Alipay's loans and WeChat's micro-loans are both traditional and formal online loans, and both adopt an "invitation system" to actively issue quotas to qualified users. According to the different qualifications of customers, the quotas and interest rates given by these two online loans are also different.
When users need to borrow money, they can make their own loans and withdraw them into personal bank cards for use. If repayment is needed, he can also use the loan to support repayment, and the interest is calculated on a daily basis. The principal and interest of repayment can be stored in the bank card, and repayment can be operated on the mobile APP.
It can be said that this type of loan can solve the loan problem of a large number of customers, and the loan repayment can be very convenient and fast.
Of course, as formal online loans, these two kinds of loans will also be recorded in the credit information system of the People's Bank of China, but the types of lenders are different.
Most borrowers of Alipay are Chongqing Ant Mall Microfinance Co., Ltd. (including some other cooperative institutions).
The main lender of WeChat microfinance is Shenzhen Qianhai Weizhong Bank Co., Ltd.
Although both banks and small loan companies have the conditions for lending, there are still many differences in essence. There is only one thing that is closely related to our users, that is, it will affect our application for loans from other banks.
When traditional banks and consumer finance companies accept customers' loan applications, most of them have requirements on the types and balances of existing loans reflected in customers' credit reports.
When the customer's credit report shows that the loan amount issued by XX Microfinance Company is less than 50,000 yuan, the bank's approval system will default that the customer's funds are too tight. Alipay's loans are mostly not too high.
Why is this happening? This stems from a misunderstanding of microfinance. According to the examination and approval system, a customer borrows from a small loan company, and the loan amount is too low, which shows that the customer may not be able to obtain a so-called "regular" loan with lower interest rate and higher amount, which further shows that the customer's overall qualification is lacking.
In this way, when we apply for various loans from the bank by using Alipay's loans after the micro-credit loans appear in the credit investigation, we may be asked by the bank to supplement other materials to prove our qualifications, even affecting the loan amount and interest rate finally approved, and even being refused loans.
However, due to the characteristics of this kind of online loans, when we need to apply for a large amount of low-interest loans from banks, we can choose to settle the loans in advance and then apply for online loans. However, it should be noted that due to the delay in updating the credit report, we'd better settle the online loan one month in advance, and it will be safer to apply for a bank loan after the credit report is updated.
Generally speaking, borrowing means borrowing money with Alipay, and micro-lending means borrowing money with WeChat.
The same is borrowing money. What's the difference between them?
The opening condition is 1, and it is relatively easy to open a loan, and its opening and withdrawal are determined according to the sesame credit score. However, the specific number of points can be opened. The official has not clearly stipulated that some people will open at 500 points and some people have not yet opened at 800 points. However, generally used to online shopping, loans can be easily opened. The higher the sesame score, the higher the quota.
Lending treasure is easy to operate and fast in lending. You can basically receive it immediately after applying, and Alipay or bank card will do.
2. Micro-loans cannot be applied by themselves at present, but it is an internal invitation system, which needs to meet several conditions:
The above four items are the basic conditions for applying for micro-loans, but whether micro-loans can be successfully opened depends on the evaluation results of the system. Therefore, if someone tells you that you can open a small credit loan for you, it must be a liar. Moreover, micro-loans cannot be lent to WeChat balance, but only to bank cards.
The interest rate is different 1, so ants can borrow it.
The maximum loan amount is 200,000 yuan, the interest rate is less than 0.05%, and the repayment date is divided into 6 months and 12 months.
My loan interest rate is 0.035%, that is, I borrow 1 0,000 yuan, and I have to pay back 0.35 yuan every day. The annual interest rate is 365 * 0.00035 = 12.775%. If I borrow 1 0,000 yuan with a term of 1 year, I will repay 889.3000 yuan every month in the form of equal principal and interest repayment.
2. Microfinance
The loan amount is between 500,000 and 200,000, and the maximum single loan is 40,000. The daily interest rate is lower than 0.05%, and the repayment date is divided into 5 months, 65,438+00 months and 20 months.
Credit information system 1, the key to credit information depends on whether you use seller's loan or buyer's loan. The buyer will not enter the personal credit information system when using the loan normally. However, overdue for more than a certain amount, or overdue for more than three months in a row, will also be reported. However, if the seller borrows money, it will definitely enter the PBOC credit information system, because the seller borrows money as a commercial loan.
2. Micro-loans are very strict in credit supervision. When the inquiry quota is reached, credit will be conducted, and every loan is borrowed. Some people even say that every time they inquire about small loans, they will also be recorded by credit information. I haven't verified this for the time being, but I suggest that you don't frequently inquire about the amount of small loans if you don't borrow money.
3. Impact on bank mortgage loans
According to the information I have collected, both Agricultural Bank of China and China Merchants Bank say it is difficult to lend to people who borrow money and make small loans.
ABC: We don't have any hard and fast rules for the time being, but if you borrow money with Alipay or JD.COM, you must settle it first, otherwise it will be difficult to get the loan.
China Merchants Bank: If you borrow from Alipay, JD.COM Baitiao and other Internet loans, it will be more difficult to approve than those who don't borrow from these platforms.
At present, the common products are JD.COM IOU, Ant IOU, Suning Renxing Payment, Micro-loan, Baidu Finance and so on. Has been connected to the credit information system.
A: There is a big difference.
The nature of lenders is different, and the effective conditions, applicable laws and loan interest rates of loan contracts are also different.
First, the difference between financial institutions and non-financial institutions.
Small loan companies (hereinafter referred to as small loan companies) are established by natural persons, enterprise legal persons and other social organizations with the approval of provincial government departments (generally financial offices), and operate small loan business without absorbing public deposits. Small loan companies are not financial institutions.
A bank is an enterprise legal person approved by the financial supervision department (commercial banks are approved by the banking supervision department of the State Council) to absorb public deposits, issue loans and handle settlement. Banks are financial institutions.
Second, the conditions for the loan contract to take effect are different.
Contracts signed by non-financial institutions, financial institutions and borrowers are all loan contracts stipulated in the contract law. The former is private lending and the latter is financial lending.
A loan contract signed with a bank of a financial institution is a commitment contract. As long as the contract is signed, the loan contract will take effect.
The loan contract signed with a microfinance company of a non-financial institution is a practical contract. The loan contract can only take effect after the contract is signed and the loan is delivered.
Three, the applicable law, loan interest rate is different.
The loan contract signed with the microfinance company of a non-financial institution shall be governed by the Contract Law and the Judicial Interpretation of the Supreme People's Court on the Trial of Private Lending Cases. Therefore, the annual interest rates of 24% and 36% are applicable.
The loan contract signed by financial institutions and banks is applicable to the contract law, but the judicial interpretation of the Supreme Court on the trial of private lending cases is not applicable. Article 2 of the judicial interpretation stipulates that financial institutions and their branches engaged in loan business established with the approval of financial supervision departments shall not apply to disputes arising from loans and other related financial businesses. Therefore, the annual interest rate of financial lending does not apply to the provisions of 24% and 36% for private lending.
The Supreme Court's Opinions on Further Strengthening Financial Trials (Fa Fa Fa [2017] No.22) stipulates that the borrower of a financial loan contract should support the request to reduce the annual interest rate by more than 24% on the grounds that the fees such as interest, compound interest, penalty interest and liquidated damages claimed by the lender at the same time are too high and obviously deviate from the actual losses. Therefore, the maximum annual interest rate of financial lending should be capped at 24%.