In layman’s terms, Jianbei means borrowing money using Alipay, and Weilidai means using WeChat to borrow money.
They are both borrowing money. What is the difference between the two? Activation conditions
1. Borrowing is relatively easy to activate, and its activation and limit increase are determined based on Zhima Credit Score. However, there are no official regulations on the specific number of points that can be used to activate it. Some people can activate it with 500 points, while others have not yet activated it with 800 points. However, if you are generally accustomed to online shopping, you can easily open it through borrowing money. The higher the sesame score, the higher the limit.
Borrowing money from Jiebei is easy to operate and the disbursement speed is also fast. You can basically get the money immediately after applying. Alipay or bank card will work.
2. Weilidai cannot be applied for by yourself yet. It is an internal invitation system, and several conditions need to be met at the same time:
The above four are the basic conditions for applying for Weilidai, but you can Whether you can successfully open Weili Loan will be determined based on the system’s evaluation results. Therefore, if someone tells you that they can help you open a Weili loan, they must be a liar. And Weilidai cannot lend money to WeChat balances, but can only lend money to bank cards. Different interest rates
1. Ant Borrower
The maximum loan amount of Ant Borrower is 200,000, the interest rate is less than 0.05%, and the repayment dates are divided into 6 months and 12 months.
My borrowing interest rate is 0.035%, that is, if I borrow 1,000 yuan, I have to repay 0.35 yuan every day. The annual interest rate is 365*0.00035= 12.775%. If I borrow 10,000 yuan and the term is 1 year, according to For equal repayment of principal and interest, the monthly repayment is 889.37 yuan, and the total interest is 672.42 yuan.
2. Weilidai
The loan amount is between 500 and 200,000, and the maximum single loan can be 40,000. The daily interest rate is less than 0.05%. The payment dates are divided into 5 months, 10 months and 20 months.
Credit system
1. Whether you can get credit on Jiebei depends on whether you are using Jiebei from sellers or Borrowers from buyers. Buyers who use Jiebei normally will not Enter the personal credit reporting system. However, if the overdue amount exceeds a certain amount, or the overdue amount exceeds three consecutive months, the credit report will also be submitted. However, if the seller borrows the loan, it will definitely enter the People's Bank of China credit system, because the seller borrows the loan and it is an operating loan.
2. Weilidai is very strict in terms of credit reporting supervision. When you check the limit, your credit reporting will be listed, and every time you borrow a loan, your credit reporting will be listed. . Some people even say that every time you inquire about Weilidai, your credit record will be recorded. I haven't verified this yet, but I suggest you don't check the Weili loan limit frequently if you don't want to borrow money.
3. Impact on bank mortgages
According to the information I have collected, as for the people who borrow Bei and Weili loans, Agricultural Bank of China and China Merchants Bank said that it is difficult to lend to these people.
Agricultural Bank of China: We have no hard and fast rules for the time being, but if you have borrowed money from Alipay or JD Baitiao, you must settle it first, otherwise it will be difficult to lend money.
China Merchants Bank: If you have borrowed money from Internet loans such as Alipay, JD.com and Baitiao, it will indeed be more difficult to get approved than those who have not borrowed money from these platforms.
At present, common products such as JD.com Baitiao, Ant Borrowing, Suning Renxuipay, Weilidai, and Baidu Finance have all been connected to the credit reporting system.
Answer: There is a major difference.
Depending on the nature of the lender, the conditions for the validity of the loan contract, applicable laws, loan interest rates, etc. are different.
1. The difference between financial institutions and non-financial institutions
Small loan companies (referred to as small loan companies) are approved by the provincial government department (usually the Finance Office). A company invested and established by natural persons, corporate legal persons and other social organizations, which does not accept public deposits and operates small loan business. Small loan companies are not financial institutions.
A bank is an enterprise legal person established with the approval of the financial regulatory authorities (commercial banks are reviewed and approved by the banking regulatory agency of the State Council) to absorb deposits from the public, grant loans, handle settlements and other businesses. Banks are financial institutions.
