Specific calculation rules of ant borrowing interest:
1, repay part of the principal every month, and the repaid part will not generate interest. That is to say, if you borrow 1 10,000 yuan and need to repay 902 yuan every month, the first month is 760 principal+140 interest, then the second month will not calculate the 760 repaid in the first month, and the interest will become/kloc-
Because the interest generated every month is less and less, the repayment is equal to 902, so the part of the monthly interest reduction is the overpaid principal. The more principal is paid each month, the less interest will be paid next month, which is a virtuous circle. So the equal amount will be much lower than the total repayment with interest.
2. Interest before interest is the annual interest calculated according to the daily interest rate of the borrower's account. For example, if your daily interest rate is 4/ 10000, then the daily repayment is 10000*0.0004=4 (check your own interest rate), because the principal from the first installment to the last installment has been 10000 yuan, so the monthly interest generated is 65438 yuan.
So what needs to be repaid in the end is the interest 10000 yuan for the whole loan period.
Extended data:
Ant Borrowing is an Internet consumer credit product launched by Ant Financial. Since the launch of15 in April, loans ranging from 1000 to 300,000 yuan have been issued to more than 30 million Alipay users.
According to the process of lending treasure, 30 million users can log in to Alipay at any time and find the entrance of ant lending treasure in the "My" menu bar, and the whole process from checking the quota, borrowing to lending can be completed within half a minute at the earliest.
The data shows that ant borrowing is very popular among users in coastal areas. Among them, Guangdong has the largest number of users, accounting for 16% of the total users, followed by Zhejiang, Jiangsu, Fujian and Shanghai, accounting for 14%, 9%, 7% and 6% respectively.
Since the beginning of this year, consumer financial policy dividends have been frequent, and the regulatory authorities have continuously released signals to encourage consumer credit innovation. Just on March 30th this year, the Central Bank and the China Banking Regulatory Commission jointly issued a document to encourage exploring the use of Internet, big data analysis and other technical means to develop standardized online micro-credit loans, realize online application, approval and lending of consumer loans, and build a self-service consumer loan platform.
Baidu encyclopedia-ant borrow it
China News Network-Ant went online for one year and granted 30 million users consumer credit.
What is the interest rate for ants to borrow money? Teach you how to get low interest rates.
The number of Alipay users exceeds 500 million. I believe many people know that ants borrow money and many people often use it to borrow money. What is the interest rate for ants to borrow money? How else can we get a lower interest rate when borrowing money? Let's take a look together.
What is the interest rate for ants to borrow money?
The daily interest rate of ants borrowing money is generally four ten thousandths, and the calculated annual interest rate is 365*0.04%= 14.6%.
Ant, how to open it?
1. Install Alipay wallet on your mobile phone, open the homepage of Alipay wallet, and select the wealth function key at the bottom to enter the wealth function page.
2. On the function key page, you can see the function of Sesame Credit. Click to enter the Sesame Credit page.
3. On the Sesame Credit page, you can see the score showing Sesame Credit. Click the Credit Life button at the bottom to enter the page.
4. Click on the credit life below to open the sesame credit life. Financial services can be opened through sesame credit loans. Click on the loan service. Enter the loan page.
How to reduce the loan interest rate?
1. Increase the use of loans.
It is relatively easy for most people to borrow more times when they have nothing to do, maintain good credit behavior and reduce the daily interest rate to 0.04%.
2. Improve the sesame credit score.
The interest borrowed by ants is closely related to everyone's comprehensive credit. Therefore, everyone should pay attention to improving their credit in daily life. For example:
(1) Shopping, transferring money and purchasing wealth management products through Alipay. With the increasing use of Alipay, the borrower's credit will increase and the interest may also decrease.
(2) Participating in public welfare activities through Alipay is also good for credit enhancement. Everyone can not only help the needy groups through Alipay, but also participate in afforestation activities.
(3) With the increase of ant borrowing frequency, the loan record is good, and the loan interest will also decrease.
3. Try to open a Taobao shop.
There have been such examples. Some people have just opened a shop, but they have never sold anything, but the daily interest rate for lending them is the lowest 0.0 15%.
4. Redeem the discount coupon of the loan interest rate.
Everyone knows that Alipay has ant members, which are divided into four grades: Volkswagen, Gold, Platinum and Diamond. The higher the level, the more benefits and activities you can enjoy.
Excuse me. How to borrow it in January?
Equal principal and interest.
Whether the loan interest can be withdrawn depends on the repayment method chosen. There are two ways to borrow money: equal monthly payment, with interest paid first and principal paid later. The total interest paid for equal monthly payment is less than interest paid first and principal paid later, so it is more cost-effective to choose equal monthly payment than interest paid first and principal paid later.
Borrowing is a personal consumption loan service launched by Alipay. According to the purpose of each account, the approved loan amount and interest rate are different. The maximum loan amount is 300,000 yuan, and the daily interest rate range is 0.0 15%-0.06%, which supports prepayment and daily interest calculation.