What is the difference between Alipay Credit Loan and Borrow? Three aspects to analyze

1. The object of service is different.

Borrowing is a consumer credit product of Ant Micro Loan, which mainly serves Alipay users, as long as they meet the application conditions of borrowing, they can apply. The object of credit loan service is ** merchants, mainly Alibaba users, and the borrowers are generally major ** store owners. Borrowers do not need to provide collateral or guarantees, and can obtain loans with lower interest rates than traditional credit loans with their own credit.

2. The loan amount is different.

There are two types of loans, of which the maximum loan amount for the express version is 500,000 yuan, and the maximum loan amount for the standard version is 2 million yuan. The maximum amount of borrowing users is only 300,000 yuan, which is very different from the credit limit.

3. The application conditions are different.

The credit requires the borrower to be between the ages of 18 and 65, to be a corporate legal person or individual business owner, and to be a member of Alibaba. As long as the personal credit history is good, Alipay will grant the amount according to the user's sesame credit and usage. At the same time, users who are highly active in Alipay and have the ability to repay will have the opportunity to apply for a borrowing limit.

Recently, Alipay borrowing has been upgraded, and the borrowing name of some users has become a credit loan, but according to the official introduction, it will not affect our useBorrowing, auditing, repayment and other services will not be affected.

On November 7, some netizens discovered that the name of Alipay's "borrowing" had become "credit loan". After changing to a credit loan, the page has not changed much, except that the "credit loan" page will display the information "financial services provided by xx bank" in a prominent position, to put it bluntly, you know better who you are borrowing money from.

After entering the loan page, you can also see details such as the daily interest rate, the initial annual percentage rate, and the total interest amount in the "Loan Details and Agreement".

According to the official, the credit loan is a consumer credit service provided by the financial institution that cooperates with Ant to provide users independently, and the service provider will be displayed on the relevant page, and the user limit and interest rate are independently approved by this institution, and the loan applied for is also issued by this financial institution.

After this adjustment, the clearest place is to see the institutions that provide credit services. Services such as borrowing, auditing, and repayment before the adjustment will not be affected.

Many netizens will also be concerned about the credit situation, and this adjustment will not have an impact on the credit record, after the adjustment, it will no longer be reported by Ant, but by the institution that serves the credit loan, as long as the loan is repaid on time.

On the night of November 7, Baobei responded that the adjustment was to promote brand isolation, and Ant Consumer Finance Company and a number of licensed financial institutions jointly provided users with convenient and high-quality credit services.

Some netizens will also find that some users have changed their borrowing names unchanged, and some have changed them to credit loans. The main reason is that the borrowing was later provided by Ant Consumer Finance Company and became the exclusive brand of Ant Consumer Finance. The credit services provided by banks and other financial institutions have become "credit loans".

The two are still on the same interface, but the name and some display information and terms have been changed.

I believe that in April, you should see a number of financial management departments jointly interview Ant and announce a rectification plan to complete the brand rectification work of "Huabei" and "Borrowing" within 6 months of Ant Money's opening.

After the rectification, "Huabei" and "Borrow" will become Ant Money's exclusive consumer credit products, and other financial institutions will provide consumer credit services independently, and the names of "Huabei" and "Borrow" will no longer be marked, but only with the help of Ant Group's data information.

In short, consumer credit will inevitably move towards formalization in the future, which is also an inevitable trend of market development, and it is also hoped that consumers can consume rationally, spend reasonably, restrain their desire to consume, and cultivate healthy values and consumption outlook.

Alipay borrowing is the same as a credit loan, which is convenient for customers to use in time when they buy things, but it just updates a name, but the repayment is the same, and it has to be repaid every month.

Alipay is a form of financing, and the two types of loans are different from the payment of goods, and the two kinds of loans must be repaid in one period, and the overdue repayment will lose credit, and the credit loan is a form of financing.

It's just a name change, so it won't change much, and if you haven't overdue, then after repayment, you can still continue to borrow.

Borrowing and credit are the same functions, but the annual interest and repayment performance are different.

Logically speaking, it should be the same function, or the borrowing is simply closed, and there is only a credit loan.

Then for the specific situation, it is recommended to consult Alipay's customer service staff. Only their official reply can be correct.

Borrowing is originally a credit loan, and all functions are the same as loans, and interest is repaid every month.

Yes. Alipay borrowing and the bank have been united, if you don't repay the loan, your credit will be in the bank's list of dishonest people, so don't overdue.

I repaid the loan yesterday, only to find that the borrowing has changed, and the repayment is no different from the original, and the amount of repayment has also been restored, but I didn't borrow again! I'm going to borrow it again next month! But they say that many people have failed to lend!

I'm also hesitant to lend out! Because Huabei lowered my quota by 5900! If you borrow it and give me another card, it will be tantamount to a natural disaster for the Moonlight Clan!

It will directly assess the amount for you based on your Alipay usage and Sesame Credit score, and will give you the assessment amount and loan qualifications according to your credit report after docking with the central bank's credit report. As long as your credit is not bad, it has no impact.

At present, it is still the same as before, but it has changed its name, I went to see it just now, and it is very clear that nothing remains the same, that is, the name has changed, and it is still managed by Jining Bank. It is estimated that there will be other islands in the future after changing the name!

Alipay borrowing becomes a credit loan, in fact, both kinds of loans have to be repaid on time, and the credit will be lost if the repayment is overdue, and the credit loan is a form of financing, and the borrowing is the payment for goods, which is different.

Alipay borrowing is actually similar to credit card loans, both of which have to be repaid every month after the payment, so it is recommended not to use it.

yes, hey, it's the same, alas, your Alipay has become a mentality. Hey, that's normal, and it just proves that you can take a step up. Yes, you can do all your things, and if you form an alliance, you can quickly make up for it, like this, it is very trustworthy, so it will work.