2. The conditions for the loan contract to take effect are different.
The contracts signed by non-financial institutions and financial institutions with borrowers are both loan contracts stipulated in the Contract Law. The former is a private loan and the latter is a financial loan.
The loan contract signed with the bank of the financial institution is a contractual contract. As soon as the contract is signed, the loan contract becomes effective.
The loan contract signed with a small loan company that is not a financial institution is a practical contract. The loan contract will not come into effect until the contract is signed and the loan is delivered.
3. Applicable laws and different loan interest rates
Loan contracts signed with small loan companies that are not financial institutions shall be governed by the Contract Law and the judicial interpretation of the Supreme Court on the trial of private lending cases. Therefore, the annual loan interest rate regulations of 24% and 36% apply.
The contract law shall apply to the loan contract signed with the bank of the financial institution, but the judicial interpretation of the Supreme Court on the trial of private lending cases shall not apply. Article 2 of the judicial interpretation stipulates that this provision does not apply to disputes arising from the granting of loans and other related financial services to financial institutions and their branches established with the approval of the financial regulatory authorities to engage in loan business. Therefore, the annual interest rate for financial loans does not apply to the 24% and 36% regulations for private loans.
Several opinions of the Supreme Court on further strengthening financial trial work (Fafa [2017] No. 22) stipulate that the borrower of a financial loan contract shall pay the interest, compound interest, penalty interest, and liquidated damages concurrently claimed by the lender. Any request to reduce the total amount exceeding 24% of the annual interest rate on the grounds that the expenses and other expenses are too high and significantly deviate from the actual losses shall be supported. Therefore, the maximum annual interest rate for financial loans should be capped at 24%.
Alipay Jiebai is loaned by small loan companies, and WeChat Weilidai is loaned by banks. In fact, there is not much essential difference between the two. They all belong to the currently popular category of consumer loans.
Alipay borrows money from small loan companies, but that is just because Alipay does not have a banking license.
The specific subtle differences between the two are as follows.
1. First of all, let’s look at the interest rate. Weilidai and Jiebei both give an interest rate based on a comprehensive assessment of the user’s credit, information level, consumption frequency and property status. Everyone is different. However, the benchmark daily interest rate is 0.05%. For example, my Weilidai is 0.04%, and my loan is 0.05%. I hardly use these two functions.
2. Activation method: Log in to Alipay, click My in the lower right corner, and then Borrow will appear. If there is no Borrow option, it proves that you are not qualified at the moment. You can activate the reserve fund first, and after a period of accumulation, It can be activated. Similarly, if it is not applicable for a long time after activation, Alipay will close it. As for Weilidai, open the WeChat payment homepage and there will be a Weilidai option. Just follow the step-by-step operation guide. Generally speaking, it is more difficult to open Jiebei than Weilidai.
3. Credit reporting issues: Both Weilidai and Jiebei will be recorded in the personal credit report. Weilidai’s data will be submitted to the central bank as required, but it is not required for Jiebei. As long as the borrower repays on time and without expectations, it will be positive information on the personal credit report, and both can improve the personal credit level.
4. Tip: Whether it is micro-loan or borrowing, it is essentially the same as a bank’s credit card installment payment. Users should be careful when using it because the annual interest rate is very high. Generally, the daily interest rates for ordinary users are 0.03% and 0.04%, which can be converted to an adult rate of about 10%. It is not recommended to use it unless there are special circumstances.
There is a simple formula for reference, annual interest rate = single-period handling rate * number of installments * 24 / (number of installments + 1), and the error is almost negligible!
In short, the two are essentially the same, with only formal differences.
Alipay can give me a loan limit of 100,000, while WeChat Weilidai can only give me a limit of 34,000.
However, although Alipay provides a high credit limit, the daily interest rate is as high as 50,000. In contrast, WeChat Weilidai seems to have a daily interest rate of 0.045% in order to gain support, which is 0.005% lower than Alipay.
