Many people have this question when borrowing money: Is the interest rate higher on borrowing or on a credit card? From the perspective of cash withdrawal, the daily interest rate for borrowing money is between 20,000 yuan and 50,000 yuan, which is 7.2% to 18% when converted into an adult. The daily interest rate for most borrowings is 40,000 yuan. 5. However, there are still cash withdrawal fees, and different banks charge different proportions.

It is worth noting that when users use credit cards on a daily basis, they mainly use it to make purchases and try not to use it to withdraw cash. When you use a credit card to make purchases, you can enjoy a certain interest-free period. As long as you repay the money on the repayment date, you don't have to pay interest. Moreover, Jiebei only has a borrowing function and cannot be used for consumption.

When opening Borrowing for the first time, different users will receive different credit limits, generally around 10,000 yuan. If the user frequently uses various functions in Alipay and abides by relevant rules, and at the same time in Alipay If you purchase various financial products, etc., you can get more credit lines by opening the loan at this time, otherwise the credit line will be reduced.

There is a limit on the number of borrowings you can borrow. According to regulations, the number of borrowings you can apply for at the same time cannot exceed 20. I believe many people will not be able to reach such a high number of borrowings. In fact, users can borrow money and return it at the same time, so that it can be used repeatedly. It is worth noting that when users use Jiebei to borrow money, each loan needs to be approved by the system.

The repayment methods of Ant Borrowing include automatic repayment and manual repayment. The automatic deduction will start after 12 o'clock on the repayment date, generally in the order of balance, savings card, and Yu'E Bao. When making deductions, pay attention to the limit when using the bound savings card. Different banks have different regulations. At the same time, users can set the order of automatic deductions by themselves.

Be sure to repay the loan on time after borrowing money, because penalty interest will accrue if it is overdue, and the penalty interest will be charged at 1.5 times the original interest. The longer the time, the heavier the repayment burden will be. At the same time, overdue records will be uploaded to the credit reporting center, causing personal credit reporting to become bad and affecting subsequent processing of various loans.