How to get a loan with Sesame Credit Score?

Since the launch of Alipay’s Zhima Credit Score, what everyone is most concerned about is whether the Zhima Credit Score can be used for loans? Of course you can get a loan. As long as your Zhima credit score reaches a certain value, you can apply for a loan. So how to get a loan with Sesame Credit Score? Let me introduce it to you below!

How to get a loan with Sesame Credit Score?

1. Last year, Sesame Credit announced that it had reached cooperation with “Huabei” under Ant Microcredit and “Haoqidai” under China Merchants United Finance. Users with a Sesame score above a certain level will have the opportunity to receive "Huabei" and be eligible to open a "Good Period Loan". This is also the first time Sesame Credit has entered the financial field and accessed consumer credit scenarios. Users with a Sesame score of 700 or above have the opportunity to apply for a "good term loan" with a limit between 2,000 and 10,000 yuan. The loan period is divided into 3, 6, and 12 months. The loan can be repaid at any time, with interest calculated on a monthly basis. Interest is calculated on a daily basis in the month of repayment, and the repayment method is equal principal and interest.

2. Zhima Credit Card is also connected to the consumer credit product "Jiubei" under Ant Microcredit. Zhima Credit users can enjoy consumer loans of up to 30,000 yuan in Huabei. Through "Jiubei", the maximum You can get a personal consumption loan of 50,000 yuan, and the amount you apply for through Borrowing can be withdrawn to your Alipay balance, which is equivalent to getting a loan from a bank.

The application threshold for "Jiebei" is a sesame score of 600 or above. Depending on the score, the loan amount that users can apply for ranges from 1,000 to 50,000 yuan. The maximum repayment period for Borrowing is 12 months, and the expected annualized interest rate on the loan date is repayment as you borrow.

In the "Wealth" column of Alipay wallet, click to enter Zhima Credit Score, and you can find Huabei and Jiebei services in "Credit Life - Finance".

How to get a loan from Sesame Credit

Step 1: Use mobile Alipay and log in, click more as shown below:

Step 2: Update Click here to see small and micro loans, click to enter.

Step 3: See that under My Loans there are projects that are eligible for account loans. As shown in the picture below, this account can lend an equal amount of principal (12 months). Others do not meet the application conditions. Click Loan Equivalent Principal (12 Months) to enter.

Step 4: Enter the detailed introduction of the loan with equal principal amount (12 months) and you can see the daily interest rate, repayment period, and repayment rules. You should carefully read the repayment rules, which are related to your interests. If you understand them clearly, click to apply for a loan.

Step 5: The lender information uses the information during Alipay authentication. If it prompts that it needs to be improved, just click to enter and complete it.

Step 6: Enter the amount you applied for and the information verification code, and finally click Submit Application. If you can apply, you can usually get a loan.

Extended information:

Increase the loan limit of Sesame Credit

1. Because Sesame Credit is a type of credit, you can use credit cards to repay using Alipay. The payment is made, and binding a credit card is also very important for Zhima score, so if you have a credit card, be sure to remember to bind it.

2. Alibaba’s e-commerce department, Tmall, Taobao, Juhuasuan and other shopping accumulative quotas, shopping categories, return and exchange records, and even Alibaba Wangwang’s chat records are all important scoring criteria for Sesame Credit.

3. Using Sesame Credit Line to purchase things is also a very important way to increase your Sesame Credit Line.

4. When paying gas bills, water and electricity bills at home, it is also best to use Alipay, because this can also greatly improve your Zhima credit.

5. If you have a lot of Alipay friends, it can also add points to your Sesame Credit score. It is recommended to add all the numbers in our mobile phones as Alipay friends.

6. When using Yu'e Bao and Zhaocai Bao, the greater the amount invested, the more businesses are used, the more frequently, and the higher the score.

7. The last thing is to maintain a good personal credit record.