The difference between Huabei Credit Purchase and Huabei is: first, the lending entities are different. Huabei is Ant’s exclusive brand that provides consumer credit services and is funded by Ant; Credit Purchase is provided by banks and other financial institutions. Consumer credit services are fully funded by banks. Whichever bank you choose will be displayed for credit purchases. Secondly, the quotas are different. Huabei focuses on small and medium-sized loans, which are mainly used for small amounts in consumers’ daily lives. Consumption demand; credit purchases are used for medium and large consumption needs. Generally speaking, the Huabei limit will be significantly reduced, and will be replaced by a certain bank's credit card limit.

Huabei Credit Purchase is still the same as before, except that it has added the exclusive brand of Alipay consumer credit services and consumer credit services provided by other financial institutions; in terms of reporting credit reports, the usage of Huabei is determined by Ant Consumer Financial Company reports to the credit reporting system, and "credit purchase" type services will be reported by banks and other financial institutions that provide services; in terms of brand, Huabei will focus on small and medium-sized amounts, follow the principles of inclusiveness and decentralization, and focus on serving the The small and medium-sized consumption needs of users’ daily life. If users need more quota, they can obtain it through the "credit purchase" service.

Based on consumers’ online shopping conditions, payment habits, credit risks and other comprehensive considerations, Ant Huabei uses big data calculations and risk control models to grant users consumption quotas ranging from 500-50,000. When consuming, users can advance Ant Huabei's credit and repay on the 9th of the next month after receipt of the goods is confirmed. The interest-free period can be up to 41 days. In addition to the consumer experience of "buy this month, pay back next month, super long-term interest-free", Ant Huabei also launched the Huabei installment function, where consumers can repay in 3, 6, 9, or 12 months. The 9th of every month is the repayment date for Huabei. Users need to pay off the Huabei bills that have been incurred on the repayment date. On the due date of repayment, the system will automatically deduct the balance of Alipay account, Yu'E Bao (requires Yu'E Bao deduction function), and debit card quick payment (including card) to repay the unpaid portion of the bill.

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