Ant financial service rights and interests

How much is the interest borrowed by ants?

Generally speaking, the interest rate of loans borrowed by ants will change. The higher the user's comprehensive score, the lower the loan interest rate.

The daily interest on borrowing money is between 0.015% and 0.06%, that is, the interest on borrowing 10000 yuan for one day is between 1.5 yuan -6 yuan, and the interest for one month is between 45 yuan-180 yuan. If your daily interest rate is 0.5 ‰ and the loan is 10000 yuan, then the daily interest rate is 5 yuan. If you borrow it for 30 days, the interest will be *** 150 yuan.

"Borrowing" generally refers to "credit loan".

Interpretation: A loan service launched by Alipay.

Application conditions: sesame score above 600.

Application amount:1000-300,000 yuan.

Credit loan (formerly known as borrowing money) is a loan service launched by Ant Financial Services Group [1] relying on Alipay. According to different sesame scores, users can apply for different loan quotas. 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. When borrowing money, users can choose to lend money to Alipay account and bound savings bank card for personal consumption, decoration, travel and so on.

202 1, 1 1 year1October, the name of the loan was changed to "credit loan", and it was clearly stated that the service was provided by the bank.

Product introduction

Credit loan is a loan service launched by Alipay, and the threshold for application is more than 600 points. 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.

Development history

202 1 1 28, Ant borrowed the new online quota management function, and users can adjust the quota independently.

202 1, 1 1 year1October, the name of Alipay loan was changed to "credit loan", and it was clearly stated that the service was provided by the bank. Borrowing said that borrowing is gradually promoting brand isolation. Future loans will be provided by Ant Consumer Finance Company and become the exclusive brand of Ant Consumer Finance Company. Credit services independently provided by financial institutions such as banks will be displayed on the "Credit Loan" page. In the process of brand isolation, the user's service experience will not be affected, and the core processes such as account opening, audit, interest calculation and loan repayment will not change.

Controversial event

2018 65438+1October 9, according to the news of Shanghai TV, Alipay's small loan product "Ant Borrowing" violated the relevant regulatory regulations of the central bank by actively closing some user accounts to control the loan balance due to its high leverage ratio.

Note: although the loan will come soon, you should avoid blind consumption and lend within your ability.

How much is the interest of 10 thousand a day for ants to borrow?

As of June 5438+1 October 65438+1October 9, 2020, the daily interest rate of ant borrowing loan is 0.045%, and the daily interest of1ten thousand yuan is: 4.5 yuan. Note: the daily interest rate of different accounts is different, which is subject to the page display.

For example, if the daily interest rate is 0.045%, apply for a loan at Ant Financial 10000 yuan, and the daily interest will be 4.5 yuan. If the loan is borrowed for one month (30 days), the total interest is: 135 yuan.

In addition, the loan interest rate of Ant Borrowing is subject to personal account use and timely repayment, and it is evaluated irregularly. The increase of loan amount in some accounts may also lead to the decrease of loan amount. The specific page display shall prevail.

Extended data:

For example, if the user borrows 6,543,800 yuan, the daily interest rate of the loan is 0.04% and the loan term is 654.38+0.2 months, then the monthly repayment amount of different repayment methods is as follows:

1, equal principal and interest:

Matching principal and interest means that the monthly repayment amount is the same, and its calculation formula is more troublesome. The formula for calculating the monthly repayment amount of equal principal and interest is:

Loan principal × [monthly interest rate× (1monthly interest rate) repayment months ]{[( 1 monthly interest rate) repayment months ]- 1}.

As shown in the figure, under the above conditions, the monthly repayment amount of users is 905.90 yuan, and the total interest after one year is 797.06 yuan.

2. Interest before capital:

The repayment method of paying interest first and then principal is to pay interest first and then principal in the last installment. Then, according to the above conditions, the repayment interest that users need to pay every day is 4 yuan, which is about 120 yuan for one month.

It should be noted that the actual repayment amount in the first month is the actual loan days in 4 yuan in the first period, and the repayment amount in the second period and 1 period is calculated in the same way, so the repayment amount in 12 period is 10000 yuan, and the total interest for one year is 1000 yuan.