I. Introduction
The full name of flower bud is ant flower bud, which is a consumer credit product launched by Ant Financial. After the application is opened, you can get a consumption quota ranging from 500 to 50000 yuan. When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first, then paying".
"Borrowing" is a loan service launched by 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%. .
Second, whether to apply for credit information.
In the past, the use of flower beds was not used for credit information, but some time ago there was an important node, that is, "flower bed service upgrade". After the flower bed is upgraded, all credit information will be collected regardless of normal use or overdue.
Lending is microfinance. Check the credit information, reflecting the small loan of Chongqing Ant Shangcheng Microfinance Co., Ltd.
Three. Annualized interest rate
Flower buds, pay off the principal within 30 days, and do not charge any fees such as handling fees and interest.
If not, there are two solutions. One is to pay interest at the daily interest rate of 0.05% until the principal and interest are paid off. The second is to provide installment services, excluding interest, and only charge a handling fee. The rate is related to the number of periods, such as 0.72% for 9 periods and 0.73% for 12 periods.
So, the total rate of 12 is really 8.76%. If this is the real annual interest rate, it is really not high. However, this is not the case! The real annualized interest rate in Bai Hua is around 15%.
The annual interest rate of ants borrowing is higher. The daily interest rate is 0.05%, and the annual interest rate reaches 18.25%.
Fourth, frequent use of flower beds to borrow flowers will affect personal credit information?
The use of flowers and borrowed flowers are actually one or two lines in the credit report, representing the loan records in the personal credit report. Frequent use of such products is also reflected in the total amount of loans.
People often worry about the approval of bank loans in the future when considering the issue of credit reporting. Some bank staff responsible for consumer loans revealed the rating process of personal credit information by banks.
It is reported that banks will inquire about customers' credit information when handling each loan. Flower buds, white stripes, micro-loans and other products are all consumer loans displayed in the credit information system.
Banks usually interview customers to judge the specific purpose of loans and what platform they generate.
At the same time, banks will pay special attention to the large-scale consumer loans in the customer's credit report in the past six months, because banks are worried that this large-scale consumer loan will flow into prohibited areas, such as paying down payment for mortgage loans. "When issuing mortgages, banks should judge whether customers have the ability to repay. One of them is that the down payment requires their own funds."
In addition to paying attention to the large-scale consumer loan projects in the past six months, the number of recent credit inquiries by customers is also an important factor affecting the bank's credit rating of customers.
According to personal practice, it is found that borrowing money is to open a line or inquire about credit information, and there is no repeated inquiry about credit information after recycling. In fact, because the number of credit inquiries does not increase, in the case of outstanding debts, banks regard them as your liabilities when approving loans.
From the feedback of some friends, frequent use of flowers and loans did not affect the approval of mortgage loans, and even some friends passed the approval of mortgage loans one day after the credit card was overdue.
I think there is, but it may not have much impact on everyone's loan approval.