First of all, learn about the interest of ant loans and bank interest. (1) Ant loan is an online micro-loan. The interest of ants borrowing money is daily interest, ranging from 0.03% to 0.06%. The daily interests are different according to each user's situation.
For example:
Zhang San borrows ants 1 0,000 yuan, and Zhang San's ants borrow 0.05% interest every day. Therefore, it can be calculated that the interest of a three-day system is 1 0,000 yuan *0.05%=5 yuan, and the interest is calculated for 365 days a year, and the total interest for one year is 5 yuan *365 days = 1 0,825 yuan;
According to the interest formula, interest = principal * interest rate * conversion of time interest rate = interest/(principal * time) * 100%= 1825 yuan /( 1000 yuan * 1 year) *100. This is the annual interest rate of Zhang San Ant's loan, and the annual interest rate of Zhang San Ant's loan is 18.25%.
(2) Bank loan interest shall be settled at the annual interest rate. The benchmark annual interest rate of commercial loans is 4.9%, and some banks will rise 10%~30% on the basis of the benchmark annual interest rate of loans. After the bank's loan interest rate rises, it is generally 5.39%, 5.88% and 6.37%, and everyone's loan interest rate is different.
(3) Compared with the bank loan interest rate, if the annual interest rate of the ant loan is 18.25% and the bank loan interest rate is 5.39%, it can be calculated that the annual interest rate of the ant loan is a multiple of that of the bank. 18.25%/5.39%=3.4 times.
What are the advantages and disadvantages of ants borrowing and banks? Ants borrow small loans, and banks have small loans and big loans.
Advantages of ant borrowing: fast loan, low loan requirements, no formalities and no collateral.
Disadvantages of ant borrowing: high interest on loans.
Advantages of bank loans: low loan interest;
Disadvantages of bank loans: it is difficult to lend money, the procedures are troublesome, the loan requirements are high, and large loans need collateral.
Finally, it analyzes why the interest rate of ants is about 3.4 times higher than that of banks, and why some people are willing to borrow money from ants.
Everyone is very clever. Who doesn't want to borrow money from cheap places? Sometimes they are forced to borrow money at high interest rates! People who are willing to borrow money from ants mainly have the following types:
(1) These users who borrowed money from ants have been unable to borrow money from banks and can only borrow money from ants at high interest rates.
(2) The bank credit card is used up, but the money is still not enough, so we can only borrow money from ants at high interest rates.
(3) Some people don't have credit cards at all, and they haven't borrowed money from banks; But ants can borrow money, so they will only lend money to ants at high interest rates.
(4) Some people think it is troublesome for banks to borrow money, so they need to handle this and that. As long as you have this function, ants can borrow money in a limited amount, which is fast, without any mortgage, and the threshold for borrowing money is too low to prevent banks from borrowing money from ants in a straight line.
In short, it is difficult to make money and spend money quickly in today's society. Many people can't make ends meet every month and their wages are not enough. They can only make a living by borrowing from banks or making small loans. Therefore, as long as the ants in Alipay borrow money, there are always some people who are willing to borrow money from ants for various reasons. No matter how high the interest is, many people are forced to borrow money.