Borrowing limit:
Weili loan limit:
Let’s briefly talk about the difference between the two:
In fact, I have I don’t particularly like Jiebei or Weilidai. They are actually loans, but they are only small amounts. But you have to know that their different daily interest rates directly affect users’ enthusiasm for using them. After all, there is a big difference between 50,000 and 1.50,000!
Both are financial institutions and do not apply to the new judicial interpretation of private lending, that is, they are not subject to the 4 times upper limit of the LPR interest rate. I think this is the biggest concern for borrowers. 1. Small loan companies are also financial institutions
Weilidai is an inclusive financial loan product launched by WeBank in mid-May 2015. WeBank was initiated and established by Tencent and well-known private companies such as Baiyeyuan and Liye Group. It is headquartered in Shenzhen, Guangdong Province. It was approved by the regulatory authorities to open in December 2014. It is the first private bank and Internet bank in China. There is no doubt that disputes caused by overdue Weili loans are financial lending disputes.
Borrowing is a lending service provided by Chongqing Ant Shangcheng Small Loan Co., Ltd. Microfinance companies are established with the approval of local financial institution regulatory authorities. Does it belong to a financial institution? Recently, according to the approval of the Supreme Court, it has been clarified that seven types of institutions, including small loan companies, pawn shops, and commercial factoring, are financial institutions. 2. Both are financial institutions and are not subject to the 4 times upper limit of the LPR interest rate.
The most direct impact of whether it is a financial institution or a non-financial institution is that when a dispute occurs, the applicable laws are different.
Loans by non-financial institutions are subject to the new judicial interpretation of private lending, and the upper limit of judicial protection interest rate is 4 times LPR. Calculated based on the LPR in December 2020, the upper limit is 15.4%.
Loans from financial institutions do not apply to the new judicial interpretation of private lending, that is, they are not subject to the 15.4% interest rate ceiling. Recently, the central bank has canceled the upper and lower limits on credit card overdraft interest rates. It remains to be seen what impact it will have. However, at present, the overdraft interest rate of credit cards is still 15,000 daily interest rate, and the comprehensive annual interest rate is 18%. After the due date, there will be penalty interest and the converted interest rate will be higher. 3. Overdue collection, who is more powerful?
There are many differences between Jiebei and Weilidai. However, as a borrower and a debtor, in addition to being concerned about the interest rate after overdue, we are also concerned about the collection issue after overdue.
Currently, my Alipay account is overdue for 280,000 yuan and Weilidai is overdue for 40,000 yuan. Both of them were basically overdue at the same time, and it has been 9 months since then. In the past nine months, except for the first time I answered the phone, I stopped answering the phone very much later. Based on the comprehensive judgment of all aspects of the situation, the former collection is relatively mild. The latter's collection is more powerful. Those who said they were going to the village to put up notices were also sent by the latter to collect text messages.
In any case, I am overdue and the responsibility lies with me. After my credit card repayments are completed, I will prioritize the balances owed by these two companies. To be honest, among all online loans, Weilidai gave me the lowest interest rate, with a daily interest rate of only 12,000 yuan and a comprehensive annualized interest rate of 7%. In the future, I may no longer be able to enjoy its services. I feel deeply regretful!
From a bank’s perspective, let’s take you through the differences between online loans, loans from “small loan companies” and loans from “banks”.
Alipay’s Jiebei and WeChat’s Weilidai are both traditional and formal online loans. They also adopt an “invitation system” to actively issue quotas to qualified users, and based on different customer qualifications , the amounts and interest rates given by these two online loans are different.
When users have borrowing needs, they can lend money through independent operations and withdraw cash to the bank card bound to them. If they need to repay, they can also support borrowing and repaying at any time, with interest calculated on a daily basis. Store the principal and interest of the repayment in the bank card bound and make the repayment on the mobile APP.
It can be said that this type of loan solves the borrowing problems of a large number of customers and makes borrowing and repayment very convenient and fast.
Of course, as formal online loans, these two types of loans will also be recorded in the credit reporting system of the People's Bank of China, but the types of lending entities reflected are different.
Most of Alipay’s lending entities are Chongqing Ant Mall Small Loan Co., Ltd. (including some other cooperative institutions).
