Borrowing is a loan service launched by Alipay. By 20 19, 12, the application threshold is above 600. According to different scores, the loan amount that users can apply for ranges from1000-300,000 yuan. The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan.

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Matters needing attention in using the loan:

1. Repay on time. Don't illegally tx

. Lending is a credit report issued by the central bank. If the borrower fails to repay the loan on time, there will be a bad record, which will affect future loans and credit cards.

2, can only be used for consumption. Loans cannot be used for venture capital such as house purchase and stock trading, and can only be used for consumption purposes such as tourism, shopping and decoration.

3. The interest rate of ant borrowing is comprehensively evaluated by the system according to the account usage, and cannot be adjusted manually. The specific interest rate is subject to the page display.

4. If you don't use the loan for a long time, the system will not shut down your function, but at the same time, the system will make a comprehensive evaluation of the loan qualification from time to time. You can't use it if you don't meet the entry requirements. It is recommended to keep the account in good use.

5. The loan amount will be comprehensively evaluated according to consumption and repayment. When your behavior is good for a period of time, the corresponding amount may increase, and the evaluation time is not fixed. It is agreed that comprehensive evaluation should be conducted by the system, and manual intervention is impossible.

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Can I use the borrowed money to buy a fund?

You can't. Loans cannot be used for venture capital such as house purchase and stock trading, and can only be used for consumption purposes such as tourism, shopping and living expenses.

Borrowing money to buy a fund violates the loan contract. Borrowing money is a consumer loan, and the borrowed money can only be used for consumption. It is illegal to buy funds with it, which does not meet the regulatory requirements.

Borrowing is a loan service for personal consumption, which supports borrowing for repayment and daily interest calculation. The loan interest rate is not low, but the loan is fast and can be used for short-term turnover, while the period of buying a fund is long and the income is slow, so it is difficult to pay it back for a while.

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Matters needing attention in using loans

1. If loans overdue stays for one day, it will not be credited, but at this time, users need to repay in time. If it continues to be unpaid, it will be credited later. In fact, the overdue repayment of borrowed money will generate a penalty interest, which will be charged at 0.5 times of the original interest of 65,438. The longer the time, the heavier the repayment burden. Therefore, after borrowing money, you must repay it on time, and there can be no overdue.

2. If loans overdue dies, it should be handled in time. After the debt is returned, it will be preserved for 5 years, which is the preservation time after the debt is paid off; If the overdue debt is not paid, the overdue record will remain in the credit report all the time, which needs attention.

Can ants borrow 80,000 yuan for stock trading?

You can't.

The loan amount provided by the borrower can only be used for the daily payment of the borrower, and cannot be used for other purposes, such as stock trading or foreign exchange speculation. Because stock trading is risky, no one can guarantee that you will make a steady profit. Once you lose money in stock trading, it's hard to pay it back.

Moreover, the loan is calculated according to the daily interest rate. The daily interest rate of the loan is 0.045%, and the interest is relatively high. Once it is overdue for a long time, it will affect the credit investigation. The original intention of borrowing money is to give people an emergency, not to gamble on stocks. The stock market is risky, so you need to be cautious in investing.

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Matters needing attention in using flower buds

1. If the user wants to open a loan, the sesame credit score of Alipay users must be above 600. Only when the sesame credit score meets the requirements of the platform can they get the invitation of the platform.

2. Many Alipay users have the experience of using flower beds. In the process of using flower buds, there can be no overdue situation, which will affect the user's sesame credit score and also affect the user's opening of borrowing buds.

You can't buy a fund with borrowed money.

Loans are only used for consumption, not for investment, including funds, stocks and futures. If the system detects that the borrowed funds are used for trading funds, stocks and futures, the funds will be frozen.

Tips: The above are for reference only. Please consult the loan platform for details.

Response time: 2021-11-17. Please refer to the latest business changes announced by Ping An Bank in official website.