing the registered capital 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.

1. The minimum repayment of Huabei is still a normal repayment of Huabei, as long as the repayment is made on time and not overdue, it will not affect the credit investigation. It is worth noting that after the minimum repayment of Huabei, the remaining repayment amount will be calculated on the next day of the minimum payment, and the daily interest rate will be directly included in the next month's repayment bill. The daily interest rate is converted into an adult interest rate, which is equivalent to choosing the minimum repayment of Huabei, and the annual interest rate of this loan is much higher than that of a bank loan.

Only if Huabei is overdue, and the lender has cooperated with the People's Bank of China for credit information, then the personal credit will be affected after the overdue record is uploaded to the credit information. At present, Huabei's lenders already have formal financial institutions and banks, and the possibility of credit investigation is not ruled out.

2. If Huabei's repayment is overdue, that is, it fails to repay the loan on time before the repayment date (inclusive), and the repayment is lower than the minimum repayment amount of the current bill, it will have a negative impact. At that time, the overdue situation will be reported to the system Sesame Credit, and the sesame score is likely to decline, and some Huabei will be connected to the central bank credit, and the overdue situation will also be reported to the central bank credit information, leaving a bad record in the customer's personal credit report, resulting in personal credit damage. You also need to pay attention to the fact that if you keep making the minimum repayment, it may make the system think that your repayment ability is not sufficient, which is not conducive to the increase of the limit, and some will also implement a reduction.

Therefore, it is advisable for customers to pay off their bills in full and on time if they are able. If you really can't pay it off on time, you can pay it off in installments, or apply for an extension, or occasionally make a minimum payment.

3. The minimum repayment of Huabei = 10% of the transaction principal (the new consumption principal in the current period - transfer out in installments - refund) + 100% of all outstanding installment bills in the account + 100% fees (including handling fees) + 100% of the remaining outstanding historical bills + 100% interest (including penalty interest). Huabei has repaid the minimum payment, and the rest can choose to repay on the next repayment date, or you can choose to repay in advance before the next repayment date. For users, they need to pay more interest if they repay on time than if they repay early.

After the minimum payment, interest is charged on the remaining amount to be repaid on a daily basis, so the sooner you make the payment, the less interest you will have.