As for WeChat’s Weilidai, its lending entity is Shenzhen Qianhai Weizhong Bank Co., Ltd.
Although both a bank and a small loan company have the conditions for lending, there are still many differences in nature. Here we only share one point that is closely related to our users, which will affect our application for other loans. The question of bank loans.
When most traditional banks and consumer finance companies accept customer loan applications, they will have requirements for the type and balance of existing loans reflected in the customer's credit report.
When a customer's credit report shows a loan issued by "XX Small Loan Company" with a loan amount of less than 50,000 yuan, the bank's approval system will default to the fact that the customer's funds are too tight. As for Alipay loans, most loan amounts are not too high.
Why is this happening? This stems from a misunderstanding about small loans. From the perspective of the approval system, a customer borrows money from a small loan company, and the loan amount is too low. This means that the customer may not be able to obtain a so-called "regular" loan with a lower interest rate and a higher amount, which further indicates that the customer's overall qualifications are insufficient. What is lacking.
In this way, when we use Alipay’s Jiebei and a small loan appears on our credit report, and then apply for various bank loans, we may be asked by the bank to supplement other materials. , to prove their qualifications, it may even affect the final approved loan amount and interest rate, and some may even be denied a loan.
However, due to the characteristics of this type of online loan, when we need to apply for a large low-interest loan from a bank, we can choose to settle the online loan such as Jiebei in advance, and then go to Just apply. However, it should be noted that since there is a certain delay in updating the credit report, it is better to settle the online loan one month in advance. It will be safer to apply for a bank loan after the credit report is updated.
1 From the loan experience point of view: Alipay’s user experience is better and more convenient. Weilidai is a mortgage product designed to keep up with the situation. As long as your Zhima credit score is good, your personal basic loan The information is complete, and there are good payment and consumption records on Alipay. Generally, there is a borrowing loan, which is convenient for personal turnover. If you feel like the experience of Weilidai, you can check it. The convenience and experience of the loan are worse than that of borrowing. After all, it is also a benchmark loan. Bai was born. Last year, there was a wave of activities to increase the limit and issue credit points of micro-loans. The user base is more social, and the design and experience of financial products are poor after all. It started out as a payment company, benchmarks against the offline consumer market, and uses user payment and consumption habits, including the use of financial technology, much better than Weilidai.
2 And I think the target of Jiebei is personal consumer finance. Behind Weilidai is WeBank. Although they are both small loans, one is a consumer small loan and the other is a bank-owned loan. WeChat should be considered Compare the Weilidai of Public Bank and the online merchant loan of Online Merchant Bank, so that they can be compared. Borrowing will leave inquiry records. Generally, if you don’t default, your credit report will not go up. Both Weilidai and online merchant loans are operated by banks. Loans are all recorded in the credit report. WeBank's loans and MYbank's online merchant loans both support the development of micro-enterprises and provide financing channels. Borrowing is purely in the field of personal consumption finance.
Alipay Borrowing is a small loan developed by Ant Financial. You can borrow money through the Alipay Boring function. WeChat Weilidai is a small loan developed by Tencent. You can borrow money through the WeChat Weilidai function. Different activation methods
Activating Alipay Jiebei is relatively simple. Generally, you can open Alipay Jiebei with a sesame score of about 600. This also reflects the business philosophy of inclusive finance that Jack Ma often talks about.
Now Alipay’s Zhima credit system has been running for many years. This big data system can basically determine whether a customer has a good credit rating.
Generally speaking, as long as you often use Alipay for shopping, it is relatively simple to activate Alipay.
The opening of Weilidai is by invitation only, so it can be said that it is still relatively difficult to open Weilidai. This is also because Tencent does not have enough information about consumers' spending, and it is also because Tencent has not yet launched a more complete credit scoring system.
Therefore, in terms of activation methods, it is easier to activate Jiebei, while Weilidai is more difficult to activate. The interest rate may be different.
