It can be paid in installments or in one lump sum.

1. Ant Borrowing is a loan product on Alipay. Users with a Zhima score of 600 or above and who frequently use Alipay will have the opportunity to obtain a certain credit line. After the loan application is successful, you can also automatically repay in installments.

2. The repayment period of Ant Borrowing is 12 months. Users can choose to repay in monthly installments or repay in advance. Regardless of whether it is repayment in installments or early repayment, the daily expected annualized interest rate is about 0.045.

3. There is no choice in the number of borrowing installments.

4. After successfully applying for borrowing money, you must repay the loan on time. Once it is overdue, it may be included in the bank's credit record, which will not only affect Zhima Credit, but also hinder the processing of some businesses.

Extended information

How to activate Ant Borrowing

1. Install Alipay wallet on your mobile phone, open the Alipay wallet homepage, select the wealth function key at the bottom to enter wealth Function page.

2. On the function key page, you can see the functions of Sesame Credit. Click to enter the Sesame Credit page.

3. On the Sesame Credit page, you can see the Sesame Credit score displayed. Click the Credit Life button at the bottom to enter the page.

4. Click on the credit life at the bottom to open the credit life of Zhima Fen. You can open financial services through Zhima Credit - Borrowing. Click to borrow the service. Enter the Jiebei loan page.

Baidu Encyclopedia-Baidai