Excuse me, Alipay?

"Borrowing" is a loan service launched by Alipay. According to different sesame scores, users can apply for different loan quotas.

The loan interest is calculated on a daily basis, and the daily interest rate is 0.0 15%-0.06%. The specific loan interest rate is also determined by the system evaluation. Because each borrower's personal qualifications are different, the loan interest rate will be different.

Do you want to borrow money for credit investigation?

Borrow it, whether it is overdue or not, and then go to the credit office.

The answer given by the official customer service is that it will be reported to the credit information system in time according to the relevant regulations of the People's Bank of China, which means that as long as you borrow money, it will be reported to the credit information record.

When you borrow money, you must agree to the three terms at the bottom. One of them is "Personal Credit Report Inquiry Power of Attorney", which has made it clear that lending institutions can inquire about your credit report and submit your basic information and credit information to the basic database of financial credit information of the People's Bank of China.

However, we don't have to be too nervous about credit reporting, because credit reporting is tainted. If you have a good credit record, this is a plus item.

03. Does frequent borrowing have an impact on credit reporting?

Borrowing cash is a small loan, and you will definitely go to credit.

For every loan, there will be one on the credit report. (Even if it is paid off, it will not disappear)

It includes:

The date of your loan from which bank? It should be paid off before which day. As of today, how much is still owed.

In this case, the bank's credit information system may interpret it as that your personal funds are very short, your funds are hungry, your income is unstable, and your financial ability is unstable, which will affect your loan application.

Previously, a bank in Hangzhou issued a new regulation: use Internet credit products more than twice in six months, and refuse to lend!

Previously, ABC staff said:

We have no hard and fast rules for the time being, but if you borrow money from Alipay and JD.COM Baitiao, you must settle it first, otherwise it will be difficult to get the money;

The staff of China Merchants Bank said:

If you borrow money from Internet loans such as Alipay and JD.COM Baitiao, it will be more difficult to approve than those who have not borrowed money from these platforms.

The more you borrow from each household, the weaker your repayment ability and the greater your risk.

The trick of "robbing Peter to pay Paul" was immediately caught.

In other words, frequent borrowing may affect the application of credit cards and the review of housing loans.

There are only three factors that affect the loan:

Is it too much to borrow money (pay it off and put it on record)

Do you often check your credit report (indicating that you want to borrow money and have no confidence in yourself)

How many banks have checked your credit report (indicating that you frequently authorize banks and have multiple loans)

04. Calculation method of interest on Alipay loan.

Interest on the loan is charged on a daily basis after borrowing, and there is no need to charge. The interest rate range of the borrowing day is 0.0 15%-0.06%. Because the comprehensive evaluation of each account is different, the interest rate is also different.

I calculated, 12 installment, and repaid in the form of equal principal and interest.

The daily interest rate of 3000 yuan is about 10.95% annual interest;

The daily interest rate of 1 ten thousand yuan is about 14.6% annual interest rate;

The daily interest rate of 1 ten thousand yuan is about 18.25% annual interest rate;

The daily interest rate of 1 ten thousand yuan is about 2 1.9% annual interest rate.

Generally, the daily interest on loans is around 14000 yuan, so the annual interest rate is 14.6%. Compared with those platforms that cost more than 15000 yuan, this rate is really conscience. However, compared with the bank mortgage interest rate below 10%, the borrowing interest rate is still relatively high. But I can borrow it. It's convenient after all.

05. How to calculate the real interest rate?

In order to solve the puzzle of interest rate conversion of various loans, we can use the magic formula IRR of EXCEL.

Different repayment methods occupy different time of principal, so when converted into the "real interest rate" calculated by one year's principal and interest payment. Need to calculate the time cost of principal. IRR function is a tool to help us compare the time cost between funds.

It doesn't matter if you don't understand the definition of IRR function. We just need to know that it can help us calculate the real interest rate of borrowing, and we can use it to calculate it.

The use of IRR function is actually very simple. Let me demonstrate: a loan 10000, paid off in 12 installments, each installment is 894 yuan, so what is the actual annualized interest rate?

1, the fixed time unit is month, and the total loan amount is 10000. The monthly cash flow is -894 yuan.

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2. After listing the repayment amount of each installment, directly use IRR formula to calculate the monthly interest rate.

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3. The formula for converting monthly interest rate into annual interest rate is = monthly interest rate * 12. Enter the formula and finally calculate the actual annual interest rate. The annualized interest rate of 13. 18% is not low.

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The real interest rate of various loans can be obtained by IRR formula before general loans.

06, the consequences of loans overdue.

Online lending has long been integrated into our daily life. Whether buying a house or a car, many people will choose a loan when their personal financial resources are insufficient. Once you borrow money from a lending institution, you must repay it within the specified time. Forgetting to repay or maliciously owing money may affect your personal credit information and be recorded as bad information, which will affect our future loans.

So what will happen to loans overdue? What are some tips to avoid making yourself overdue?

1, resulting in penalty interest.

