if the benchmark mortgage is 4.9%, it will rise by 1%, which is less than 5.4%. However, the loans provided by Alipay include borrowing loans or online business loans, and the daily interest is generally between .3% and .5%, so the annual interest is between 1.95% and 18.25%, which is much higher than the 5.4% mortgage interest rate after floating.
and the mortgage loan is several hundred thousand millions. The average wage earner can't even pay the interest at such a high interest rate as Alipay, so it is impossible to use the credit loan interest rate as the mortgage interest rate.
then AliPay can also provide mortgage loans! Like banks, lower interest rates, after all, the mortgage risk is low. But the question is, does Alipay have that much money? If you don't have money, you need to raise funds. Let's not say that Alipay is full of mortgage financing conditions. Would you like to put money into Alipay and give you 2% interest? Then you may say that I am safer in the Yu 'ebao and earn more.
then the problem is solved. AliPay simply can't make that much money.
according to the statistical classification of IMF, financial institutions can be divided into two types: one is deposit financial institutions, and the other is non-deposit financial institutions. Alipay belongs to the latter and can't absorb deposits, so he can only get investors' money through financial asset management, so the interest rate he pays is much higher than that of deposit-taking financial institutions.
Banks are deposit-taking financial institutions, with a current benchmark interest rate of .35% and a one-year benchmark interest rate of 1.5%. There is still a certain profit margin for lending 4.9% of their mortgage loans.
So, banks can provide mortgages, but Alipay can't. Even if it does, no one will lend, and the interest is too high.
if AliPay provides mortgage, do you feel you dare to borrow? Let's take a look at the interest rate of Alipay.
according to the interest of loan business provided by AliPay, the annual interest of borrowing or online business loans is between 1.9% and 18%. What is this concept? For example, if you borrow 2 million yuan from Alipay for 2 years, the interest will be 4.36 million yuan, plus the original 2 million yuan, you have to pay back 6.36 million yuan.
And the bank's mortgage interest rate is 4.9%. With the same amount and the same loan period, you only have 1.96 million yuan in interest. What do you think you will choose? The result should be obvious.
Furthermore, Alipay doesn't want to provide mortgage, because it doesn't have the ability. What is the meaning of bank? It is a savings institution, which has the qualification to absorb deposits, and then lends them to people who need funds in the form of loans. In this link, the bank acts as a trading intermediary. People who deposit and borrow money are the main clients of banks.
what is the essence of AliPay? Although he also has these two functions, the difference is that the money we deposit in Alipay cannot be used to give loans to others, and he is not a savings institution. The reason why he can borrow money from online merchants is because of his cooperation with banks.
What's more, lending and online business loan services are aimed at individuals, and they are also small loans. Although the interest rate is high, the base is small, so users will not feel how high the interest rate is. From this point of view, Alipay's loan service is far from being comparable to that of banks.
To sum up, mortgage, a high-yield business, can only exist in banks now or in the future. Internet financial institutions like Alipay do not have this right.
I think some people say that Alipay has no authority to handle mortgage loans. It is correct to refer to Alipay strictly. After all, Alipay belongs to a third-party payment institution and has no authority to absorb deposits and issue loans. But generally speaking, Alipay refers to Ma Yun's Alibaba system. Ant Financial in Alibaba system currently holds seven financial licenses: banking, securities, insurance, funds, trust, P2P and equity crowdfunding. Among the bank sub-categories, there are online merchant banks, which are commercial banks approved by banks and have the authority to absorb deposits and issue loans, so if Ma Yun wants to make a mortgage, it will take minutes.
There are three main reasons for not doing mortgage:
The online annual report of online merchant bank in 217 is temporarily unavailable, but from the annual report of 216, we can see that by the end of 216, the total liabilities of online merchant bank were 57.3 billion yuan, of which the deposits were only 232+18 = 41.2 billion yuan.
for the time being, let's calculate with 1,5 houses in one property, with an average of 2 million yuan per house, with a total value of 1,5 * 2 = 3 billion yuan, and with a loan of 7%, it needs 2.1 billion yuan. If all the deposits of the online merchant bank at the end of 216 are only mortgage loans, it can probably be done: 412/21=19.6, less than 2 properties.
Some people will say why not lend Yu 'ebao's money? Because this is illegal, Yu 'ebao belongs to the monetary fund and has no right to lend. If Yu 'ebao's funds are used for lending, it is at least a crime of misappropriating funds.