The interest rate for Alipay borrowing is related to personal credit and other data. The specific interest rate is different for everyone. Generally speaking, the daily interest rate is mostly around three thousandths, which means the annual interest rate is about 10.95%. The highest daily interest rate can reach 6.5 thousandths, which is equivalent to an annual interest rate of 24%. The lowest one is about 2.5 per thousand, which is equivalent to an annual interest rate of 9%.
The interest rate of micro-profit loans is basically determined based on data calculated by Tencent’s big data. Generally speaking, the interest rate of each person's Weili loan and Alipay loan may be different. If you have opened two loan methods, if you need to borrow money, you can choose the one with a lower interest rate. You need to be cautious when using
Although borrowing money from Jiebei and Weilidai is very convenient, they are both small loans and are included in the credit report. Therefore, you need to be cautious when using such small loans. If you use it, you must repay it in time. If you don't repay it in time, there may be problems with your credit report.
If you often use Weilidai and Huabei, the bank may think that your income is not very stable when reviewing your home loan, and you often need to borrow money to maintain your life. In this case, your home loan may be The interest rates are higher and banks may not even approve your loan.
Therefore, both Jiebei and Weilidai are small loans and should be used with caution. Conclusion
In summary, the opening methods of Jiebei and Weilidai are different, and the two interest rates may also be different. Both Jiebei and Weilidai are small loans and will be subject to credit reporting, so they should be used with caution.
Alipay Jiebai is lent by small loan companies, and WeChat Weilidai is lent by banks. What is the difference between the two? In fact, there are not many users using WeChat's Weilidai. Only a small number of users are using it, and some users are in grayscale testing. Let's talk about the difference between WeChat and Alipay. . What is the difference between Alipay’s Jiebei and WeChat’s Weilidai?
For these two borrowing methods, we users may feel that they are actually similar and both are used for borrowing money. There is no big difference, but we can see from the essence that there is a relatively big difference between these two loan methods. We can share with everyone the difference in the funding sources of Jiebei and Weilidai. One thing to say.
The funding source of Weilidai in WeChat is WeBank, which means that Weilidai in WeChat uses bank deposits, while Jiebei in Alipay uses funds from small loan companies. This is the difference between the two in terms of funding sources, and everyone still needs to pay attention to this aspect. WeChat’s Weilidai and Alipay’s Jiebei also have different management institutions
We can conclude from the above analysis that the source of funds for WeChat’s Weilidai is actually Weizhong’s bank. In this way The management organization of Weilidai in WeChat belongs to the management scope of banks, which is what everyone often calls the management of the China Banking and Insurance Regulatory Commission.
Ant Borrowing in Alipay belongs to the functional scope of a small loan company, so the management agency is the relevant local shutdown financial department. This is borrowed from WeChat Weilidai and Alipay. Let me give you an analysis of the differences in management organizations. There is also a simple sharing with everyone from the user experience.
I have already opened the current Jiebei and Weilidai, but in daily life, I use Jiebei more frequently, because in Alipay, as long as you fill in your basic information, and if you have certain Alipay consumption records, then you may be able to open Ant Borrowing, which is relatively simple to use.
WeChat’s Weilidai is still undergoing certain assessments and grayscale tests, and many users are actually unable to use it until now. Moreover, in terms of handling overdue users, Jiebei will be included in the central bank’s credit reporting system, while Weilidai is currently unknown.
Jiebei and Weilidai look basically the same on the client side, but their essence is still very different.
First, the sources of funds are different. The source of funds for Borrowing is the small loan company, which is the capital of the small loan company; the source of funds for Weilidai is WeBank, which is the bank's deposit.
The second is that the attributes are different. In statistical terms, borrowing belongs to social financing; while micro-lending belongs to financial institution financing.
Third, the management departments are different. Because Jiebei falls under the category of a small loan company, its management agency is the local financial bureau; while Weilidai falls under the category of a bank, so its management agency is the China Banking and Insurance Regulatory Commission. Since the latter also needs to assess the loan-to-deposit ratio, make provisions, etc. in accordance with bank regulations, the latter is more difficult to operate.
I am Konggu Hantan, sharing my views with you.