As we all know, Ant Lending is a loan product launched after Alipay Flower Garden, which belongs to Ant Financial. Its brand strength is still relatively strong, and it has a high quota, low interest rate and simple operation, so it is favored by many friends, but it has never been used. Many things are uncertain, such as how much is the interest on the loan? Let's take the ant borrowing 1000 yuan as an example to calculate and see what the interest is for one month.
First, ants borrow daily interest rates.
1, the daily interest rate of ants borrowing is generally between 0.015% and 0.06%. Based on the comprehensive evaluation of Alipay account and personal credit, different accounts will have different loan interest rates, depending on the page display.
2. After the first loan, the interest rate is not fixed. Every time you apply for a loan, the system may adjust the interest rate according to the usage, just saying that the interest rate that has been lent at present will not change.
Second, the ant loan interest calculation rules
Ant borrowing supports early repayment at any time, and repayment bears interest on a daily basis. You can choose two interest calculation methods: equal monthly repayment (fixed monthly repayment amount) and interest repayment first (only interest repayment every month, and finally all principal repayment).
1, interest days for prepayment
Interest is not counted on the repayment date, that is, the head count is not counted, but interest of 1 day will be charged on the loan date, for example, 1 day will be counted as interest on the loan date, which is counted as1day;
2. Interest calculation formula
Interest = the daily interest rate of the actual principal in arrears, that is, the more principal repaid in advance, the more principal actually in arrears, and the less corresponding interest.
Third, calculate the interest of ant loan per month 1000.
Assuming that the current daily interest rate is 0.04%, the monthly interest rate for 30 days = 10000.04% = 12 yuan, regardless of whether the equal monthly interest rate or average capital interest rate is selected.
The above is how much interest Ant Financial 1000 borrows a month. The lower the interest rate, the fewer installments and the less interest.
Is the interest rate high?
The interest of ants borrowing money is higher than that of banks. At present, the benchmark interest rate of bank loans is 4.9%, and the daily interest of most borrowers is between 4.5% and 5%. There are also users who can get less than three ten thousandths of interest, but very few.
Therefore, the daily interest rate borrowed by ants is converted into annual interest rate, and most people are between 16.2%- 18%.
Credit loan (formerly known as borrowing money) is a loan service launched by Ant Financial Services Group [1] relying on Alipay. According to different sesame scores, users can apply for different loan quotas. The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan. When borrowing money, users can choose to lend money to Alipay account and bound savings bank card for personal consumption, decoration, travel and so on.
202 1, 1 1 year1October, the name of the loan was changed to "credit loan", and it was clearly stated that the service was provided by the bank.
Ant Technology Group Co., Ltd. (hereinafter referred to as Ant Group), formerly known as Ant Financial Services, is a financial service enterprise in Zhejiang, which was formally established in June of 20 14.
Ant Financial is committed to building an open and accessible credit system and financial service platform through scientific and technological innovation to provide safe and convenient inclusive finance services for consumers and small and micro enterprises around the world. The company's products include Alipay, online merchant bank and Ant Financial Cloud.
On February 9, 2022, Forbes released the list of the top 50 global blockchain in 2022, and Ant Technology Group Co., Ltd. was on the list.
Development course:
165438+20201October 3, the Shanghai Stock Exchange issued an announcement to suspend the listing of Ant Technology Group Co., Ltd. on the Science and Technology Innovation Board. Subsequently, the Hong Kong Stock Exchange also announced that the listing of H shares of Ant Technology Group on the main board of the Stock Exchange of Hong Kong Limited will also be suspended.
On June 6th, 2020, 165438+ the issuer of Ant Group and the joint lead underwriter started the refund procedure, and the above money was returned on June 9th, 2020. The shares subscribed by investors will be cancelled on June 6, 2020 165438+.
From June 5438 to February 2020, monetary authority of singapore announced the applicants who successfully obtained the digital banking license, including the wholly-owned subsidiary of Ant Group.
On 20021,10 and 10, Ant Technology Group Co., Ltd. made industrial and commercial changes, and its registered capital increased from 23.779 billion yuan to 35 billion yuan, an increase of about 47%.
202 1, 1 1, Ant Group and other eight institutions jointly initiated the establishment of the "Open Working Group on Information Barrier-free Technology and Intellectual Property", and announced the free opening of information barrier-free technology patents to the society, with the first batch of 28 patents.
