What's the difference between a living Qian Bao in a wallet and a loan treasure?

One wallet is a financial service application under Ping An Group, in which Live Qian Bao and Lending Bao are two different financial services. Although they are all designed to meet the financial needs of users, there are some key differences between them.

1. Site Qian Bao:

Living Qian Bao is a kind of money fund financial product, which belongs to low-risk investment. Investors put their money into Qian Bao, and fund managers invest their money in short-term money market instruments, such as government bonds, central bank bills and commercial bills. In order to obtain a stable return on investment. Living in Qian Bao is characterized by low risk and good mobility. Investors can withdraw funds at any time to support quick redemption.

2. Borrow money treasure:

Borrowing money treasure is a personal credit service provided by wallet, which belongs to consumer loan products. Users apply for loans according to their own needs. After the platform is audited, if it meets the loan conditions, the platform will provide a certain amount of loans. Users need to repay the loan principal and interest within the prescribed time limit. Borrowing money treasure is convenient and quick, which can meet the short-term capital needs of users. However, compared with Qian Bao, the risk of borrowing money treasure is higher, because users need to bear the loan interest and the penalty for overdue repayment.

To sum up, the main difference between Live Qian Bao and Qianqianbao lies in its function: Live Qian Bao is an investment and wealth management product, and users gain income by investing in monetary funds; Lending treasure is a personal credit service, and users can solve short-term capital needs by applying for loans. When users choose these two services, they need to weigh them according to their financial situation and risk tolerance.