Speaking of Suning, I think my friends are no strangers to Suning Financial's loan products. The loan products from Suning Finance, such as willful payment and willful loan, are also the most representative and well-known credit loan products of Suning Finance. If you are a small partner who has just entered the online loan circle, speaking of Suning, you may have a deep impression on household appliances. In fact, compared with online loan products, the corner of Suning.cn, a big city, left the deepest impression on the public. Let me introduce you to the differences and characteristics between willful payment and willful loan.

1 product properties

Arbitrary payment: Arbitrary payment is a consumer loan product. The difference is that it can be used not only in Suning Mall, but also in existing stores and third-party institutions, which is very convenient.

Self-willed loan: Self-willed loan is a new credit product launched by Suning Finance, which is simply a micro-credit loan.

Summary: The difference between willful payment and willful loan can refer to borrowing and expenditure. Simply put, willful payment is equivalent to a virtual credit card, which is paid first and then repaid, while willful loan is a personal microfinance product.

2. Loan amount

Free payment: up to 200,000 yuan.

Willful loan: up to 300,000 yuan

Summary: Both of them have very high quotas. Even if they can't get this maximum amount, according to user feedback, the average amount of each person is not low, with tens of thousands, which can meet daily consumption needs.

3. Term of the loan

Voluntary payment: the interest-free period is up to 45 days, the ticket is issued on June 1 day, and the repayment is made on June 15. The longest installment period is 60 months, that is, 5 years.

Willful loan: The longest validity period is 10 year.

Summary: the loan period is very long, which can alleviate the economic pressure to a certain extent, and it is very good.

4. Cash withdrawal

Arbitrary payment: the consumption limit is only used for shopping and cannot be withdrawn, and the flexible use limit can be withdrawn, but it is only 20% of the total amount of arbitrary payment.

Self-willed loan: if there is a quota, you can withdraw it in full.

Step 5 be similar

After applying for discretionary payment and discretionary loan, you can view the audit status, loan amount, repayment period and other information. Moreover, you can also set the expiration reminder, repay the loan in time and improve the credit rating!

Summary: Free payment can actually be regarded as a small loan product to some extent, because it can also withdraw cash, and the credit line is too low. And willful loans make up for this defect well. According to the feedback, the amount is very rich.