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What's the interest of borrowing in 2018? How to reduce the interest of ant borrowing

It is understood that the amount of loans borrowed by ants is based on Alipay sesame credit score. According to the scores, users can apply for loans ranging from 1000-50000 yuan. So, how much is the interest? Let's get to know!

According to Xiaobian, according to the loan amount, the daily interest rate of ant loan is about 0.03% to 0.04%. Based on the daily interest rate of 0.03%, the one-year interest is about 108 yuan (daily interest rate of 0.03% & times; 360 & times; 1000), which is more than twice the bank interest. It's still a bit high.

How to reduce the interest of ant loan?

1. Increase the frequency of borrowing. It's easy for most people to reduce the daily interest rate to 0.04% if they usually borrow several times and keep good credit behavior.

2. Improve sesame credit score. We often use some of Alipay's functions, such as transaction, transfer, payment, etc., or improve our vehicle information and housing information to enhance our sesame credit score. If our sesame credit score goes up, the interest rate of borrowing will also go down.

3. Try to open Taobao store. There has been an example that shows that some people only open a shop, but never sell anything, but the daily interest rate of lending to them is the lowest 0.015%.

4. Choose the right way of repayment. There are two repayment methods: equal amount of money per month (we have to repay the same amount of money including principal and interest each month) and interest before principal (return the interest every month, return the principal in the last period and the interest in the last period).

For example, suppose that the daily interest rate is 0.04%, the loan is 10000 yuan, and the repayment is made in 12 installments. In the case of "equal amount per month", it will pay nearly 900 yuan per month, and the total interest will be 745.49 yuan. In the case of "interest before capital", it will pay more than 100 yuan per month before, and 10124 yuan for the last installment, and the total interest will be 1400 yuan. From this point of view, it is more cost-effective to make equal monthly repayment in this case.

5. Exchange for discount coupon. As we all know, Alipay has ant membership, divided into four grades: public, gold, platinum and diamond. The higher the level is, the more benefits and activities it can enjoy.

6. Use the coupons given by the system. Don't ignore the coupons borrowed by ant. The system will randomly distribute them to new and old users. If coupons are used when borrowing, the actual interest rate will be lower.