Users open Alipay wallet, click "Wealth" to check sesame credit score, and then click "Finance" in the "Credit Life" menu to enter "Borrowing", which has not been opened yet. In mid-April, Sesame Credit will be connected to the consumer credit products of Ant Microfinance, and users with sesame scores above 600 can apply for loan lines ranging from 1000 yuan to 50,000 yuan.

At present, the longest repayment period of "borrowing" is 12 months, and the expected annualized interest rate on the loan day is 0.045%, which can be repaid with the borrowing. The amount applied by users can be transferred to Alipay balance, just like a loan obtained from a bank.

Compared with traditional personal loans, "Lending Treasure" does not require users to submit complicated personal materials and financial certificates, but only depends on sesame credit score to judge and check the credit rating of users, and the loan can be completed in 3 seconds.

In addition, users with a sesame score of 700 or more can also apply for a "good loan" with a loan amount of 2000- 1 10,000 yuan. The loan term is divided into 3 months, 6 months and 65,438+02 months, and the loan can be repaid at any time, with monthly interest. The repayment method is equal principal and interest. Users with more than 700 points can apply for both "borrowing" and "good loan", which adds up to a maximum loan of 60,000 yuan.