Yes

1. The interest-free line of online merchant loans is a line launched by online merchant loans. Borrowers of online merchant loans can get interest-free quotas when using part of the quotas.

2. The interest-free limit is used to convert into interest-free coupons and cannot be used alone. When using the interest-free quota, the interest-free quota will be converted into interest-free coupons according to the loan demand. For example, the interest-free limit of 1000 yuan can be converted into interest-free coupons of "borrowing 1000 yuan a day" or "borrowing 2000 yuan for five days". The maximum interest-free amount of each exchange is 30,000 yuan, and the minimum is 500 yuan.

3. If there is a loan in use in the online merchant loan, you can get the interest-free amount the next day. The more you use, the more you get. When you convert it into an interest-free coupon, the specific amount shall be subject to the prompt operation on the conversion page.

What does the interest-free limit mean?

An interest-free quota is an interest-free quota.

Credit card limit, also known as credit card available limit, refers to the maximum amount of credit card you can use, including credit limit (that is, the maximum overdraft limit of credit card) and the amount deposited in credit card.

Interest-free quota of online merchant loans means that users can get interest-free concessions by using part of the quota. For example, if the user has an interest-free coupon of 10000 yuan, 1 day, the interest of 1 day can be reduced by borrowing 10000 yuan. In short, interest-free means interest reduction. The longer the interest-free period, the better for users, because it will reduce the borrowing cost.

However, only online merchant loans during the active period will provide interest-free quotas. Generally speaking, the user's loan amount will bear interest on a daily basis, and there is no preferential interest reduction.

Users can prepay the amount of ant flower buds at the time of consumption (see the amount yourself), which can be used online and offline. Some businesses don't support flowers, so they can't use them. This month, they will pay it back on the 9 th of next month, interest-free period. Ant flower buds can also be repaid by stages. When repayment is difficult, you can choose to repay by stages (specify the specific number of stages). The 9th of each month is the repayment date of Bai Hua, and the generated Bai Hua bill shall be repaid on the repayment date. For the convenience of users, and to avoid forgetting that repayment will affect their reputation, you can turn on the balance treasure withholding function, and the system will automatically deduct the balance of Alipay account and balance treasure on the due repayment date, and you will be prompted if the balance is not enough. You can also take the initiative to repay, and the system will not deduct it. You can also choose to repay in advance after the bill comes out to avoid overdue. There will be interest if the repayment is overdue.

The overdue interest is the principal multiplied by the overdue days multiplied by five ten thousandths.

There is currently a three-day grace period, during which no interest is charged.

Failure to pay back the flowers on time mainly has the following three effects:

1. Function restriction: after the flower bud is overdue, the flower bud function 2 1 13 will be directly restricted, and whether it can be restored after subsequent repayment will be assessed by the system irregularly (526 1), and manual intervention is impossible.

2. Negative records: the corresponding overdue negative records will be submitted to Sesame Credit after the deadline, which will affect Sesame Score.

3. overdue interest: overdue repayment will generate corresponding overdue fee 4 102, overdue fee = overdue principal * overdue days *0.05%.

Meanwhile, there is a three-day grace period in Bai Hua 1653. The repayment within the grace period is not overdue and will not affect your credit.

How long can the interest-free line of online merchant loans be interest-free

According to the regulations, the interest-free amount of online merchant loans is used in exchange for interest-free coupons for online merchant loans. The interest-free limit of online merchant loans can only be 1 day, and the specific interest-free limit depends on the interest-free limit of the exchange. 10000 yuan interest-free limit convertible 10000 yuan 1 day interest-free coupon; The interest-free limit of 5000 yuan can only be exchanged for 1 day interest-free coupons of 5000 yuan.

First, Alipay, a subsidiary of Ant Financial, is a life platform with everyone as the center and based on real name and trust. Since its establishment in 2004, Alipay has reached cooperation with more than 200 financial institutions, providing payment services for nearly10 million small and micro businesses, and expanding its service scenarios. Alipay has also been loved by more users, with more than 520 million active users. While covering most online consumption scenarios, Alipay is also expanding restaurants, supermarkets, convenience stores, taxis, hospitals and public services, activating traditional business and public services, and helping to upgrade traditional business and public services through Internet marketing and big data services. In overseas markets, Alipay has also launched a number of services such as cross-border payment, tax refund and overseas code scanning payment. With the scene expansion and product innovation, Alipay has developed into an open platform integrating payment, life service, government service, wealth management, insurance, public welfare and other scenes and industries. Alipay has surpassed payment itself and become the representative of lifestyle in the era of mobile Internet.

Second, Ant Financial Cloud is a platform for Ant Financial to provide industry cloud computing services for financial institutions based on financial-grade Internet technology accumulated over the years. Since the release of 20 15 in September, it has undertaken the mission of opening up the technical ability of ants, and has served hundreds of customers and ecological partners so far. Ant Financial Cloud integrates the large-scale transaction processing capabilities of Ant Technology after years of double eleventh promotion. In the future, it will gradually open up large-scale real-time decision-making capabilities and large-scale data integration and insight analysis capabilities, and continue to provide financial-grade basic technical services to partners.

Third, Sesame Credit is an independent third-party credit reporting agency and an important part of the Ant Financial Services ecosystem. Sesame Credit objectively presents the credit status of individuals and enterprises through cloud computing, machine learning and other technologies, forming a whole product line such as Sesame Credit Score, Sesame Credit Elements Table, Industry Concern List and Anti-fraud. From credit cards, consumer finance, financial leasing and mortgage loans, to hotels, renting houses, renting cars, marriage and love, classified information, student services and public services, Sesame Credit has provided credit services for users and merchants in hundreds of scenarios, and many users have enjoyed the convenience of credit. The relationship between people, people and business has become simple because of credit.

What happened to the online merchant bank upgrading the 5000 interest-free quota?

Explain that this 5000 yuan is interest-free.

Interest-free line of online merchant bank is a marketing method of online merchant loan, which attracts users to experience the loan with a certain period and line, and the essence is interest-free loan.

For example, your interest-free quota is 5000, which means that you are interest-free if you borrow less than 5000. Of course, you will definitely be given a deadline. After overdue, interest will be calculated according to the loan interest rate normally from the end of interest-free period.