Sihai network

How to reduce the interest of borrowing

It is understood that users with more than 600 points can apply for loans ranging from 1000 yuan to 50000 yuan. At present, the longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%. The amount of user request can be transferred to the balance of Alipay, just like the loan from the bank.

There are great differences between people who borrow interest. Some of them have the lowest daily interest rate of only 3% per ten thousand, while others have the lowest daily interest rate of 6% per ten thousand. The difference between the two daily interest rates is 3% per ten thousand, that is, there is a difference of 3 yuan per ten thousand yuan per day.

At first glance, there is little difference between three yuan, but after enlarging the amount and term, we will find that there is a big difference between the two. Let's take borrowing 50000 yuan for one year as an example. The total interest of three ten thousandths of daily interest is 5475 yuan, while the total interest of six ten thousandths of daily interest is 10905 yuan. The difference between the two is 5475 yuan.

Why is there such a big difference in interest rates?

I've studied this question carefully, but I didn't get a 100% accurate answer. Many people think that the level of borrowing interest is determined by sesame credit, because sesame credit has comprehensively evaluated all aspects of the borrower, and then obtained the comprehensive score, which should be the most reliable score.

But among the people I contacted, I found that sesame credit and loan interest are not positively correlated. Let's look at a few typical examples.

The following friend sesame credit is 711, to be honest, not excellent, but his loan interest is 1.5 per 10000.

Let's take another look at another friend. His sesame credit is 721, which is higher than the above friend's, but his loan interest is 6 / 10000

There is also a friend whose sesame credit is as high as 803 points, but the interest is 3 / 10000.

Through these three examples, we can see that the sesame credit score is not the only factor determining the interest level of the loan line, and there must be other important factors.

Now let's see which factors will affect the interest of borrowing.

1、 Sesame credit

Needless to say, sesame credit is high, and the probability of low interest rate will be relatively large.

2、 Consumption amount

This definitely has a great impact. I have a few friends around me. Sesame credit is lower than mine, but the interest is much lower than mine. Later, I found that the amount of money they spend on Taobao system is relatively high. I only spend more than 20000 a year on Taobao, and the highest amount they buy is 150000.

So the higher the amount of consumption, the higher the probability of low interest.

3、 Transfer and financing

This is also the key point. You can carefully analyze the borrowing interest of people around you. If they have a large amount of money transfer in a year, or have a large amount of financial management, the interest must be relatively low. For example, the amount of money transfer in a year is more than 200000, and the amount of financial management is more than 100000.

4、 Occupation

Many people think that it has little impact, but you are wrong. Career definitely has an impact. A friend of mine has a lower credit than me. He doesn't buy things on Taobao and transfer money as much as me, but his interest is 3.5% of the total, while mine is 4% of the total. I've always been very puzzled. Later, I saw his certification and realized the truth, because he is a doctor and is a top three doctor I work in the hospital.

5、 Assets

Needless to say, with a house and a car, there are advantages in applying for a loan everywhere.

For friends with high interest rate, is there any way to reduce the interest rate of borrowing? Yes, but I can't guarantee that it can be reduced. Here, I only give you a reference.

1. For the above five factors to optimize one by one, in this needless to say.

2. When you choose different ways of borrowing, you can choose the way of repayment according to your own conditions, because there is a big difference between the monthly equal repayment and the interest after principal repayment. (but at present, some users can only choose the method of equal monthly repayment)

3. The system will send the coupons to new and old users randomly. If the coupons are used, the actual interest rate will be reduced. (only some users can receive it)

There are several types of coupons for old users: interest free coupons for the fifth to sixth period of interest, and coupons for new users (one of three): 5 days free for 5000 yuan, 3 days free for 3000 yuan, and 10% discount for the first period of interest.

4, use Alipay membership exchange to borrow interest rate discount coupon, 2400 points exchange, borrow 15% off discount coupon, each member will exchange 3 times at most.