What are Jack Ma’s borrowing platforms?

Jack Ma’s online lending platforms are mainly concentrated within Alipay, such as Ant Huabei and Ant Borrowing, among which Alipay also has some cooperative lending platforms, such as Qufenqin.

1. Huabei: A "spend first, pay later" service launched by Alipay. Users with a Sesame score of 600 or more have the opportunity to apply for "Huabei". The current "Huabei" limit is between 2,500 and 30,000 yuan. Users can use it to shop on Tmall Mall or Taobao. They can repay on the 10th of the next month after receiving the goods. As long as they repay on time, no charges will be charged. Any handling fees.

2. Borrowing: A loan service launched by Alipay. It can only be opened with a Zhima score of 600 or more. Only those with good credit who meet other conditions can use it, so not everyone can use it. As Alipay's flagship product, Jiebei is unsecured and unsecured, and loans can be obtained in seconds. At present, the maximum amount is 300,000 yuan, the daily interest rate is 0.02-0.05, and the maximum loan period is 12 months. You can borrow as you want, and you can repay in advance.

3. Qufenqi, a lending platform that cooperates with Jack Ma: This is an installment loan service: because of the cooperation between Qufenqi and Zhima Credit, those with good credit who have a Zhima score of more than 600 in Alipay can try it. After activation, in addition to shopping, you can also withdraw cash to your Alipay within ten minutes. It provides a visa-free visa and has made limit adjustments for some users with good credit.