1. What is Ali Microfinance?

Ali Microfinance is the financial service of Ali Finance under Alibaba Group, which can help consumers get a certain amount of cash in a short time to meet their short-term capital needs. The interest rate of Ali microfinance is lower than that of ordinary loans, usually only 4% per month. This kind of loan is more flexible than ordinary loans and can meet different capital needs.

Second, the application process of Ali Microfinance

Applying for Ali micro-loan is very simple. You only need to submit information in Ali Finance official website to complete the loan application. The loan applicant needs to provide photos of the front and back of the ID card, sesame credit report, recent personal income certificate, recent house lease contract and other materials. After submission, the review results will be fed back to the applicant within 1-2 working days.

Third, the repayment method of Ali microfinance

Ali microfinance has two repayment methods: one is to repay the principal and interest on a monthly basis, and the other is to repay the principal on a monthly basis. Matching the principal and interest repayment every month means that a certain amount is calculated according to the fixed principal and interest every month, and the monthly repayment amount is the same. One-time repayment of principal and interest at maturity means only paying interest every month and repaying principal at maturity.

Fourth, the advantages of Ali Microfinance

The advantages of Ali microfinance are low loan amount, simple audit, low cost, safety and reliability. The loan amount is low, with a maximum of 500,000 yuan, and the review is simple, and the money can be quickly obtained after the review is passed; Low cost, the loan interest rate is only 4% per month; Safe and reliable, using advanced data security technology of Ali Finance to ensure the safety of users' funds.

How does verb (abbreviation of verb) avoid the risk of Ali microfinance?

Before applying for Ali Microfinance, you need to consider your repayment ability to ensure that you can repay on time. In addition, when applying for Ali microfinance, we should also pay attention to choosing the appropriate loan term to ensure that the loan can be paid off on time. In addition, it is suggested that applicants can borrow money from relatives and friends to avoid loan risks.

Abstract of intransitive verbs

Ali Microfinance is the financial service of Ali Finance under Alibaba Group, which can help consumers get a certain amount of cash in a short time to meet their short-term capital needs. Applying for Ali micro-loan is very simple. You only need to submit information in Ali Finance official website to complete the loan application. There are two repayment methods of Ali microfinance: monthly equal principal and interest repayment and monthly interest payment. The advantages of Ali microfinance are low loan amount, simple audit, low cost, safety and reliability; Before applying for Ali microfinance, you need to consider your repayment ability, ensure that you can repay on time, and pay attention to choosing the right loan term.