Formal and legal, the interest rate is not high. The repayment is jointly operated by Qihe Technology and Focus Small Loan, which is essentially a personal credit loan. Only users who meet the repayment conditions can use repayment to repay their credit cards. At present, the minimum annual repayment interest rate is 9. 13%. Judging from the background, loan threshold and loan interest rate, repayment is a formal credit card repayment.

1. Huanbai is an internet finance section under Focus Media, which is jointly operated by Shuhe Technology and Focus Small Loan. Shuhe Technology and Focus Small Loan both hold formal financial licenses. From the company background, the background strength of word of mouth is still relatively strong.

2. The essence of repayment is actually a personal credit loan. The user repays the credit card with repayment. In fact, they apply for loans from repayment, and then use the loan funds obtained from repayment to pay off the credit arrears, and then repay on time according to the agreement with repayment.

3. When the user applies for a loan, the system will comprehensively evaluate the personal credit and qualification of the borrower. When the evaluation results meet the repayment conditions, the platform will lend money to the borrower, and the loan funds will be directly credited to the borrower's credit card account, with a clear purpose.

Repayment of loan interest is also a concern of many small partners. According to the repayment officer, the repaid loan interest can enjoy a 50% discount on the minimum annual repayment rate of credit cards. At present, the minimum annual repayment rate of bank credit cards is 18.25%, and a 50% discount on this rate means that the minimum annual repayment rate needs 9. 13%.

However, according to most users' feedback, the repayment interest rate is generally higher than 9. 13%, because the repayment interest rate is linked to the borrower's personal credit status. The better the personal credit, the lower the loan interest rate. This specific interest rate is determined by systematic evaluation, and manual intervention is impossible.

Huanbai is a platform jointly operated by Chongqing Focus Microfinance Company and Shanghai Collection, so Chongqing Focus Microfinance Company belongs to Focus Media, a listed media company, so it is also a listed company. In addition, Chongqing Focus Microfinance Company has obtained a financial license issued by the state, so it is also said to be established under the condition of national recognition, which shows that it is a formal platform.