1. Age 18 (inclusive), for mainland users;
2. The account status is normal and has passed the real-name authentication;
3. The account is bound to the mobile phone;
4. The account has been bound with a savings card.
Alipay, as a widely used third-party payment in China, has penetrated into our lives and become an inseparable part. Among them, spending money in advance and borrowing money have helped us solve many urgent needs.
Ant Flower Bud is a consumer credit product launched by Ant Financial. After the application is opened, you will get a consumption quota ranging from 500 to 50000 yuan. When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first, then paying".
Borrowing is a loan service launched by Alipay. At present, the application threshold is more than 600 points for sesame seeds. According to different scores, the loan amount that users can apply for ranges from1000-300,000 yuan. The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan.
Flower Garden is a consumer credit product launched by Ant Financial, with a maximum consumption of 50,000 yuan. Users can advance the amount of ant flowers and enjoy the shopping experience of "spending first, then paying". Borrowing is a loan service launched by Alipay, with a maximum amount of 300,000 yuan, the longest repayment period of 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid as you borrow it.
The difference between borrowing and spending:
1, different ways of using:
Loans mainly provide cash loans, which can be used for consumption, travel and study. Flower buds are mainly used for installment payment and cannot be withdrawn. Ant flowers can only be used in cooperative places.
2. Different repayment methods:
The loan is in monthly installments, which can be divided into 3 to 12 months. Ant Flower Garden decides whether to pay by installment on the 9th of next month, and the installment time is relatively short. The loan period is long, which brings little repayment pressure to the borrower.
3. The loan interest is different:
The loan interest is charged on a daily basis, with a daily interest rate of 0.03%, and one day's interest is counted as one day's loan. Flower buds have an interest-free period of up to 50 days. If it is a short-term loan, from the cost point of view, ant borrowing is better than ant spending.
Flower buds can only be used for shopping and cannot be lent or transferred in advance. Borrowing money is the same as spending money. You can't spend directly, but you can borrow, transfer, withdraw cash and spend through Alipay balance or bound bank card.