In the same way, it is an online business loan, the general amount will be increased, and the interest will be reduced. It is still repaid in 12 installments.

Change the name, borrow and change the name to credit loan, personal understanding, the use of the function should be the same, a little more standardized.

Hello! The follow-up is the same basic, but it also depends on the purpose of your loan, the type of loan, etc.

Alipay's borrowing itself is a kind of credit loan. It's just that the name has been changed.

Alipay borrowing has become a credit loan, but it has changed to a more understandable name, and the essence has not changed, it is still the same as the original.

Alipay borrowing becomes a credit loan, and the follow-up function should be the same as that of credit loan, which should be more standardized.

1. The platform gameplay is different, it is all normal, after all, it needs to keep pace with the times.

2. If you think you can continue, that is, you can continue to use it, and if you can't continue, then give up.

The function that has just been changed, the amount has not changed, but the name has changed, so let's take a look after repayment. It shouldn't make a difference.

Alipay borrowing itself is a credit loan, but the name is varied, and all subsequent repayments are the same as credit loans.

The main difference between credit and borrowing is the distinction between lenders:

1. According to Alipay's official customer service, the main reason for changing borrowing to credit loan is to facilitate users to have a clearer understanding of the actual consumer credit service provider, and the consumer credit service independently provided by the third-party financial institution cooperating with Ant Group has been adjusted to "credit loan", and the name of the lending institution will be displayed first on the page.

2. Therefore, the main difference between credit loan and borrowing is that the lending institution is distinguished.

In April of this year, the People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange and other financial regulatory authorities jointly interviewed Ant Group and announced a rectification plan. One of the requirements is that "Huabei" and "Borrow" will become the exclusive consumer credit products of Ant Consumer Finance, and the consumer credit issued by other financial institutions with the help of data and information provided by Ant Group will no longer be labeled with the names "Huabei" and "Borrow".

The China Banking and Insurance Regulatory Commission (CBIRC) requires Ant Group to adopt effective measures to ensure that financial consumers can fully understand the names of credit service providers when applying for consumer credit services, so as to avoid confusion of brands.

2. After the name change to Credit Loan, the borrower said that the services provided by Ant Finance will continue to display the "Borrow" brand, while the credit services provided by banks and other financial institutions will be displayed on the "Credit Loan" page, ensuring that financial consumers can make the right choice when applying for consumer credit services, avoid brand confusion, and the core processes such as user opening, account checking, interest calculation, borrowing and repayment will not change.

3. According to the reply of Alipay's official customer service, its nature has not changed, it is still a loan service for personal consumption, which is a credit loan, but the management will be more standardized. The original service experience such as borrowing, auditing, and repayment will not be affected. In addition, the credit rate will not be adjusted due to this update, so we don't need to worry too much.

However, the service institution will evaluate the amount and interest rate from time to time according to the user's behavior information, and at the same time, some netizens have reported that their limit has changed, which may be re-evaluated after the change of the lending institution.

Operating environment: Redmi note4 Alipay.

Borrowing is a line of credit. Credit card loans include microloans, which refer to a loan product that can be obtained through personal credit. In the division of Alipay, borrowing belongs to the category of small loans.

As long as the user wants the loan amount, he can find the loan product that suits him in the bank and apply for it.

In the credit market, there are software similar to Ant Huabei, such as:

1. Jingdong Baitiao.

Baitiao is a credit payment tool launched by JD Finance, which can be consumed in advance like Huabei, and users can use Baitiao to enjoy first-use-pay-later and installment shopping services on JD.com**, up to 24 installments.

2. Suning pays willfully.

Wayward Pay is a personal credit consumption installment product launched by Suning Finance, which can be used online and offline by Suning to enjoy the shopping experience of "consume first, pay later", and can also choose up to 24 installment repayments.

3. Zhaolian credit payment.

CMU Credit Payment is an Internet consumer installment product of CMS Financial, which allows users to apply for it in installment installments** and consumption scenarios such as education, medical beauty, and decoration, and can enjoy interest-free payment for up to 40 days and installment payment services for up to 24 installments.

4. Vipshop flowers.

Vipshop is a consumer loan product under Vipshop Finance, which provides a payment method of "consumption first, repayment later".

Users can use Vipshop to pay for purchases in Vipshop, divided into 3 6 9 12 installments.

However, it should be noted that Huabei does not provide borrowing services, mainly used for consumer payment, and the same is true for Baitiao, Wayward Payment, Zhaolianxin Hu Regret Payment, and Vipinhua.

If the online loan itself is non-compliant, then the overdue online loan will not have much impact on the personal credit status. However, your online loan records will be retained in the online loan big data. You can check through "Xiaoqi Xincha" to view your online loan history, including the details of overdue online loans, debt arrears, information on dishonesty, and whether you have been blacklisted for online loans.

Extended information: When can Huabei increase the limit?

Huabei does not clearly stipulate how long the use period can be increased, and the Huabei increase is generally evaluated by the system from time to time on account usage, consumption repayment records, credit status, etc., and then judged according to the evaluation results.

If the overall score of the system has increased a lot compared with the past, the estimated amount can be increased to a certain extent; If the comprehensive score of the system does not change, the amount will naturally not change much; In addition, if the overall score of the system decreases, the quota is likely to be lowered.

Therefore, some may have used it for three or five months, accumulated good credit, and the Huabei quota has been increased; Some may have used it for a long time, and Huabei has not been able to raise the amount.

If you want to raise the amount of Huabei, you can usually use Alipay and Huabei more to ensure sufficient activity in the account and accumulate good credit.

In addition, you can also save more money into Alipay, appropriately buy some Yuebao financial products, and increase personal assets in Alipay, which will also help to increase the quota of Huabei.