Micro-loan is an Internet loan product launched by Weizhong Bank. Microfinance is 1, unsecured and unsecured; 2, 724 hours service, the fastest 1 minute to complete the loan; 3. The product features that it can be borrowed and returned, and there is no handling fee for prepayment.
2. Small loan is divided into 20 installments of 20,000 yuan. How much is each installment?
In case of repayment, the monthly interest rate is 1.5, and the specific calculation formula is as follows:
If the principal and interest are equal, the amount of the loan principal and interest repaid every month is the same (that is, the total repayment amount is the same every month, and the interest is repaid one by one).
Monthly repayment amount = loan principal × repayment months) /(( 1 monthly interest rate) × repayment months-1)
If it is average capital: the same amount of principal is repaid every month, and the monthly interest will be reduced accordingly due to the decrease of the remaining principal.
Monthly repayment amount = loan principal/repayment months) × monthly interest rate
"Micro-loan" is a pure online micro-credit launched by Weizhong Bank, the first internet bank in China, for WeChat users and mobile QQ users. It was launched on mobile QQ in May and on WeChat in September. "Micro-loan" adopts the official invitation system, and invited users can get a loan amount of up to 200,000 yuan on the mobile phone Q letter "WeChat Pay".
Supplement:
1. As an Internet banking loan product launched by Weizhong Bank, "micro-loan" has the following characteristics:
(1) No guarantee, no.
Most personal loans provided by traditional financial institutions require borrowers to provide guarantees such as mortgages, and it is difficult for individual users who cannot provide guarantees or have no fixed assets under their names to obtain loans. Small loans can meet the financing needs without submitting any paper materials.
(2)724-hour service, the fastest 1 minute to complete the loan;
Relying on strict risk control rules and complete technical support system, "micro-loan" provides 724-hour online service with convenient and efficient procedures. All processes are completed on the mobile phone, and the loan can be received in 40 seconds at the earliest.
(3) There is no handling fee for prepayment;
Most traditional financial institutions need users. If the user wants to repay the loan in advance, the default deduction will be made. "Micro-loan" also allows users to settle their loans at any time without using them.
Second, the amount and interest rate.
The credit line of "micro-loan" is between 100 yuan and 200,000 yuan, which varies according to the individual's comprehensive situation. A single loan can be from 100 yuan to 0.05% of 40,000 yuan, and the daily interest of 1 10,000 yuan is 2-5 yuan.
By the 20th, more than 28 million customers have been paid to nearly 600 cities in 3/kloc-0 provinces, municipalities directly under the central government and autonomous regions, with a cumulative amount of more than 3.7 trillion yuan. )
Third, qq micro-loan cannot obtain credit information. Will applying for a small loan be investigated for credit information?
The answer is yes. Micro-loans are issued by Weizhong Bank. Once you apply for a loan, it will definitely be shown in your personal credit report. So when you first apply for a small loan, your usage will be reported.
If your micro-loan is overdue, not to mention other effects on you, but the overdue record will leave a stain on the central bank's credit information. As we all know, credit information is your economic identity card in the People's Bank of China, which has a close influence on future loans, credit cards and various economic activities.
Weizhong Bank will check the applicant's credit report when applying for small loans. Click on the micro-credit inquiry quota in WeChat wallet, and Weizhong Bank will apply to the People's Bank of China to inquire about the credit status of users.
According to the central bank's credit rules, micro-loans are revolving loans, and the credit line will be displayed in the credit report, not the loan line.
That is to say, when your line is 5000 yuan, you only borrowed 1000 yuan, and the credit report will show "10000 yuan" instead of "1000 yuan". Moreover, once the quota is checked, the credit report will be inquired. Too many times will adversely affect your credit report.
Reminder: Frequent investigation of personal credit information will make banks think that you are short of money, thus increasing the difficulty of applying for credit cards or bank loans; There are more and more online micro-credit platforms. If you are not in a hurry to use the money, don't drive yet. Used credit cards must be repaid on time, and personal credit information should be kept.
Fourth, is it reliable to borrow money from WeChat microfinance?
100% of the borrowing platforms can be borrowed. It is easier to borrow money without looking at the formal borrowing platform. How to choose a regular online loan? When choosing loan software, borrowers usually pay attention to low loan interest rate, complete qualifications, large loan amount and good platform reputation. If possible, everyone wants to apply for a bank loan. 1, bank loans: Common bank loans include: ICBC e-loan, China Merchants Bank e-loan, lightning loan, CITIC New Fast Money, Pudong Universal Fund, etc. 2. Personal network/consumer finance: one is to see whether there is a loan qualification, that is, whether there is a financial license issued by the central bank; One is to see if the loan interest rate is reasonable. Generally speaking, a reliable company will specify the loan cost, and the annualized interest rate will be within 36%, that is, the annualized interest rate will not exceed 4 times of the LPR in the same period. The stronger the shareholders behind the company, the higher the reliability. If the shareholders of the company are central enterprises, large state-owned enterprises and enterprises with high social visibility, then the company is still relatively reliable. Top ten loan platforms, top ten conscience loan platforms recognized by the state! 1, Baidu Consumer Finance: Baidu Consumer Finance not only holds the online small loan license, but also indirectly obtains the consumer finance license by taking a 30% stake in Harbin Consumer Finance. Its strength cannot be underestimated. The representative product is a pure credit loan with money to spend, which is lent in cooperation with seven major banks. The maximum amount is 200,000, and the daily interest rate is as low as 0.02%. Without mortgage guarantee, you can apply by providing your second-generation ID card and my debit card. The approval is fast and the loan is fast. Borrowers with good credit can try. Xiaoman-Rich Flowers (the second batch) Click online measurement.
2. 360 Finance: 360 has a good financial strength. By acquiring or participating in its subsidiaries, it holds six financial licenses, including insurance brokerage, online small loan, gold exchange, financing guarantee, consumer finance and fund agency license. On behalf of the product, there are 360 IOUs, which are pure credit consumption loans and unsecured guarantees. Credit application, Chinese mainland residents aged 18-55, provide ID card and mobile phone number password to authorize the binding of savings card to get a loan, with a maximum amount of 200,000 yuan and a daily interest rate of 0.027%, which is suitable for office workers. Click online measurement
3. Ping An Consumer Finance: In April 2020, it was granted a consumer finance license by China Banking Regulatory Commission, and officially opened on April 23, with a registered capital of RMB 5 billion. Ping An Group holds 30% of the shares, and three affiliated companies in lufax hold 70%. On behalf of products, Ping An Bank's new loan (quick loan) can be up to 500,000 yuan! 0 mortgage, 0 guarantee: no guarantee is needed, only personal credit is needed, and the application threshold is low: you can apply for a new Ping An loan with an average monthly income of more than 4,000 yuan (provident fund, mortgage, insurance policy).