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Chanting is the full name of the ants, is a consumer credit product launched by the ants, after the application is opened, will be given 500-50000 yuan of consumption credit. Users can advance the amount of ant chanting to enjoy the shopping experience of "consume first, pay later" when consuming.
On August 4, 2016, the Ant Chanting Consumer Credit Asset Support Securities project was listed on the Shanghai Stock Exchange, which is also the first Internet consumer finance ABS on the SSE.
As of January 2018, Ant Gold Service has taken the initiative to increase its capital by 8.2 billion yuan to two small loan companies, and its registered capital was raised from 3.8 billion yuan to 12 billion yuan.
On May 18, Chanting announced that it had opened its doors to banks and other financial institutions to open up.
September 22, 2021 reported that chanting has access to the central bank credit system, if the user refuses to access will not be able to use.
Users can advance the amount of Ant Chanting when spending, and repay on the 9th of the next month after confirming receipt of goods, with an interest-free period of up to 41 days. In addition to the "buy this month, the next month to pay back, long interest-free" consumer experience, ant flower chanting also introduced the flower chanting installment function, consumers can be divided into 3, 6, 9, 12 months for repayment.
These are the first time I've ever seen a woman in the world who has been in the same boat as me, and I've never seen her in the same boat. The system automatically deducts the balance of your Alipay account, the balance of your bank account, and the amount of your debit card (including cartoons) to pay for the outstanding portion of your bill on the payment due date. Repayment can also be made on your own initiative. To avoid late payment, please make sure that your Alipay account has sufficient amount. A late fee of five ten thousandths of a percent will be charged every day if the payment is overdue.
On November 12, 2018, the Alipay App went live with a preview of a new feature that said the flower chanting deferred repayment function will be fully opened on December 1st. Simply put, chanting extension is equivalent to a simple transition, which can somewhat reduce the repayment pressure of the chopping party.
July 30, 2019, Alipay opened chanting out date and corresponding repayment date adjustment appointment: chanting signing more than one year of users, through the system evaluation, you can enter the chanting - my - repayment day settings, the user can now choose to repay on the 15th or 20th of each month, the date of out of the account will also be adjusted to the 5th or 10th of each month accordingly.