Alipay ant's credit score needs to reach 600 or above to apply for a loan. After Alipay users open the loan, the system will authorize the loan amount according to the credit score. The higher the credit score, the higher the loan amount, the lower the credit score and the lower the loan amount.

Extended data:

Borrowing is a loan service launched by Alipay. At present, the application threshold is more than 600 points for sesame seeds. According to different scores, the loan amount that users can apply for ranges from1000-300,000 yuan. The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan.

2018 65438+1October 9, according to the news of Shanghai TV, Alipay's small loan product "Ant Borrowing" violated the relevant regulatory regulations of the central bank by actively closing some user accounts to control the loan balance due to its high leverage ratio.

Ant Financial Services Group (hereinafter referred to as "Ant Financial Services") started from Alipay and was established in 2004. 20 14 10, Ant Financial was formally established. With the vision of "bringing small and beautiful changes to the world", Ant Financial is committed to building an open ecosystem, helping financial institutions and partners to accelerate their March into "internet plus" and providing inclusive finance services to small and micro enterprises and individual consumers through the "Internet Propeller Plan".

References:

Borrow _ Baidu encyclopedia