After loans overdue, Alipay began to collect overdue penalty interest, that is, 65438+ 0.5% of the current loan interest rate.

2. Collectibles

Once in loans overdue, Alipay will adopt different collection methods at different stages. Generally speaking, in the short term, Alipay is mainly reminded by SMS, with corresponding telephone collection;

3. Personal credit information is affected.

"Loan" generally refers to "credit loan".

Interpretation: A loan service launched by Alipay.

Application conditions: sesame score above 600.

Application amount:1000-300,000 yuan.

Credit loan (formerly known as borrowing money) is a loan service launched by Ant Financial Services Group [1] relying on Alipay. According to different sesame scores, users can apply for different loan quotas. 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. When borrowing money, users can choose to lend money to Alipay account and bound savings bank card for personal consumption, decoration, travel and so on.

202 1, 1 1 year1October, the name of the loan was changed to "credit loan", and it was clearly stated that the service was provided by the bank.

Product introduction

Credit loan is a loan service launched by Alipay, and the threshold for application is more than 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.

Development history

202 1 1 28, Ant borrowed the new online quota management function, and users can adjust the quota independently.

202 1, 1 1 year1October, the name of Alipay loan was changed to "credit loan", and it was clearly stated that the service was provided by the bank. Borrowing said that borrowing is gradually promoting brand isolation. Future loans will be provided by Ant Consumer Finance Company and become the exclusive brand of Ant Consumer Finance Company. Credit services independently provided by financial institutions such as banks will be displayed on the "Credit Loan" page. In the process of brand isolation, the user's service experience will not be affected, and the core processes such as account opening, audit, interest calculation and loan repayment will not change.

Controversial event

2018 65438+1October 9, according to the news of Shanghai TV, Alipay's small loan product "Ant Borrowing" violated the relevant regulatory regulations of the central bank by actively closing some user accounts to control the loan balance due to its high leverage ratio.

Note: although the loan will come soon, you should avoid blind consumption and lend within your ability.