What is the difference between spending money, borrowing money, micro-lending and having money to spend? It will be clear after reading these.

I believe that many borrowers are no strangers to flowers, loans, micro-loans and rich flowers. Although these loan platforms and consumer credit platforms are well-known in the online loan industry, many users can't tell the difference between these platforms. What is the difference between spending money, borrowing money, micro-lending and having money to spend? Let me give you a detailed introduction.

Brand background

Huabai is a consumer credit product launched by Ant Financial. Users can advance the amount of ant flower buds in advance when spending, and enjoy the shopping experience of spending first and paying later.

Borrowing is a loan service launched by Alipay platform, which mainly provides users with personal credit services. At present, the application threshold for borrowing is sesame credit score of 600 or above.

Micro-loan is an Internet banking loan product launched by Tencent Weizhong Bank. It is a pure online micro-credit revolving consumer loan product for WeChat users and mobile QQ users. According to the individual comprehensive situation of users, the credit line provided to users is different.

Qianhua is a credit brand launched by Baidu Finance. Its orientation is to provide personal consumer credit services for the public and create an innovative consumer credit model. You have the money to use Baidu artificial intelligence and big data risk control technology, and rely on Baidu technology and scene advantages to provide Internet credit services to borrowers.

Micro-loans and spending money use the repayment method of average capital, and the average capital pays the same principal every month, with more interest than before. There are two ways to borrow: matching principal and interest and paying interest first. Bai Hua supports users to repay in advance, providing users with an interest-free period of up to 4 1 day.

Under normal circumstances, users only need to repay on time before the 9th of next month. When the borrower's funds encounter problems, he can also choose to apply to the platform for installment repayment.

The four lending platforms of Huayuan, Lending, Microfinance and Qianhua all support users to repay in advance, while the three lending platforms of Huayuan, Microfinance and Qianhua support users to repay in advance without any charge. Loans support users to repay in advance, and the platform will charge 0.5% of the repayment principal as a handling fee.

To sum up, it is a detailed introduction to the four loan platforms and consumer credit platforms: Huabai, Lending Bank, Microfinance Bank and Qianhang. When there is a problem with users' cash flow, they can choose these four loan platforms, and users can choose the appropriate loan products according to their own needs.