Which is more cost effective to repay or borrow, is it reliable to repay borrowing money Is the inte

The main loan is backed by financial support, and the annual interest rate.

That's 5%. 2. Borrow.

It is a loan service launched by Alipay, according to the different sesame scores, users can apply for different loan amounts, and the annual interest rate of the loan is, so the annual interest rate of the loan is cost-effective.

Credit card Huabei debit.

1.Cost of use.

Which pot is not opened, why is it not recommended to borrow it?

Because there is interest on borrowing, and there is no interest on Huabei and credit card repayment on time.

2.Punishment severity.

If there is an overdue, then the proportion of credit cards being sued for malicious overdue is the largest, and the latter two are opposite.

Among them, Huabei is not on the credit report, and the borrowing (modified last year) and credit cards need to be on the credit report.

3.Repayment. Borrowing depends on how you divide it, and Huabei and credit cards are almost the same. However, in the process of use, in terms of my own credit card channel, I can set the minimum repayment amount to 3% and the interest at 1 cent.

Individual Overall Rating:

To sum up, I think the credit card Huabei borrows.

In addition, the cost and risk of cashing out are higher in Huabei, while credit cards will be much lower.

I also have to make it clear that cashing out is not legal and compliant. But it's also ubiquitous.

Answer Pro: Glad to answer for you. Hello, there are many reliable borrowing platforms to choose from, is the repayment borrowing platform reliable, the repayment borrowing platform is formal and reliable, but the interest is too high, and compared with other loan methods, the loan application of the online loan platform is convenient and the loan is fast, but the application for online loans should pay attention to choosing a formal large platform, which can better protect personal interests and information security. At the same time, be careful not to pay pre-loan fees to avoid being scammed.

This one is**!

Ask a good question, thank you.

Borrow. There are three ways to repay the loan, if you only pay attention to the amount of interest, how to cost-effective, under the same conditions, interest first and principal later.

Equal principal and interest" equal principal, so interest first and principal is the most cost-effective, interest first and principal is to repay only the interest on the principal of your loan every month, and return the principal owed in the last installment, and the interest rate.

It is relatively low, but the repayment pressure in the last month is relatively large, so you should choose the repayment method according to your actual situation. How to repay the loan is cost-effective The repayment method of interest first and principal later is the most cost-effective repayment method of borrowing.

The repayment methods of borrowing are:

1. Equal principal repayment method.

The amount borrowed is divided equally according to the number of installments, plus the monthly interest on the remaining principal of the previous period, to form a repayment amount.

2. Equal principal and interest repayment method: the monthly repayment amount is the same, but the total interest is more than that of the equal principal method.

3. Interest-first-principal repayment method: repay all interest in the first few installments, and repay the loan amount in the last month.

Extended information: "Current Name Credit Loan" is a loan service launched by Alipay, and users can apply for different loan amounts according to different sesame scores. 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.

January 9, 2018, or for excessive leverage and violation of the central bank.

Relevant regulatory regulations have taken the initiative to close some users 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.

At present, the consumer loans launched by e-commerce giants are mainly for installments in the consumption scenarios of the e-commerce platform, but with the continuous accumulation of personal credit data, personal credit loans for non-consumption scenarios are also being launched one after another.

Here's the actual experience of raising the quota:

1. Deposit Yue Bao.

Uncle; One of the reasons why I am not optimistic about these Internet companies engaging in finance is that they do not have the experience of receiving users who can't even distinguish between interest and fees.

It needs to be seen on a case-by-case basis. When the 12-installment interest rate of the credit card is greater than the annual interest rate of the loan, the installment fee of the credit card is higher than the interest of the loan; When the 12-installment interest rate of the credit card is less than the annual interest rate of the loan, the interest of the loan is higher than the installment fee of the credit card. That is to say, the interest comparison between credit cards and debits, should be carried out with the same number of installments, and the one with the higher interest rate is the one with the higher interest.

