Micro-loan adopts automatic loan approval, which can provide 7*24 service and complete the whole loan process in 15 minutes. The specific quota is determined by Tencent's Internet big data risk control model, mainly based on Internet behavior data, such as consumption, social interaction, games, third-party data, etc., and the quota is between 200,000 and 200,000.

In terms of loan interest, the daily interest rate of micro-loans is 0.5 ‰, which is equivalent to the expected annualized interest rate 18.25%. In the future, with the further liberalization of users' scope, differentiated pricing will be implemented, and customers with good credit can enjoy daily interest of two ten thousandths to three ten thousandths, which is equivalent to 7.2%- 10.8% per year.

Microfinance algorithm;

It is mainly based on the social data accumulated by Tencent for many years and the personal credit data of the central bank. In addition to personal credit information, social data plays an important role in our scoring system.

1. The loan interest of microfinance is calculated on a daily basis, and the general daily interest rate is 0.04%. Total interest of banquet = daily interest × loan days = unpaid principal × daily interest rate × loan days.

2. If you borrow a small loan of 20,000 yuan, the daily interest rate is 0.04% and the term is 10 month.

3. Then the daily interest = 20,000× 0.04% = 8 yuan, and the total interest on the 65,438+00th day of the loan = 4× 65,438+00-40 yuan.

The repayment amount of the third general company is 2400 yuan.