How much is the interest of ant flowers a month?
Flower buds have high interest rate by installment.
Bai Hua's installment interest is related to the number of installments, accounting for 2.5% of the total amount of three installments, 4.5% of the total amount of six installments, 6.5% of the total amount of nine installments and 8.8% of the total amount of 12 installment.
The full name of flower bud is ant flower bud, which is a consumer credit product launched by Ant Financial. After the application is opened, you can get a consumption quota ranging from 500 to 50000 yuan. When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first, then paying".
The amount of ant flower buds is rewarded according to the behavior of consumption and repayment accumulated by users on the platform. The behavior of users on the platform is dynamic, and the corresponding quota is also dynamic. When users behave well and meet the quota policy for a period of time, their corresponding quotas may increase. Ant flower beds cannot be opened or raised by others. Please don't trust others and don't disclose personal information.
Repayment method: users can prepay the amount of ant flower buds at the time of consumption, and make repayment on the 9th of the following month after receiving the goods. The longest interest-free period can reach 4 1 day. In addition to the consumption experience of "buy this month, pay it back next month, and it is super long and interest-free", Ant Flower Garden has also introduced the function of flower garden staging, and consumers can repay the money in 3, 6, 9, 12 months. The 9th of each month is the repayment date of Bai Hua, and users need to pay off the generated Bai Hua bill on the repayment date. On the due repayment date, the system will automatically deduct the balance of Alipay account, Yu 'ebao (with the function of withholding Yu 'ebao) and fast payment by debit card (including one card) in turn to repay the outstanding part of the bill. You can also take the initiative to repay. In order to avoid overdue, please ensure that the amount of Alipay account is sufficient. If it is overdue, a late fee of 0.5% will be charged every day.
Interest is the use fee of money in a certain period of time, and it refers to the reward that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds.
According to the different nature of banking business, it can be divided into bank interest receivable and bank interest payable.
Interest receivable refers to the remuneration that the bank obtains from the borrower by lending to the borrower; It is the price that the borrower must pay for using the funds; It is also part of the bank's profits.
Interest payable refers to the remuneration paid to depositors by banks to absorb their deposits; It is the price that banks must pay to absorb deposits, and it is also part of the cost of banks.
How to calculate the interest of ants?
Specific calculation rules of ant borrowing interest:
1, repay part of the principal every month in equal amount, and the repaid part will not generate interest. That is to say, if you borrow 1 10,000 yuan and need to repay 902 yuan every month, the principal interest of 760 in the first month is 140, then the repayment of 760 in the first month will not be calculated in the second month, and the interest will become/kloc-0.
Because the interest generated every month is less and less, the repayment is equal to 902, so the part of the monthly interest reduction is the overpaid principal. The more principal is paid each month, the less interest will be paid next month, which is a virtuous circle. So the equal amount will be much lower than the total repayment with interest.
2. Interest before interest is to calculate the annual interest according to the daily interest rate of the borrower's account. For example, if your daily interest rate is 4/ 100000, then the daily repayment is 100000.0004=4 (check your own interest rate). Since the principal from the first installment to the last installment has been 10000, the interest generated every month is 65438.
So what needs to be repaid in the end is the interest 10000 yuan for the whole loan period.
Extended data:
Ant Borrowing is an Internet consumer credit product launched by Ant Financial. Since the launch of15 in April, loans ranging from 1000 to 300,000 yuan have been issued to more than 30 million Alipay users.
According to the process of lending treasure, 30 million users can log in to Alipay at any time and find the entrance of ant lending treasure in the "My" menu bar, and the whole process from checking the quota, borrowing to lending can be completed within half a minute at the earliest.
The data shows that ant borrowing is very popular among users in coastal areas. Among them, Guangdong has the largest number of users, accounting for 16% of the total users, followed by Zhejiang, Jiangsu, Fujian and Shanghai, accounting for 14%, 9%, 7% and 6% respectively.
Since the beginning of this year, consumer financial policy dividends have been frequent, and the regulatory authorities have continuously released signals to encourage consumer credit innovation. Just on March 30th this year, the Central Bank and the China Banking Regulatory Commission jointly issued a document to encourage exploring the use of Internet, big data analysis and other technical means to develop standardized online micro-credit loans, realize online application, approval and lending of consumer loans, and build a self-service consumer loan platform.