Nowadays, the Internet has penetrated into all aspects of people's lives, especially the continuous breakthroughs and innovations in the fields of finance and consumption. Long before banks, Internet financial platforms such as e-commerce, social networking and P2P online lending, as well as some vertical segments, have been scrambling to lay out online consumer loans. With so many online consumer loan platforms, how should we choose? Which platform's expected annualized interest rate will be more cost-effective? Internet consumer loan platform P2P platform Many P2P platforms have the service of "personal consumer loan". Take the ongoing loan of the building block website as an example. A Wang Xing borrower bought a Mustang T70 car and got a personal consumption loan of 1 10,000 yuan. The loan term is three months, and the expected annualized interest rate is 9%. The personal consumption loan amount of P2P platform is as low as 1000 yuan and as high as 200,000 yuan. It is worth noting that for the borrower, in addition to the expected annualized interest rate, there may be an additional fee, which is about 3% according to the general standards of P2P online lending industry. Take Tencent QQ's "cash loan" as an example, the loan amount that can be applied for by the online social loan platform is relatively small, ranging from 3,000 yuan in 300 yuan, with a loan term of 1-30 days, and the interest rate is calculated on a daily basis). In addition, a certain handling fee will be charged according to the expected annualized interest rate, with a fixed amount of each 5 yuan. Mainland citizens with good credit and 18 years of age or older can apply for Tencent QQ "cash loan". In addition, the borrower's loan amount and term will increase with the accumulation of the borrower's credit score. The "flower garden" of Alibaba Alipay, an e-commerce platform, is limited to the credit consumption of the client, and it is stipulated that the repayment before 10 next month after the receipt of goods can enjoy interest-free, and the overdue interest rate is calculated on a daily basis). The annualized interest rate is about 1 year, and the consumption amount is still subject to the rate of 12, depending on the specific commodity. Another consumer credit product of Alipay, "Borrowing Bai", can be withdrawn, and the interest rate is the expected annualized daily interest rate, ranging from 1 1,000 yuan to 50,000 yuan. Like credit cards, "spend money" and "borrow money" are not applied casually. Only users with sesame credit score above 600 can apply. The credit line is given after comprehensive evaluation of ant micro-loan. JD.COM "Baitiao" users can choose interest-free deferred payment or installment payment for up to 30 days from March to 1 February, and can apply for a personal loan of up to110,000 yuan. If the user chooses the latter, the interest shall be calculated according to the expected annualized interest rate of each period. If the repayment is overdue, it shall pay liquidated damages to Jingdong on a daily basis. The above three categories are relatively mainstream Internet consumer loan platforms. Users can choose the platform that suits them according to their own situation. In addition to the expected annualized interest rate, they should also examine the characteristics of reliability and convenience.

2. Which is more cost-effective, consumer loan or mortgage?

Mortgage loan. Consumer loans refer to consumer loans, which are usually loans granted to consumers by commercial banks and financial institutions on the basis of consumer credit. The interest rate of consumer loans is much higher than that of mortgage loans, so consumer loans are 2.5%. Mortgage refers to house mortgage loan, which refers to the lender mortgage to buy a house who repays the house loan to the bank on time every month.

3. Which of the three common consumer loans is the most cost-effective?

What are the common consumer loans? According to Bian Xiao, there are only two common forms of consumer loans, one is traditional bank consumer loans, and the other is credit card installment payment.

Personal consumption loans launched by commercial banks are familiar to everyone. Personal consumption loans are loans granted by commercial banks for consumption purposes (non-business purposes) of natural persons (unincorporated persons or organizations).

The biggest feature of personal consumption loans is strong pertinence, such as personal comprehensive consumption loans, personal travel loans, personal car loans, and national student loans. Of course, people are most familiar with personal housing loans. In recent years, in order to meet the growing demand of consumers for loans, banks have designed their own loan products, and various credit loan products that do not require mortgage guarantee and are convenient to apply for are especially welcomed by consumers.

Compared with bank consumer loans, it is more convenient to apply for credit cards by stages. Credit card installment is a widely used form of consumer loans at present, and many young consumers are particularly keen on buying laptops or digital products. Generally speaking, as long as there is a credit card, a single consumption can meet a certain amount of requirements. Those who exceed 500 yuan can directly apply for a single installment payment through telephone banking and online banking.