The loan is charged at the rate of 0.045%, and one day is the same as 12 months. The specific calculation method is: interest = principal × daily expected annualized interest rate. Total repayment = principal+interest.

Borrowing is a loan service launched by Alipay. According to different sesame scores, users can apply for different loan quotas. The interest of ants is charged on a daily basis. The daily interest rate ranges from 0.0/kloc-0.5% to 0.06%, and the interest rate is different due to the different comprehensive evaluation of each account. The interest rate of the loan will be evaluated from time to time according to your account situation, and may increase or decrease according to the page display. If your daily interest rate is 0.05%, then the daily interest for borrowing 1 ten thousand yuan is: 10000*0.05%=5 yuan. Generally speaking, the interest on borrowing money is not low, so you should pay attention to your repayment ability when applying. If loans overdue, it will affect the individual's sesame credit, but also need to pay higher interest. Under normal circumstances, if you can't repay the arrears, I suggest you apply for installment repayment.

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Ant loan is actually an unsecured credit loan with an annualized interest rate of 14.6%. If it is used for emergency turnover, it is very convenient, and it will arrive in three minutes within the quota.

Of course, if the loan cannot be repaid on time, the consequences will be equivalent to bank lending.

Ant Financial Services Group (hereinafter referred to as "Ant Financial Services") started from Alipay, which was established in 2004. 20 14 10, Ant Financial was formally established. With the vision of "bringing small and beautiful changes to the world", Ant Financial is committed to building an open ecosystem, helping financial institutions and partners to accelerate their March into "internet plus" and providing inclusive finance services for small and micro enterprises and individual consumers through the "Internet Propeller Plan".

"Borrowing" is a loan service launched by Alipay, and the current application threshold is that sesame scores are above 600 points. According to different scores, the loan amount that users can apply for ranges from1000-300,000 yuan. The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan.

At present, the consumer loans launched by e-commerce giants are mainly aimed at the installment under the consumption scenario of this e-commerce platform, but with the continuous accumulation of personal credit data, personal credit loans for non-consumption scenarios are also being launched one after another. The following is the actual experience of Eagle Capital Financial Circle:

1, deposited in Yu 'ebao or Zhaocaibao (regularly), and the money deposited in 15000+ can basically be paid out after 10, usually at1-10;

2. Download the online merchant bank app on your mobile phone, and then deposit it in the balance. Ten thousand+deposits can basically be lent out in one month+ten thousand consumer loans from online merchants' banks;

But there are still netizens who spit out Uncle Ma Yun; One of the reasons why I am not optimistic about these internet companies engaging in finance is that they have no experience in receiving users who can't even tell the difference between interest and handling fees.

This part of the business naturally has an impact on similar businesses of banks. After all, the scale of several major Internet giants is there. But not every industry is suitable for the Internet. The amount is too low to repay the principal in installments, which is a bit tasteless and doomed to be difficult to replace the position of traditional finance.