The bank's loan interest is definitely lower than Alipay's ant borrowing, but the bank's loan application process is more troublesome, and as long as there is a quota, it can be loaned or repaid, which is fast and convenient.

At present, the daily interest of borrowing money is around10.5 million, which is relatively not cheap. It is more convenient if you are in a hurry to use money.

2. Which is higher, Alipay loan interest or bank loan interest?

The comparison between Alipay loan interest and bank loan interest is as follows:

1. The daily interest rate of Alipay's loan interest is generally 4,000 or 5,000, that is, the annual interest rates are 14.4% and 18%. Compared with other lending apps, Alipay's loan interest is not very high, but it is still higher than bank interest;

2. Bank credit loans are generally below 10%. As a large user of loans, although the interest rate is small, the amount of loans it borrows is large enough to rival the high interest rates of those small loans.

Extended data:

Interest analysis of Alipay loan and bank loan;

1. Lending is indeed a high interest rate, but the entry threshold is low. Usually, the loan amount you can get is evaluated by the system according to the sesame credit score and some records of your use of Alipay. The number of Alipay loans is limited, not as much as you want to borrow;

2. Although the interest rate of unsecured personal loans of banks is low, there are barriers to entry, and the number of loans that banks can borrow is much larger than that of other lenders, which has greater lending advantages. Most banks' products should examine your own qualifications, such as whether you have a regular job, monthly repayment amount, overdue rate and so on. In addition, in addition to interest, a monthly management fee may be charged.

Third, is it high interest to borrow money or to borrow money from the bank?

The daily interest rate of Alipay loans is generally 14000 yuan or 15000 yuan, that is, the annual interest rates are 14.4% and 18%, while bank credit loans are generally below 10%. In other words, it is also a loan, and the interest of Alipay Ant Financial is much higher than that of bank loans.

The interest rate of borrowing money is indeed higher than that of unsecured personal loans from banks. Although the interest rate of unsecured personal loans of banks is low, there are barriers to entry. Most banking products have to check your own qualifications, such as whether you have a fixed job, how much you pay monthly, the overdue rate and so on. Besides the interest, you may have to charge a monthly management fee.

Now let's talk about borrowing money. Borrowing money does have high interest, but the entry threshold is low. Usually, based on the sesame credit score and some records of your use of Alipay, you can systematically evaluate the loan amount you can get.

4. Which interest rate is higher than the bank?

The loan is high, and now the bank is not low.