Why did the audit fail?

There may be several reasons why Alipay can't pass the loan review: 1, which does not meet the loan application conditions. For example, the applicant Alipay has no real name authentication and is under 18 years old. 2. The comprehensive qualification evaluation of the system is unqualified. If the applicant's sesame credit score is insufficient or the previous use of flower buds is overdue, it may not pass the examination. The general loan review will end within 3 working days, and the result will be notified by SMS. If the application fails, you can reapply after 180 days.

"Borrowing" is now called "credit loan", which is a loan service launched by Alipay. According to different sesame scores, users can apply for different loan quotas. The longest repayment period of the loan is 12 months, which can be repaid with the loan.

202 1 year AliPay rectification

According to the rectification requirements, in the original loan of Flower Garden, the part funded by banks and other financial institutions must be isolated, and the names of "Flower Garden" and "Loan Bud" will no longer be marked to avoid brand confusion.

202 1 1 1 In order to meet the regulatory requirements, Ant Group started brand isolation. "Borrowing" is upgraded to "borrowing and credit loans" and "flower buds" is upgraded to "flower buds and credit purchases". The upgraded "flower shop" and "loan shop" refer to the exclusive consumer loan products provided by Ant Xiaojin as an investor in cooperation with financial institutions ("joint loan" mode), while the products provided by other financial institutions with the help of the technology services of Ant Group alone are the parts independently funded by banks and other financial institutions, and are isolated to serve bank credit purchase and credit loans. After the rectification, consumer financial services were officially incorporated into the operation of Chongqing Ant Financial Services Company.

At that time, many users' loans had been upgraded to "bank credit loans". Huayuan users are also upgrading to "bank credit purchase" in batches. Although the investors have changed, the arrears that should be paid have to continue to be paid. Timely repayment is conducive to maintaining credit information, and overdue repayment produces bad credit information records. Personal credit information is as important as "economic identity card", please pay attention to it.

In fact, in order to achieve compliance as soon as possible, on the one hand, ants actively reduce users' consumption and loan amount, on the other hand, they are also encouraging users to complete independent screening. Some people's quotas were cleared overnight. In the past, they were not strict in overdue or early repayment, but now they may be enlarged by ants. In addition, in the process of Alipay's rectification, we adhere to the principle of "two no increase and two no decrease": no increase in consumer costs, no increase in the costs of partners such as financial institutions; Do not lower the consumer service experience, and do not lower the risk prevention standards and requirements.