In addition, many face-to-face mortgage interviews and the provision of relevant materials need to be verified on the spot, but the online merchant bank has no physical outlets at present, so it is impossible for all customers to go to Hangzhou to handle them.
At present, the benchmark interest rate for five-year and above mortgages in China is 4.9%, and commercial banks generally implement a benchmark interest rate of 5.39%. Take Dinghuobao, the current savings product of online merchant bank, as an example. The interest rate is 3.8%, and the interest rate difference between them is 1.59%. Lending loans, online merchant banks can earn roughly 1.59 spreads. However, interbank deposits (which accounted for 31% of its liabilities at the end of 216), the interest rate is estimated to be more than 3.8%, so its profit is lower. Considering the operating costs, the online merchant bank may still lose money if it issues mortgages.
Let's take a look at the main loan types of online merchant banks at present, such as online merchant loan, Wangnong loan and trust payment. The daily interest rate is generally 3/1 to 5/1, that is, the annual interest rate is 1.95%-18.25%, which is much higher than the interest rate of mortgage, and the profit earned is several times more than that of mortgage, so why do you want to make a mortgage?
Some people may say that the online merchant bank can also raise the mortgage interest rate to more than 1%. Then I want to ask you, at this time, the mortgage interest rate of the traditional bank is 5.39%, and the online merchant bank is more than 1%. Would you choose the online merchant bank to support you, Marco? If you can, it proves that you are great.
as for the mortgage interest rate, why is it so low? This is because China's major banks are all central enterprises and state-owned enterprises, which shoulder the functions of safeguarding people's livelihood and maintaining social stability. The state also strictly supervises this piece, so the mortgage interest rate will be relatively low.
Ma Yun said, "We hope to be a bank dedicated to serving small and micro enterprises." Therefore, the main purpose of the establishment of the online merchant bank is to serve small and micro enterprises. At present, the online merchant bank mainly makes loans for small and micro enterprises, loans for agriculture, rural areas and farmers and personal loans. When the online merchant bank becomes a giant in the future, it may be possible to develop mortgage business.
Why doesn't Alipay provide mortgage loans like banks? The most important thing is that the profit is too low, or even unprofitable!
The bank's business model is to absorb deposits, issue loans and earn spreads. The ability to absorb deposits is the basis for its business development, but issuing loans is the means for it to achieve profitability. In terms of personal loans, personal mortgage business is undoubtedly the largest, the least risky and the most stable. How many banks are scrambling to make this fat meat.
the largest mortgage: the economic unit is nothing more than three carriers: the government, enterprises and individuals. What is the largest personal loan? Ask yourself what is the biggest loan in your life? It must be a mortgage, so the mortgage is the largest. Let's take a look at the data of the central bank: in 217, personal housing loans were 22 trillion yuan, accounting for more than 5% of the balance of personal loans, and the other two were operating loans and short-term consumer loans.
the lowest risk: although the amount of individual housing loan is large, the risk is low, because it is the most important loan for a family. If the mortgage is not paid, the house will be repossessed, and the mortgage of the house is at most 8%. After the auction, the bank can still recover the capital.
Business stability: Everyone who has the ability will buy a house for his family in 1 -3 years, which is equivalent to locking the bank's income in the next 2-3 years.
Alipay is not a savings institution, and it is not qualified to absorb deposits. Many people outside say that Alipay is a new bank, but this is actually wrong. The two major functions of banks are to absorb deposits and issue loans. Alipay seems to have these two functions, but in fact it is completely different. The funds we put in Yu 'ebao are similar to prepaid cards, and these funds Alipay can't be directly used to issue loans, only through special accounts and then instead of users investing in large deposits in banks.
As for the borrowing in Alipay, it is a cooperation between Alipay and other banks. Alipay provides data and user information, and the cooperative banks issue loans. Alipay is more of a "channel", so the money we put in Yu 'ebao is not the same as the money borrowed from Alipay.
Although the interest rate of personal consumption loans is high, the quantity is small, and the risk is greater than that of housing loans. Although Ali and Tencent both applied for bank qualification, they are only online, and their scale is far from that of traditional banks.
Mortgage is the business of traditional banks, and Internet companies can't get their hands on it, so they can only develop some new businesses with their own scientific and technological means.
why doesn't AliPay provide mortgage like a bank? Because mortgages don't make money! In essence, Ant Financial is not a deposit-taking financial institution, nor does it have such a large amount of funds and no authority to engage in large loan business.
At present, financial institutions are mainly divided into two categories: one is deposit-taking financial institutions, such as large commercial banks such as China Agricultural Construction Corporation; One is non-deposit financial institutions, such as Ant Financial and Tencent Finance.
