1. Can I get a loan through Yu’E Bao?

People often use loans in their lives. There are many types of loans, which are usually divided into mortgage loans and credit loans. There are also many ways to obtain loans. The most common ones are bank loans. In addition to bank loans, there are also some local small loan companies.

However, loans also come with risks, and borrowers need to weigh their own financial capabilities when making a choice.

Yu'e Bao is a balance value-added service created by the third-party payment platform Alipay for individual users.

Users can get income through Yu'e Bao, and can also make consumption expenditures and transfers anytime and anywhere just like using Alipay balance.

Moreover, users can purchase fund financial products directly on the Alipay website, and the balance in Yu'e Bao can also be used for online shopping, Alipay transfers, etc. at any time.

The fund company will confirm the share of the funds we transfer to Yu'e Bao on the second working day, and the income will begin to be calculated for the confirmed share.

Yu'e Bao is essentially a monetary fund. From this point of view, Yu'e Bao cannot make loans.

Judging from the nature of Yu'E Bao monetary fund, Yu'E Bao is not related to payment of goods. It can carry out free inter-bank and cross-regional transfers, but it cannot make loans.

Some people think that Yu'e Bao will increase the cost of the whole society and subvert the real economy. However, although Yu'e Bao will change the weight of demand deposits and time deposits in the whole society, it will increase the average cost of deposits and have a negative impact on the construction of workers and peasants.

A part of the bank's interest spread profit will be reduced, but it will not have an impact on the loan interest rate.

2. How to get a Yu'E Bao loan?

Yu'e Bao is just a monetary fund and cannot be used for loans, but we can use Alipay wallet to apply for loans.

The process of using Alipay to apply for small loans is as follows: First, we need to open and log in to Alipay, click on the wealth in the lower right corner of the Alipay interface to enter the page, and click "Portable Loan".

After entering the portable loan, we can see the current loan limit. The initial limit is based on the good degree of credit. It is usually 1,500 at the beginning. Only by having a loan and repaying it in time can we increase our loan limit.

After clicking on the loan amount, we enter the loan amount we need to apply for, and then we can click on the repayment plan and view the repayment plan.

Click "Confirm Use" and enter the payment password to complete the loan application.

This process is very convenient.

After we complete the loan application, we can view the repayment information in Alipay.

First we need to go back to Alipay and scroll down the page to find "Small and Micro Loan". If we don't find it, we can find it in "..." and add it to the main interface.

Then click to enter the page.

The first amount that appears on the page is the amount we have not repaid, and the second amount is the current loan amount we can apply for.

We can click on the first amount to view the repayment record and repayment plan, click on the second amount to initiate the loan, and after filling in the verification on the subsequent page, follow the same steps as for "Pocket Loan" to complete the loan initiation.