1. Xiaomi loan

Xiaomi loan was first launched in September 2065438+2005, aiming at providing micro-credit loan services. At present, it has been divided into two major products: "cash loan" and "installment". On April 201July 1 1 day, Xiaomi Company announced the launch of an independent version of Xiaomi Loan APP, and began to support all mobile phone users.

2. ants borrow it

Ant borrowing is a loan service of Alipay, and the threshold for application is sesame score above 600. 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 expected annualized interest rate on the loan day will be repaid with the loan.

Second, the loan amount

The maximum amount of Xiaomi loan is 500,000 yuan, and the maximum amount of ant borrowing is 300,000 yuan;

Judging from the loan amount, Xiaomi loan is relatively high. However, the details still depend on different users, and borrowers can choose the one with the highest loan amount.

Second, loan interest.

Xiaomi loan bears interest on a daily basis, and the expected annualized interest rate is borrowed by ants. In terms of loan interest, it is more cost-effective for ants to borrow. However, if you are a loyal "rice noodle", Xiaomi loan is also a good choice.

Three. Number of repayment periods

The longest term of Xiaomi Loan and Ant Loan Bao is 12.

Fourth, overdue penalty interest.

The formula of overdue penalty interest for Xiaomi Loan and Ant Borrowing is: overdue principal * default interest rate * overdue days, and the default interest rates of both are twice the interest. Therefore, the higher the daily expected annualized interest rate, the more penalty interest.

Verb (abbreviation for verb) advance payment

Xiaomi loans and loans can be repaid in advance without charge.