2. Different loan amount: The loan amount will be adjusted according to the user's credit status and other factors. The loan amount of a credit loan is related to the credit card amount of the user.
3. Different business conditions: the borrowing threshold is lower, and the business conditions are simpler than credit loans. Personal identification information and bank card are required. Borrow, the platform will connect users. There are many conditions for credit loans, and the examination is stricter, so it is necessary to comprehensively evaluate all aspects of users. The loan conditions of credit loans are similar to those of credit cards.
4. Different customers: borrowing is a consumer credit product of ant micro-loan. Its main service target is Alipay users, who can apply as long as they meet the application conditions of loan treasure. This kind of credit service is aimed at Taobao merchants, mainly Alibaba users, and the service object of credit loans is usually the merchants of large online stores. Borrowers do not need to provide mortgage or guarantee, and can obtain loans with lower interest rates than traditional credit loans by virtue of their own credit.
What will happen if I borrow it?
Generally, it will have the following effects.
1. Users need to pay more interest on the overdue day, and the longer the overdue time, the more interest.
2. If the user is overdue, his sesame credit branch will decline, because the loan is also a product of Alipay, which is related to Alipay's sesame credit score, which will affect personal credit and will be recorded in personal credit record, which will have an impact on future loans.
3. If the loan is overdue, the user may be restricted from borrowing. Because overdue is a bad behavior, it will increase the risk of user accounts and lead to the risk control of user accounts by the system.
4. It is difficult for users to find a new borrowing platform for borrowing in a short time. Because overdue loans will affect users' personal credit information, and if there are bad records, it will increase the difficulty of loans. Applications from banks or other lending platforms will be difficult to pass.