In WeChat, there are several different ways to borrow money, including Weilidai, WeChat Pay, credit card repayment, third-party loan platforms, and money borrowing applets.

1. Weilidai

Weilidai is WeChat’s own loan product. Borrowers can see the entrance to Weilidai in their WeChat wallet. Borrowers can choose different repayment terms and amounts according to their needs.

During the borrowing process, you need to provide authentication methods such as identity proof, bank card binding, and face recognition. After passing the authentication, you can borrow money. The borrowing purposes of Weilidai include consumption, tourism, medical care, education, etc. Borrowers can use it according to their actual needs.

2. WeChat Pay

WeChat Pay is a WeChat credit payment product, similar to Alipay’s Huabei. Borrowers can use Fenpay to make consumption payments in WeChat Wallet, but they need to activate Fenpay and bind their bank cards first.

The amount of disbursement is related to the borrower's credit situation, and the usage period is one to three months. During the borrowing process, authentication methods such as identity authentication and facial recognition need to be provided. After the authentication is passed, you can use split payment for consumption payment.

3. Credit card repayment

If you already have a credit card and need to borrow money, you can use WeChat’s credit card repayment function. To make credit card repayments through WeChat, you need to bind the credit card, select the repayment bank and repayment amount, and perform payment operations. The repayment period needs to be completed within the time specified by the bank, and the repayment amount needs to be based on the actual consumption amount.

4. Loaning Mini Programs

WeChat also supports some borrowing mini programs, such as Micro-amount Quick Loan, Flash Bank, China Merchants Bank Loan, etc. Each of these loan mini-programs requires borrowers to download and register for use. Each mini-program has slightly different borrowing procedures and requirements. During the borrowing process, authentication methods such as identity authentication, bank card binding, and face recognition need to be provided. Once the authentication is passed, the loan can be made.

It should be noted that when choosing a borrowing method, you need to choose a borrowing method that suits you based on your actual needs and circumstances. At the same time, you need to carefully read the loan agreement, interest rate and other information to avoid unnecessary disputes and risks. In addition, borrowings need to be repaid on time to avoid undesirable situations such as overdue loans.

5. Third-party loan platform

Users can apply for loans through the WeChat official accounts of third-party formal loan platforms, such as 360 IOU, Du Xiaoman, China Merchants Union Finance, Fenqile, Anyyihua, etc., search for its official WeChat public account and follow it, then find the entrance to the loan application in the main interface of the public account, bind the account and upload personal information to apply for a loan.

Reference for the above content: Baidu Encyclopedia-Weilidai