1. Different financial institutions: Huabai is a consumer credit service provided by Ant Consumer Finance Company, with funds from Ant Group. This means that Huayuan's funds come from the financial subsidiary of Internet giant Alibaba. Credit purchase is a consumer credit service provided by banks and other financial institutions, and the funds are entirely funded by banks. This means that the funds for credit purchase come from traditional financial institutions, such as banks.
2. Different quotas and uses: Flower buds focus on small loans, which are mainly used for small consumption needs and medium and large consumption needs in consumers' daily lives. The amount it provides is relatively small. The amount of credit purchase is higher, which can meet the credit demand of more consumers, and is mainly used for large and medium-sized consumption demand. Therefore, credit purchase is suitable for users who need a higher amount of consumption and consumption staging.
3. The rate audit is different: the rate audit of Huabai is the responsibility of Ant Consumer Finance Company. This means that the interest rate and cost standard of flower buds are formulated and managed by Ant Group. The rate audit of credit purchase is the responsibility of financial institutions providing services. This means that banks or other financial institutions will set interest rates and fees according to their own risk assessment and policies. Therefore, the rate of credit purchase may be subject to stricter financial supervision and review.