In recent years, Alipay has become a giant in the field of mobile payment. On the one hand, Alipay has changed our payment habits and consumption patterns. On the other hand, Alipay has also provided great convenience for people's capital flow, and many people love borrowing money by ants. How can ants calculate interest by borrowing money? Is the interest rate high?
In fact, compared with banks, the interest rate of ant loan is on the high side. For example, the annual interest rate of mainstream commercial banks is about 4.35%, which is 4.75% within five years and 4.9% over five years. However, the annual interest rate of borrowing from ant loan is 14.6% based on the daily interest rate of 10000 yuan, which is several times higher than the bank's interest rate.
Nevertheless, there are still many people who choose to borrow ants instead of banks. Why? There are mainly the following reasons:
First, the bank loan interest is low and the threshold is high, while the loan interest is high and the threshold is low
Generally speaking, in bank loans, the process is troublesome, and the qualification examination is also very strict. For example, it is necessary to provide a lot of financial proof, and require real estate such as real estate and vehicles as collateral. However, many people who need small loans do not even have stable work, so the door of natural banks will not open for them. It is impossible to get loans from banks.
It's much better by borrowing. As long as you use Alipay, sesame credit score is OK, and there are no excessive credit stains, it is easy to get the loan amount. As long as the quota is obtained, it can be extracted at any time. It is very convenient.
Therefore, many candidates who have high interest rates don't borrow because the threshold for borrowing is low. Although the bank's interest rate is low, the threshold is too high for many people to step in.
Second, the procedure is simple and the borrowing speed is fast
As long as you have Alipay and use it regularly, it's a minute to open an ant to borrow it. The procedure is very simple. If you want to borrow money, you can get it within two minutes.
Compared with banks, if you want to get a credit loan, you need to meet the conditions of the bank, hand in all the information, and pass the approval before you can make a loan. This time varies with banks. Small and medium banks can make a loan in two or three days, and large banks can make a loan in a week or even longer.
With low threshold, simple process and fast lending speed, banks have no and can't compare the advantages of ant loan. So of course, many people prefer ant loan with high interest rate.
However, we should also be careful when borrowing money. It is a petty cash loan pushed by Alipay. The capital side is ant small loan and financial institution. It will also be credited when overdue. In order not to be affected by credit, we must not overdue, and do not borrow money with fluke. We must have a definite repayment plan before borrowing, and we can not borrow it blindly. Blind consumption, resulting in the final repayment overdue and affect the credit.