1. What is a revolving credit line?
2. Users can directly inquire about the loan amount they can apply for after applying for loans through micro-loans. On the specified repayment date, the borrower needs to pay off all the loans at one time, and the user can choose to repay them by installments. This loan method is calculated on the basis of 30 days a month. After the borrower pays off the loan in the first month, it will automatically close the account for 30 days, and the number of extensions is unlimited. This is a revolving credit line.
3. Microfinance is not a revolving line and cannot be recycled.
4. For example, after a borrower borrows money once, if the borrower fails to pay off all the loans, he can't apply for a loan from the microfinance platform again. Some people can't pay off the debts of small loans in time when funds are tight, and borrowers appear. In case of overdue, the borrower may apply for a loan from the platform again after paying off the loan, and the borrower's quota may be reduced or even not approved.
Understand in detail, can't microfinance be a revolving loan? Go to: See more.
Can I borrow more money at the same time through small loans?
Of course.
There is no limit to the number of loans. As long as the user's account status is normal and the "loanable amount" is not used up, you can borrow many times.
Micro-loan adopts user invitation system. At present, invited users can see the entrance of micro-loan in QQ wallet of mobile phone QQ and WeChat wallet of WeChat, and can get a maximum loan amount of 300,000 yuan.
The loan amount will increase with the accumulation of users' credit records, and maintaining a good credit record will help to increase users' credit amount. Micro-loan also allows users to settle loans at any time without charging any additional formalities.
Extended data
Interest on small loans is calculated according to the actual loan days, with daily interest = remaining unpaid principal * daily interest rate.
For example, the loan amount is 10000 yuan and the loan term is 10. Daily interest of the first installment is 5 yuan (10000 * 0.05%); After paying off the first installment, the remaining principal is 9000 yuan, with daily interest of 4.5 yuan (9000 * 0.05%); And so on.
After the prompt "Loan application is successful", it means that the funds have been successfully distributed to the user's collection bank card and cannot be cancelled. If the user's plan does change, the loan can be paid off in advance the next day, and only one day's interest is needed.
Can micro-loans be recycled?
Small loans can be recycled. Microfinance does not limit the number of times users borrow. As long as the user meets the loan conditions, the applicant can apply for small loans anytime and anywhere. However, borrowers need to pay attention to the fact that micro-loans need to check credit information every time they borrow, and overdue credit information has a great impact. At present, as long as there is a loan amount on the loan page, and the loan amount is greater than or equal to 500, users can apply for loans many times.
One; Micro-loan products are positioned as Internet micro-credit products, with loan amount below 200,000 and loan interest rate lower than that of ordinary credit cards. "Micro-loan" is the first batch of customer-oriented users who are most suitable for "micro-loan" through the "white list" mechanism, mainly in Weizhong and Tencent. Next, Weizhong Bank will launch QQ wallet and WeChat wallet. "Micro-loan" adopts the user invitation system and is randomly selected from users who meet the current credit conditions.
Second; On May 5th, 2065438, "micro-loan" was officially launched on mobile QQ, and on September 4th, it was launched on WeChat. Invited users can find "micro-loan" in "WeChat-Me-Wallet" or "Mobile QQ- Me -QQ Wallet-Fund Management".
Fourth; The version update adds the following functions: in the upper right corner, display the QR code to collect money; Add more artists' contributions to the emoticon store; Improve the experience on Apple watch and improve quick response and notification. Micro-loan has realized online operation, without face-to-face signing, and has realized 7×24 hours uninterrupted service. The main service targets of microfinance are individuals and self-employed individuals. By the end of 20 17, there were over1300,000 active credit customers and over10/0,000,000 accumulated loan customers, with an average loan of only 8,200 yuan, covering 3/kloc-0 provinces, autonomous regions and municipalities and 567 cities in China. It mainly relies on social data accumulated by Tencent for many years and personal credit data of the central bank. In addition to personal credit information, social data also accounts for a very important part in our scoring system. Whether it's' micro-loan' on WeChat or mobile phone Q, users' data in the whole Tencent system products will be fully referenced when granting credit, with emphasis on social data of these two platforms. However, in different channels, the criteria for judging the quota will be focused. For example, the' micro-loan' on hand Q will refer more to the activity of hand Q when setting the credit line for users; The' micro-loan' on WeChat will refer more to the activity of WeChat.
How many times can I borrow a small loan a day?
Small loans can be borrowed many times a day as long as there is a loanable amount, but the outstanding loans cannot exceed 20. If the loanable amount of micro-loan is 0, it can't be loaned again, and it can only be loaned after a loan is paid off. Micro-credit lines are recycled. As long as there is a loanable amount, users can borrow money anytime and anywhere.
Users can't have more than 20 outstanding loans in a single channel. If users have small loans on both WeChat and mobile QQ, they can borrow up to 20 on WeChat and 20 on mobile QQ. Single channel single loan cannot be lower than that of 500 yuan.
In the case that the user has not borrowed through micro-loans before, if the user can borrow 50,000 yuan, the user can borrow 10 times a day. If the user's loan amount is 10000 yuan, the user can borrow it 20 times a day. Even if the user's loan amount is 150000 yuan, the user can only borrow it 20 times a day.
Users need to calculate how many times they can borrow micro-loans a day according to the actual loanable amount. The maximum loan amount of a small loan is 40,000 yuan, which is an integer multiple of 100. Users need to plan the loan amount reasonably.
Small loan amount cannot be applied for manual withdrawal. If users have a lot of money, they can borrow money through other channels. Users need to maintain a good credit record, and timely repayment is helpful to increase the amount of microfinance.