Every banking institution has the same policy. As long as it is overdue, there will be a penalty interest, that is, a certain percentage of interest will be added on the basis of the original interest. The penalty interest of each lending institution is different.

At present, many loan platforms have grace periods with different terms, but repayment within the grace period will not be regarded as overdue and will not generate penalty interest.

2. Set oriented

Usually, when the loan is not paid in full on the interest payment date, it will be temporarily listed as internal collection of the bank. In the early stage of arrears, the loan platform will collect it. Make up the arrears within the specified time, and there will be no other impact.

Some loan platforms will not only call for money, but also contact your family and friends in your address book, which will affect your normal work and life.

3. Personal credit report is tainted.

During the grace period, if you don't repay, many banks or other lending institutions will truthfully report your overdue records to the People's Bank of China, and will leave overdue records on your personal credit report.

4. Affect other financial activities.

Once overdue and recorded in the credit report, in today's honest society, bad credit will have many adverse effects on work and life. In the future, your financial activities such as bank loans or credit cards will be affected.

Take bank loans as an example. The bank will check the borrower's personal credit report to judge the borrower's credit. If your personal credit report is tainted, it is likely that the bank will refuse the loan.

Even if you have the opportunity to get a loan from a bank or other lending institution, you will not only have to pay the penalty interest for overdue repayment, but you may not be able to get the preferential interest rate of bank mortgage smoothly, which will be much higher than the loan interest rate of borrowers with good credit.

5. Affect your study abroad.

The credit situation of each borrower is different, and the degree of "black households" is also different. Only if it is serious enough to be included in the list of people who have lost their trust and announced by the court will it have serious consequences, such as children being unable to study abroad and attending high-cost private schools.

According to internationally accepted laws, parents' fault should not be borne by their children. However, studying abroad and attending high-cost private schools will all involve the family's economic situation. Parents are illegal bank accounts, and the family's economic strength is questioned, which will affect the application process for studying abroad.

6, unable to take the plane, high-speed rail and other means of transportation.

The law gives citizens the right to take transportation, whether it is high-speed rail or plane, as long as Chinese citizens purchase tickets normally. The general behavior of banks in loans overdue will not affect their right to take the high-speed rail.

If the bank fails to repay its debts for more than 90 days and the bank files a lawsuit, the debtor's right to fly by plane and high-speed rail will be restricted.

7. Be sued by the bank and executed by the court.

If the overdue time is long and the overdue amount is large, the borrower is likely to be sued by the lending institution. Once a lawsuit is filed, the court will take property preservation measures according to the creditor's application, freeze the deposits of lenders and loan guarantors, and seal up the corresponding real estate, vehicles and other properties.

If he has the ability to refuse to implement the effective legal documents, the person subjected to execution will be subject to legal sanctions, including judicial detention, until he assumes criminal responsibility.

07. How to go ashore after the online loan is overdue?

Although online lending is relatively easy, if the borrower does not choose a reliable platform and does not make a reasonable repayment plan after borrowing, it is easy to fall into the whirlpool of online lending.

Don't be afraid of owing a loan, as long as the borrower can master the right method, it is still relatively easy to land.

1, actively negotiate. If the borrower encounters repayment difficulties, don't evade the debt, which will only make everyone's debt more and more. It is suggested to actively contact the lending institutions, tell them about their actual difficulties, tell them that they are willing to repay, and see if the platform can bend the rules, extend the repayment period and ease the current repayment pressure.

2. Clear up the finances and make repayment plans. Be sure to know how much money you owe. Many borrowers don't know how many platforms they borrowed and how much money they owed. Therefore, if you want to go ashore, you must sort out your debts and choose the most suitable way according to your actual arrears.

3. Ask your family for help. Once caught in the whirlpool of online loans, it will inevitably involve family members and be easily exposed to the address book. At this time, you should take the initiative to contact them and seek a solution. Don't run away In this case, it is important to get help and support from family members. Most borrowers are caught in online loans because of face problems. At this time, don't care about the so-called face. Only when we get ashore can we help you.

4. Work hard. It is absolutely impossible without income. Working hard to make money is the best way. You must find ways to make more money, you must not lose your usual job, or you can find ways to do some part-time jobs.

Finally, we must stay away from expenditures that do not match our income. Whether you spend it or not, you have to scrimp and save for the rest of your life, or be chased by creditors all the way.

In addition, no matter gambling or spending money indiscriminately, we must get rid of bad habits and put an end to unnecessary consumption from the root. Smoking less, drinking less, eating out less, not buying clothes, being a stingy person can save at least thousands of dollars every month. If you quit gambling, you can even reduce your expenses by millions.

08. Common loan platform evaluation

Next, I will introduce several famous credit products to you: the loan treasure of Ant Financial, the micro-loan of Tencent Weizhong Bank, the money flower of Baidu Finance and the JD.COM gold bar of JD.COM.

Today, Bian Xiao will evaluate Lending Bao, Qianhuabao, Microfinance and JD.COM Gold Bar to see what their products are like.

