Borrowing is a loan product on Alipay. Users who regularly use Alipay with sesame score above 600 points will have the opportunity to obtain a certain credit line. After the loan application is successful, it can also be repaid automatically in installments, which can reduce the repayment pressure of users. So, how many issues can ants borrow at most? Let's take a look together.

As far as we know, the longest repayment period of ant borrowing is 12 months. Users can choose monthly installment repayment or early repayment. Whether it is installment repayment or early repayment, the expected annualized interest rate is around.

The number of loan installments of hymns is still relatively small, so there is no room for choice. Comparatively speaking, credit cards are much more flexible in installment, up to 24 installments, and the handling fee for each installment is different, which can relieve the repayment pressure more than borrowing.

Reminder: there is also a handling fee for installment repayment, but no matter how many installments are divided, the handling fee is fixed. Users should pay attention to the following items when applying for loans:

1. Loan installment defaults to 12 months, and users do not need to apply for it by themselves. If you want to repay in one lump sum, you can choose to repay in advance.

2. Repayment by installments, remember the repayment date of each month, which can be found in the application record.

3. You can apply for a loan many times, and each application will occupy the credit line. For example, after you borrowed 5000 yuan, your loan amount is 5000 yuan, but after you have not paid off the first installment, the amount will be restored.

Finally, after the loan application is successful, you must repay it on time. Once overdue, it may go to the bank's credit record, which will not only affect Sesame Credit, but also hinder the handling of some businesses. More importantly, if it is overdue, you have to pay more.