Online merchant loan is a bank loan of Alipay online merchants, which can only be operated on mobile phone Alipay. The loan process is relatively simple, and users do not need to submit complicated income certificates and other materials, but only rely on sesame credit scores to judge and check the credit level of users. As long as the user meets the application conditions and there is no abnormality, the withdrawal time of Alipay online merchant loan is about 1 to 3 working days, and the fastest is 3 minutes.

The definition of online business loan is the same as that of previous loans, and it is an Alipay financial loan product. The service object of online merchant loan is Alipay users, mainly providing fast loan service for Alipay users, and the interest rate is very low. The daily interest rate is 0.0 18%, and its loan interest rate is very, very low in the current financial products, which is a great benefit for friends who are eager for microfinance.

Extended data:

Online merchant loan is a financial service function similar to borrowing, which can realize Alipay loan. Online business loan is a financial service for pure credit personal business loans in Ali system. It is unsecured and free of guarantee, and its interest rate is much lower than that of similar products in the market. It can quickly solve the capital problem and steadily develop the market function.

The Internet finance business named "Advanced Online Business Loan" is not that Ali directly provides loans to SMEs, but that banks such as China Bank, China Construction Bank and China Merchants Bank provide loan services to SMEs. According to its big data capabilities, Ali provides banks with key information such as orders and transactions of loan companies, helping powerful SMEs to obtain bank loans quickly.

Ali Bank teamed up with Bank of China and China Construction Bank to promote the advanced version of online commercial loans? -Guangdong Channel-People's Network