First, the way of interest and expenses.

1. The maximum loan amount is 300,000 yuan, and the daily interest is calculated at the interest rate of 0.02%~0.05%.

2.JD.COM gold bars can borrow up to 200,000 yuan, with daily interest, and the lowest daily interest rate is 0.025%.

3. The amount of small loans is between 500,000 and 300,000, and the daily interest rate is 0.02%~0.05%.

4. The maximum consumption amount is 200,000 yuan, the daily interest rate is as low as 0.02%, and the lowest interest rate of loan 1 0,000 yuan starts from 2 yuan every day.

Second, the credit report

Ant loan: The loan has been included in the credit report at present, but the key to the loan is whether you use the seller's loan or the buyer's loan. Buyers will not enter the personal credit information system because of borrowing money, but once it is overdue, it will still affect the future loan business. If the overdue period is serious, the overdue records will also be entered into the central bank's credit information system. The seller's loan (online business loan) will definitely enter the PBOC credit information system, because the seller's loan is a business loan.

Micro-loan: Micro-loan is very strict in the supervision of credit reporting, and every loan will be reported. Micro-loan is a micro-loan issued by Weizhong Bank. Once you apply for a loan, it will definitely be shown in your personal credit report. When applying for a small credit loan, the page will prompt you for authorization to inquire about the credit report before continuing to apply.

Money spent: the money spent has been included in the central bank's credit report, and it will be checked before lending. Every loan and repayment record of the money spent will be reflected in the personal credit report.

JD.COM gold bars: included in the credit report. When many users open JD.COM gold bars, they are prompted to authorize the operation, that is, they agree to the bank to check your personal credit.

Third, the application conditions

1, ant borrowing: the opening of ant borrowing is an invitation system, and it can only be opened after being invited. The threshold for opening is that the sesame credit score is above 600, and the personal credit is good.

2. Micro-loan: The opening of micro-loan is also an invitation system, just like borrowing. Users who use QQ or WeChat frequently and have been bound to Tenpay are more likely to get the loan qualification of micro-loan.

3. Have money to spend: You can take the initiative to apply for money to spend. The application conditions for rich flowers are mainly divided into two parts: age requirements and information requirements. Non-college students aged between 18-55 can apply for money. After the approval, it will arrive in three minutes at the earliest.

4.JD.COM gold bars: The premise of opening JD.COM gold bars is that there are already white bars, and high-quality JD.COM white bar users with good credit have a better chance to open JD.COM gold bars.

To sum up, each loan product has its own advantages, and friends can compare and choose when they need it. However, it should also be noted that every loan product should not be overdue. After all, regular online loans have been granted, so avoid overdue!

07. Answers to other questions about online loans.

1, frequent borrowing, small loans, etc. Unable to obtain credit information?

I will definitely report it.

Ant loans, micro loans, etc. , which is a cash withdrawal product, belongs to the category of "loan". No matter how much you borrow, even a small amount of 10 or 20 yuan will be credited.

2. Can credit information show specific information such as IOUs and IOUs?

Yes, very, completely, clearly!

All small loans on credit can see all the information you can think of, such as time, amount, repayment and so on.

3. Why can't I see the detailed information when I check the credit information online?

Because the online credit report is a simplified version, you can go to the People's Bank to print the credit report if you want to see the details.

4. Will frequently use loans, small loans, etc. But overdue does not affect personal loans?

Everyone must pay attention to this matter of credit investigation.

Even if you repay the loan on time every month, if there are many loan records in your credit report frequently, the bank may think that you are robbing Peter to pay Paul, which is likely to affect the approval of your credit card and housing loan.

5. Does frequent inquiry of credit report affect the credit report?

Yes! Every inquiry will be recorded. In the eyes of loan approvers, this is because customers are frequently applying for loans and inquiring about credit information, and there is no loan record. Use IOUs every time, IOUs, etc. , credit inquiry records and loan records will be generated. My friend has seen the longest credit report, 100 pages.

6. Is the less credit history, the better?

No, the fewer excellent credit records, the better. Of course, white households have their advantages, but they also have disadvantages. Excellent credit record is a one-time large loan, regular repayment, fixed deposit and fixed income. If you have anything to say in the future, you can add it when you think about it.

In addition, many people's inability to repay is mostly caused by "routine loans" and "usury", so it is particularly important to learn to choose the right platform. In the future, we should choose a good platform before online lending, and choose a reliable platform with low interest rate. For example, BAT's lending platform can be used, such as lending treasure, micro-loan, money to spend and so on.

For the most comprehensive strategy of borrowing money to raise interest rates, you are welcome to get it by private letter or comment on the "borrowing money" message at the bottom.

Want to know which products are better, such as lending treasure, micro-loan, rich flowers, etc., please feel free to send a private message or leave a comment below. ? Bian Xiao reminded that online loan products such as flower buds and loan buds should not be overdue. Because, once overdue, not only need to pay a high penalty interest, sesame score will also be affected, it may also affect the credit, and even be sued.