Ant Financial Services belongs to the second category. It can't absorb deposits, and it can't absorb depositors' money like banks. Without deposits, investors' money can only be taken through financial asset management, so it's normal to lend money with higher interest.
Mortgage loans are still different from credit loans. Generally, credit loans are small loans with high interest rates, while mortgage loans such as housing loans are large loans with low interest rates, which just happens to belong to the former and mortgage loans to the latter.
There are two choices in front of you, one with low profit and the other with high profit. Even a fool knows to choose the latter, and Alipay is no exception. No matter Mr. Ma Yunma, Alibaba and Ant Financial, they are essentially businessmen and commercial companies, and their ultimate goal is to make money. Since they are making money, they must choose areas with higher profits to start.
The cycle of mortgage is often as long as 2 or 3 years. Alipay can't afford such a long loan period. Without this strength, even if Alipay has this strength, it will not do something. After all, shareholders will not agree to such thankless things. As the economic pillar of a country, big banks bear the burden of the national economy and people's livelihood, and the country is behind them, so they naturally have the ability to bear it.
The form of mortgage is generally mortgage loan or mortgage loan. At present, the main forms are provident fund loan, commercial loan or combination form.
At present, the annual loan interest rate of several mainstream commercial banks is about 4.35%, which is 4.75% for five years inclusive and 4.9% after five years. The interest rate calculation formula of commercial banks is: interest = principal × interest rate × loan term. Suppose the loan interest for one year =1×4.35%×1=435 yuan.
suppose you borrow money from an ant. If the interest of 15, yuan is calculated as daily interest, the corresponding annual interest rate is 5*365=18.25%, which is several times higher than the bank's interest rate.
according to the interest calculation formula of the ant loan, the interest is calculated as follows: interest = principal× daily interest× 365× loan term; interest on one-year bank loan =1×12.85%×1=1285. That is to say, if we borrow 1, yuan from the borrower for one year, we have to pay the bank an interest of 1,285 yuan, even if the interest rate is 13, yuan, there will be interest from 65 yuan.
At present, the benchmark mortgage interest rate is 4.9%, which can rise by about 1%, while the daily interest rate of ants is generally between .3% and .5%, so the annual interest rate is as high as 1.95%-18.25%, which is much higher than the floating mortgage interest rate. The loan life of mortgage is generally 3 years for first-hand houses, 2 years for second-hand houses, and the benchmark interest rate for loans with more than five years is 4.9%, and for provident fund loans with more than five years, it is 3.25%. Therefore, by comparison, you really can't afford to borrow the interest rate to make a mortgage, so you have to stop buying a house.
Therefore, Alipay does not provide loans, which is essentially determined by the nature of finance. Ant Financial is not a deposit-taking financial institution. Then, the profit of this kind of micro-credit loan is much higher than that of mortgage, but the loan amount is huge but the interest point is relatively low, and Ant Financial does not have such a large amount of funds to make a mortgage.
It is impossible for Alipay to provide mortgage business like a bank for the following four reasons:
First, Alipay is a non-deposit financial institution, and not all financial institutions can absorb depositors' deposits. It is impossible for a country like Alipay, a non-deposit financial institution, to provide mortgage to Alipay.
reason 2: AliPay belongs to a third-party payment platform, which can provide some businesses of financial institutions, but Alipay does not have the authority to provide mortgages like banks.
reason 3: the loan in AliPay is a credit loan. It belongs to the microfinance model. The mortgage is a large commercial loan, with a loan amount of hundreds of thousands and millions, and Alipay doesn't have so much money to put the mortgage.
reason 4: the interest rate of Alipay's loan is relatively high, and the daily interest rate is between .15 and .6. According to this annual interest rate, it is as high as 11%~19%, and the loan interest is 2~3 times that of the bank. Who is willing to borrow such high interest? With such a high interest loan, the interest has exceeded the principal several times in 3 years. If you are a working class, let alone repay the principal, I am afraid that even the interest will not be paid.
the above four reasons are the real reasons why AliPay does not provide mortgage. I believe that according to the annual interest rate of Alipay, a credit loan, which is 11%~19%, even if Alipay can provide mortgage business, who wants to go to Alipay to make a mortgage? Fools will choose the bank's commercial loan interest rate of 4.9%~6.37%, and bank loans can save a lot of interest.
Tell me what I think. Why Alipay doesn't do mortgage business
First, Alipay does things with high interest rates, and the interest is two to three times the benchmark interest of the bank.