Flower buds are a consumer loan purchased by Taobao in installments. When shopping on Tmall or Taobao, you can choose to pay in installments. The maximum amount is 5000 yuan, the repayment date is fixed, the monthly repayment is fixed at 10, and the overdue interest rate is the same as the expected annualized interest rate of credit card withdrawal.

Taobao Consumer Loan-Borrowing

Loan is a kind of cash consumption loan, and the loan funds can be directly transferred to the borrower's bank account, with a minimum of 1000 yuan and a maximum of 50,000 yuan. Interest is calculated on a daily basis, and the expected annualized daily interest rate is to release the loan within one minute after the consumer loan is borrowed, which is very fast, and the longest loan period is 12 months.

Taobao's flower bud consumer loan is still in the internal testing stage and can only be used for Taobao online purchase; Relatively speaking, borrowing consumer loans is more practical and convenient to apply for. As long as the sesame credit score is above 600, you can apply for borrowing consumer loans, which is much better than other small consumer loans.