Extended information: Ant borrowing.

and credit card installment rates.

1.Bank credit card installment rates.

At present, there are two ways for banks to charge installment fees, one is to charge monthly fees on average per installment, such as Agricultural Bank of China.

China Construction Bank, Bank of Communications.

people's livelihood, etc.; The other is to charge a one-time installment handling fee when paying the down payment, such as China Merchants Bank, Industrial and Commercial Bank of China, Bank of China, etc. Obviously, a one-time charge is not as cost-effective as a monthly charge at the same monthly rate.

However, it should be noted that whether it is a monthly handling fee or a one-time payment for the down payment, the installment service fee charged by the bank credit card is calculated according to the full loan amount each time the repayment interest is calculated, that is, no matter how many installments are repaid and how much is repaid, the interest of each installment repayment is the same.

2.Ant borrowing installment rate.

Ant Borrowing is currently only open to some Alipay users who meet the requirements, and the daily interest rate is around the same according to the loan amount. However, unlike bank credit card installments, Ant Borrowing is a monthly repayment, and the installment interest rate is calculated month-by-month, because the principal has been decreasing, so if you repay it once a month, the installment interest will be reduced next month, and the final interest will be much less than the interest calculated from the entire principal.

3.Although sometimes Ant Borrowing is cheaper than credit card installment, after all, Ant Borrowing can only be used for consumption at supported online merchants, while credit cards can be used for offline consumption, and if the repayment record is good, it is also more helpful to improve their credit history.

Credit card. When using a credit card overdraft to spend, everyone has an interest-free period of dozens of days. During the interest-free period, you do not need to bear the interest on the loan.

If you are unable to repay the loan on the repayment date and choose to repay the loan in installments, you will have to pay a certain handling fee. By China Merchants Bank credit card.

In the future, the instalment fee will be between each instalment.

When using a credit card to withdraw cash, the interest rate of the credit card will be different from that of installments. Taking China Merchants Bank credit card as an example, the handling fee for each transaction is 1% of the loan amount, and the minimum fee is RMB 10 per transaction. In addition, you also need to pay interest on a daily basis, with interest calculated at a daily interest rate of 5/10,000 and compounded on a monthly basis.

Alipay borrowing is a way to repay in installments, borrow and repay at any time, you can repay in advance, no handling fee and interest, quite convenient. Compared with traditional corporate loans, credit card installments actually have lower interest rates, and the key is that they can be withdrawn and cashed out.

Now the installment period is only 12 months, and there is no handling fee, why is it more cost-effective than a credit card?

Because the annual interest rate is small, the repayment of equal amounts every month is equivalent to the amount of money borrowed is decreasing every month, if 10,000 borrows for a year, part of the principal and interest are repaid every month, in fact, there is no 10,000 borrowed for a year, so the annual interest rate is lower than the daily interest.

For example, if you borrow 10,000 yuan and repay it in December, then in the first month of repayment, the principal should be repaid 10,000 12 = yuan, and the interest is 10,000 yuan. The second month is still the principal repayment, but the interest becomes (10000).

So how is bank installment used? Example Analysis:

For ease of calculation, we take the consumption of 12,000 yuan and repay it in 12 installments, and the handling fee rate is for each installment.

The total handling fee to be repaid = 12,000 * RMB.

The actual amount of monthly repayment = 12,000 12 + 864 12 = 1,000 yuan (principal) + 72 (handling fee) = 1,072 yuan.

When the bank calculates the monthly repayment amount, it simply and crudely calculates the interest on the entire loan amount each month (here is the handling fee, which we collectively refer to as interest expense). The monthly interest expense of $72 is calculated based on the total loan amount of $12,000.

But in fact, after you repay the first month, your loan principal is only 11,000 yuan (12,000 yuan-1,000 yuan), and similarly, when you repay the second month, your loan principal is only 10,000 yuan (11,000 yuan-1,000 yuan).

As a result, the actual annual expected annualized interest rate that we bear is much higher.