Comparatively speaking, credit card interest is lower, but ant loan is more convenient and fast.
Although ant loan is more convenient and efficient, its repayment interest is not low. It is understood that at present, the maximum amount of ant loan is 200000 yuan, the overall daily interest rate is 0.03% - 0.05%, and the converted adult interest rate is about 10.95% - 18.25%. After the central bank cut the interest rate in October 2015, the current benchmark interest rate for one-year bank loans is 4.35%.
This shows that Alipay can borrow 4 times more interest than the bank loan, but if it is compared with the unsecured loan, not much difference between the two. At present, most of the annual interest rates of banks' non mortgage loans are between 8% and 15% on average.
Although the interest rate of Alipay is not low, its loan threshold is relatively low. Customers with sesame score of 600 or more can apply for a loan amount of 500 yuan -20 yuan, and return with borrowed money.
Without the complicated process of bank loans, the cumbersome application materials can only be judged and checked by the credit score of Sesame by Alipay, and the loan will be completed in 3 seconds. In the eyes of many borrowers, higher interest rates are also worth it! It depends on how you choose.
Although "borrowing" can solve the urgent problem, the interest rate is relatively high, and it involves a series of problems such as personal virtual credit and future online consumption. Therefore, friends should remember not to overdraw too much, so as not to exceed their repayment ability and cause a huge burden on life.