Micro-loan interest is calculated on a daily basis, with an annual interest rate of 0.025% and an annualized interest rate of 9. 125%, less than 10%, which is more cost-effective than most other lending platforms. Take the loan 10000 yuan as an example. If it is repaid in three installments, the total loan interest of WeChat micro-loan is: 10000*0.025%*90=225 yuan.
In addition, the interest rate of micro-loan is comprehensively evaluated by the system software according to my credit evaluation standard on WeChat. Most people's annual interest rate is between 0.03% and 0.04%, which means that your micro-loan interest rate is still low when it drops to 0.025%.
As an Internet banking loan product launched by Weizhong Bank, "micro-loan" has the following characteristics:
No guarantee, no guarantee
Most personal loans provided by traditional financial institutions require borrowers to provide guarantees such as mortgages, and it is difficult for individual users who cannot provide guarantees or have no fixed assets under their names to obtain loans. "Micro-loan" does not need mortgage and guarantee, and does not need to submit any paper materials, which can better meet the micro-financing needs of users with good credit.
7*24 hours service, the fastest 1 minute to complete the loan.
Relying on strict risk control rules and complete technical support system, "micro-loan" provides 7*24 hours online service, with convenient and efficient procedures. All processes are completed on mobile phones, and loans can be made in 40 seconds at the earliest.
With the loan, there is no handling fee for prepayment.
Most traditional financial institutions require users to repay on the repayment date. If the user wants to repay the loan in advance, he needs to apply and pay the handling fee. In addition to the regular default withholding repayment, "micro-loan" also allows users to settle loans at any time without charging any additional formalities.
From April 26, 2065438 to April 26, 2006, since microfinance was officially launched, more than 30 million people have actively granted microfinance, and accumulated loans have exceeded 30 billion yuan.
20 16 May16, Internet bank Weizhong Bank released the latest report card, and its core business "micro-loan" issued loans totaling more than 40 billion yuan in the past year, with more than 30 million active credit customers.
By the end of 20 19, "micro-loan" had issued more than 460 million loans to more than 28 million customers in nearly 600 cities in 3/kloc-0 provinces, municipalities directly under the central government and autonomous regions, with a cumulative amount of more than 3.7 trillion yuan.
On May 20 15, "Micro-loan" was officially launched on mobile QQ, and it was logged on WeChat on September 14. [ 1]
20 19 1.9, Microfinance won the Best User Experience Award of Hurun New Finance on 20 19.
By the end of 65438+February 2020, the micro-loan financial poverty alleviation project has been officially launched in 42 poverty-stricken counties (including 32 at the national level), and the total value-added tax contributed by the project to poverty-stricken areas is about145.3 billion yuan, effectively helping local poverty alleviation. [5]
Some people in Japan say that it costs money to open small loans and increase the quota.
truth
Micro-loan has issued an official rumor statement: Micro-loan is a pure online micro-credit circulating consumer loan product launched by Weizhong Bank, the first internet bank in China, in May 20 15. Micro-loans adopt the official invitation system, which can only be opened through official invitation and the official initiative to increase the quota according to the user's credit history. Any person or organization that needs to spend money to open a small loan and increase the amount is fraud.