1,1February equal principal and interest, that is, monthly equal principal and interest repayment method.

2. Pay interest on a monthly basis, and the repayment method of principal at maturity is 6 months.

Online merchant banks apply for loans.

1, open the mobile phone Alipay, click "My", and then click to enter the online merchant and download the online merchant's APP；;

2. The registered account needs to scan the identity document online for verification, and then bind the bank card and Alipay account;

3. Click on the loan;

4. Go to the page where I want to borrow money. As can be seen from the above, the order loan bears interest on a daily basis, and the daily interest rate is 0.0483% (a one-time handling fee of 0.2% is charged for prepayment);

5. Enter the average fund page, borrow 10000 yuan, which can be used for 12 months, and the daily interest rate is 0.05%, just like the original ant loan. If you borrow 1 000 yuan, the total interest is 987.92 yuan;

6. The estimated monthly repayment amount will be displayed. The specific repayment amount is subject to the actual bill after the loan.

What are the loan conditions of online merchant banks?

The loan application conditions are as follows:

1. Individual users are bound to Alipay or bank accounts, and enterprise users are industrial and commercial registration 1 year;

2. The applicant is the legal representative of the enterprise or the person in charge of individual industrial and commercial households, aged 18-65 years old, and a resident of Chinese mainland;

3. Confirmed areas, some areas (Tibet, Xinjiang, Inner Mongolia, Gansu, Ningxia, Hainan, Qinghai, Wenzhou) have not yet opened the above services.