Zhima Credit is an independent third-party credit reporting agency under Ant Financial. It uses cloud computing, machine learning and other technologies to objectively present personal credit status. It has been used in credit cards, consumer finance, financial leasing, hotels, It provides credit services to users and merchants in hundreds of scenarios such as renting a house, traveling, dating, classified information, student services, and public services.

The functions of Zhima Credit:

1. Increase the Huabei credit limit

For Zhima Credit points, Ant Financial has launched three products: Huabei, Borrow and settle down loan. Huabei is a "credit consumption" tool launched by Alipay. Consumers can purchase products through Huabei and repay the money next month. The higher the Alipay Zhima credit score, the higher the Huabei limit will be. Moreover, the opening of Huabei is also affected by Zhima Credit Score (what is the relationship between Huabei Jiebei Haodian Loan and Zhima Credit Score).

2. Impact on consumer loans

Consumer loans include Alipay borrowing, Haoshidai, and bank credit card applications and loans (Alipay Zhima credit score affects the issuance of credit cards and loans). Users whose Sesame points reach 600 have the opportunity to apply for a loan. Zhima Credit users can apply for personal consumption loans of corresponding amounts with Zhima points, and the applied amount can be withdrawn to Alipay balance. "Haofengdai" is a product of China Merchants Union Financial, and the threshold is higher than "Jiebei". Currently, you need a sesame score of 700 or above.

In addition, Zhima Credit has also begun to cooperate with other financial institutions to use Zhima points as the basis for lending. For example, Jiufu, which introduced Zhima Credit Score, said that with a higher Zhima Credit Score, the loan amount you can enjoy will be higher, and the expected annual interest rate will be lower.

3. Apply for visas

Now, Sesame Credit can apply for visas to Singapore and Luxembourg, and more countries will join in the future. Currently, if you go to the visa center through Ali Travel and have a Sesame Credit score of more than 700, you can apply for a Singapore visa, and if you have a Sesame Credit score of more than 750, you can apply for a Luxembourg visa. This saves you those troublesome steps and documents, and you don’t have to rush around to apply for a deposit certificate when applying for a visa. This is a great benefit! (How do I apply for a visa with Alipay Sesame Credit Points? Is it easy to pass)

3. Marriage Baihe.com

Although Baihe.com implements a real-name system, it is still unavoidable for criminals to use dating websites to "cheat marriages" "Problem, by introducing Sesame Credit, the trust of both parties can be increased. Users of Baihe.com can first check the other party's sesame score to understand the other party's credit, and then decide whether to develop in-depth development with the other party. The introduction of sesame points can improve the trust of single men and women in their blind dates, which is more conducive to the cultivation of relationships.

4. Rental benefits

Qingke Apartment and Taobao Real Estate are testing the rental e-commerce model. Combined with the "Sesame Credit Score", tenants can also enjoy credit rights of 1 yuan on rent. Taobao launched a credit-to-rent activity, which coincides with the graduation season and can alleviate the rental problems of many graduates. Taobao cooperates with Qingke Apartment to turn "Sesame Credit" into a "rental benefit", which is also a bold attempt in the rental industry.

5. Car rental benefits

Now Zhimafen users can enjoy the car rental service with Zhimafen. If your Zhima score reaches 600, you can enjoy Chefenxiang smart car rental. No deposit is required, and you can use the car first and pay later. Users with a Zhima score of 650 can book short-term self-driving products with a deposit of less than 5,000 yuan at more than 700 Shenzhou Car Rental directly-operated stores across the country without paying a deposit or pre-authorization. eHi Car Rental will also introduce Sesame Credit. EHI Car Rental users can apply for the pre-authorization-free car rental service as long as their Zhima Credit Score is 650 or above and have no negative records. EHI Car Rental will grant users a pre-authorization-free limit of 5,000 yuan based on their Zhima Credit Score. There is also Uxin’s used car rental service.

6. Zero deposit for hotel accommodation

"Alibaba" has launched the "Credit Stay" hotel service plan based on Sesame Credit. Users with a score of 600 or above can enjoy "zero deposit" when booking a hotel. Deposit" check-in and other services. Xiaozhu Short-term Rental has also cooperated with Zhima Credit to launch a deposit-free check-in service for scores of 600 points or more.

7. Impact on credit record

After the combination of Zhima Credit Score and the central bank’s credit reporting system, it will affect the credit record. Zhima Credit Score now has an additional negative credit record, and it is possible that On the blacklist (Zhima Credit also has a blacklist? What things will affect your credit record)? If your Zhima Credit score is too low and your credit record is bad, it will affect your credit card application and loan.

9. Try before buying online

For customers with high Zhima credit scores, you can try before buying when shopping online, which is equivalent to buying clothes in a physical store! This customer service has solved a big flaw in online shopping, and there is no need for refunds or anything.

Extended information:

Scoring rules of Zhima Credit

Zhima Credit score (referred to as Zhima score) is based on the user’s various dimensions with the user’s authorization. Data (covering financial lending, transfer payment, investment, shopping, travel, accommodation, life, public welfare and other scenarios), using technologies such as cloud computing and machine learning, through model algorithms such as logistic regression, decision trees, and random forests, to analyze data in various dimensions Comprehensive processing and evaluation are carried out to objectively present a comprehensive score of personal credit status in the five dimensions of user credit history, behavioral preferences, contract performance capabilities, identity characteristics, and personal connections.

The score range is 350 to 950. Continuous data tracking shows that the higher the Sesame score, the better the credit level, and the lower the probability of default in scenarios such as financial lending and life services. A higher Sesame score can help individuals obtain more efficient and better quality loans. Serve.

The composition of Sesame Credit Score:

Credit history: past credit account repayment records and credit account history;

Behavioral preferences: when shopping, paying, and transferring money , preferences and stability in financial management and other activities;

Performance ability: stable economic sources and personal assets;

Identity traits: enough richness left in the process of using relevant services and reliable basic personal information;

Personal connections: the identity characteristics of friends and the degree of interaction with them.

Reference: Sesame Credit-Baidu Encyclopedia