1. Open the mobile Alipay APP and click "My"-"Online Business Loan" to enter;
2. Click "My Loan-Repayment" on the homepage of online merchant loan, enter the repayment amount, and then click "Confirm" to enter the payment password.
Users should ensure that Alipay is in a normal state when repaying, otherwise the repayment may fail. The online merchant's bank loan payment only needs to ensure that the balance of Alipay account or Yu 'ebao is sufficient on the repayment date, and it will be automatically deducted on the repayment date. In the case of sufficient personal funds, users can repay in advance, and the platform will not charge a handling fee.
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Online merchant bank is the first domestic commercial bank whose core system is based on cloud computing architecture initiated by Ant Group as the major shareholder. As one of the first five private banks approved by China Banking Regulatory Commission, it officially opened on June 25th, 2005.
The bank loan payment of online merchants is an installment loan product. When borrowing money, you must be 18 to 65 years old and be a resident of Chinese mainland, and your personal information must be bound to Alipay. After borrowing, interest will be calculated on a daily basis, and repayment will be made on a fixed day every month. When borrowing money, you'd better estimate your repayment ability, and don't overdue repayment in the future. Be sure to repay the loan on time after borrowing from the online merchant bank, otherwise the overdue record will be uploaded to the credit information center. After the personal credit information has deteriorated, it is difficult for users to apply for loans again. Moreover, handling loans and credit cards through bank channels will be rejected. It should be noted that there will be penalty interest if it is overdue.
Individuals should pay back quickly after the credit report is overdue. If he doesn't pay back the money, this record will always be recorded in the credit report and will never disappear. In the case of overdue repayment, the record will be kept in the credit investigation for 5 years and disappear after 5 years.
At present, online merchant loans support early repayment, but it also brings the following consequences to borrowers:
1, which requires a certain handling fee. At present, there are mainly five loan platforms under the online merchant loan, namely Ali Credit Loan, Online Merchant Loan (exclusive to international stations), Market Credit Loan, Tmall Credit Loan and AliExpress.
2. Affect the comprehensive credit rating of online business loans. Generally speaking, prepayment is a breach of contract, which will reduce the comprehensive credit rating of the borrower in the online merchant loan. If it is frequently repaid in advance, it is possible to lose the right to use the online business loan.
3. Affect the cooperation with Ali. For those who often pay in advance, it is easy to be identified as poor performance by Alibaba. Once it is identified as poor performance, it is likely to affect its future cooperation with Alibaba.