1. The service object is different

Borrowing is a consumer credit product under Ant Micro-loan, and its main service object is Alipay users. Users who meet the application conditions for borrowing can apply. The object of credit loan service is Taobao merchants, mainly users of Alibaba, and borrowers are generally shopkeepers of major online stores. Borrowers don't need to provide mortgage or guarantee, and they can get loans with lower interest rates than traditional credit loans with their own credit.

2. The loanable amount is different

There are two loan methods for credit loans, of which the maximum loan amount for the express version is 5, yuan and the maximum loan amount for the standard version is 2 million yuan. However, the maximum amount of borrowing users is only 3, yuan, which is very different from the credit line.

3. The application conditions are different

Credit loan requires that the lender is between the ages of 18 and 65, is an enterprise legal person or an individual business owner, and has the qualification of being a member of Alibaba. As long as the personal credit record is good, Alipay will grant the quota according to the user's sesame credit and usage. At the same time, users with high activity and repayment ability in Alipay have the opportunity to apply for a loan amount.

first, what is the process of borrowing and collecting money

As mentioned above, Alipay customer service or collection staff took over at the beginning. After all, it is a well-known platform, and its attitude and process are quite standardized, just reminding users of overdue matters and urging early repayment. If it hasn't been returned for more than three months, it will be outsourced to a collection company, and it is very likely that it will be exposed to the address book and abused. After all, the outsourcing company will get the commission according to the reminder money and will not pay too much attention to the "details".

Second, what will happen if you don't borrow money all the time?

Generally speaking, if you don't take the initiative to repay by the repayment date, the ant will automatically deduct the balance, savings card and balance treasure to repay. If the amount is insufficient, the deduction will fail, and the ant will be regarded as overdue. If it is not paid back after outsourcing, it will almost become a bad debt. It is estimated that Alipay will close your account, and it will be very difficult to open it again in the future.

Third, the influence of overdue borrowing

1. The sesame credit score decreases

The sesame credit score is related to the use of borrowing, and the risk control system will monitor customers in real time. Once you are overdue, the sesame credit score will decrease. For example, the original score is 7 points, and it may drop to more than 6 points after the deadline.

2. affect the use of the loan

once the loan is overdue, it is likely to affect the normal use of the loan. If the overdue situation is serious, it will even lead to the system shutting down and borrowing, and it will be impossible to continue to use borrowing in the future.

3. Affect personal credit

Overdue borrowing will not only affect the sesame credit score, but also affect personal credit, especially those with serious overdue conditions, which are likely to be uploaded to the People's Bank of China's credit information system. Once personal credit is affected, it will be restricted to apply for a card or loan in the future. What's the difference between Alipay credit loan and borrowing? Analyze

from three aspects; ? Since the implementation of brand isolation in Alipay, some people's borrowing pages have become credit loans, while others still show borrowing. What is the difference between Alipay credit loans and borrowing? Here is an analysis from three aspects. Friends who have similar questions can come together to find out if it is the same as they imagined.

what's the difference between AliPay credit loan and debit loan? 1. If the borrowing page still shows borrowing, the operating entity is Ant Consumer Finance, and the user's loan amount, loan interest rate and loan review are all decided by Ant Finance alone, which means that borrowing has become the exclusive brand of Ant Financial. If the borrowing page becomes a credit loan, the operating entity is a cooperative financial institution, and Ant Group no longer participates in it. Whether it is the quota or interest rate, and the review of borrowers, the cooperative financial institution makes decisions. 2. In terms of credit, whether it is borrowing or lending, it will be reported to the credit bureau. Before borrowing, it was on the credit, and even if it becomes a credit loan, it will continue to be on the credit. However, the loan that becomes a credit loan is no longer reported by the ant, but is reported by the service subject displayed on the credit loan page. For example, credit purchase shows that financial services are provided by Su Yin Xiao Jin, so Su Yin Xiao Jin reports to the credit information system. 3. There is no obvious difference in repayment. Anyway, they all borrow money from mobile phone Alipay, and then audit and repay after entering the page. Even if it becomes a credit loan, it is consistent with the repayment method of borrowing money. On the repayment date, the system will automatically deduct the money for repayment. The borrower only needs to ensure that there is enough deduction in the repayment account. If the deduction fails, the repayment will be made manually. Remember that it must be returned before 24 o'clock on the repayment date, otherwise it will be overdue even if it exceeds 1 minute. The above is the relevant introduction of "What is the difference between Alipay credit loan and borrowing", and I hope it will help everyone. What's the difference between loan and credit loan

1. The application channels are different. Credit cards are generally handled through the bank's credit card channels, such as credit card online banking App or on-site application at the bank. Consumer loans are generally handled through various consumer loan platforms, such as borrowing on Alipay, and micro-loans can be opened on WeChat or QQ. If you have money to spend on a small financial loan, you must also apply in a small financial client. 2. The loan amount is different

The credit card loan amount is generally related to the total credit card amount of everyone. For example, if the total credit limit of an individual in a bank is 1, yuan, the credit card loan amount will not exceed 1, yuan. The amount of consumer loans depends on the specific regulations of each platform. For example, the maximum amount of borrowing can reach 3,, the maximum amount of micro-credit is 2,, and the maximum amount of money spent by Xiaoman Finance is usually 2,. 3. The repayment methods are different. There are many ways of credit card repayment, including full repayment, installment repayment and repayment according to the minimum repayment amount. Consumer credit loans are generally repaid on a fixed date after installment, and of course they can be repaid in advance. 4. Different opening conditions

The conditions for credit card loans are similar to those for credit card processing. Generally, we will comprehensively refer to your work income, fixed assets, real address information, and payment of five insurances and one fund, and then evaluate the credit card loan amount on the basis of meeting the conditions for card processing. Consumer credit loans, such as borrowing money, micro-loans, and spending money on finance, generally provide my ID card and bank card to keep the phone open, but whether it is a credit card or a consumer credit loan, you will generally refer to everyone's credit report.

5. Different interest-free periods

Credit cards may have certain interest-free periods according to the regulations of different cards. Consumer credit loans generally start to bear interest from the date of the next payment of the loan. The main difference between credit loan and borrowing loan is the distinction between lending institutions. In April this year, the People's Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, foreign exchange bureau and other financial management departments jointly interviewed Ant Group and announced the rectification plan. One of the requirements is that "Flower Baiji" and "Borrowing Baiji" will become the exclusive consumer credit products of Ant Consumer Finance Company, and the consumer credit issued by other financial institutions with the help of data information provided by Ant Group will no longer be labeled as "Flower Baiji" and "Borrowing Baiji". China Banking and Insurance Regulatory Commission asked Ant Group to take effective measures to ensure that financial consumers can fully understand the names of credit service providers when applying for consumer credit services, so as to avoid brand confusion.