Recently, a news about borrowing exploded in the circle of friends: as long as the user is overdue, the remaining loan will be fully recovered. This may sound harsh, but it has also sparked a new wave of questions about how to apply for funding online and its rules. So, is this news really true? Today, let's unravel this mystery together.
We have to figure out, what is borrowing? To put it simply, borrowing is an online small-amount application fund service launched by Ant Financial, a subsidiary of Alibaba. Users can apply for a certain amount of credit application funds through the mobile app without collateral and guarantee. Due to its ease of operation and quick disbursement, it has been favored by many consumers.
But many netizens said that it doesn't matter if it's closed, anyway, the amount given is not high, and now many people are using the gold on WeChatCow flowersCome instead of borrowing Huabei, the amount given is high and convenient, if you have a small partner who knows or has already opened it, leave it for comment, let everyone open it.
No financial product is risk-free, and the same is true for borrowing. In order to control the risk of applying for funds, Borrower has formulated a series of strict repayment regulations. One of the most controversial is the "overdue processing mechanism". According to the conventional understanding, if the user fails to repay the loan within the time limit, the financial institution will usually collect it first and may charge penalty interest. However, the reform of borrowing this time proposes a more radical measure - once the user is overdue, the remaining loan will be recovered in one go.
This policy undoubtedly surprised and even panicked many people. If this is really done, it will undoubtedly be a major blow to those users who have temporary problems with the capital chain. However, if we carefully analyze the official statements and the relevant contract terms, we will find that the situation is not as simple as it seems.
According to the official explanation, the so-called "full recovery of the remaining loans" does not mean that the principal of the loan will be recovered in advance, but that once the user has overdue behavior, its credit limit will be reduced to zero until the overdue amount is repaid. In other words, it's a risk control tool designed to motivate users to repay their loans on time, rather than unconditionally recovering the applied funds.
Of course, such measures are not entirely unreasonable. Online application for funds has attracted a large number of users due to its low threshold and simple procedures. However, this also comes with a certain amount of credit risk. Many users may overlook the importance of repayment because they have too easy access to funds, resulting in an increase in overdue rates. Therefore, it is necessary to strengthen overdue management to ensure the safe operation of the platform and the rights and interests of other users.
As a financial technology product, its operating model is also constantly optimized and upgraded. The news of the overhaul may be an adaptation to changes in regulatory requirements, but also reflects the increasing emphasis on risk control by platforms. In this process, the legitimate rights and interests of users will also be more strictly protected.
However, as ordinary users, how should we respond to such changes? First of all, it is necessary to look at the online application funds rationally, clarify your repayment ability, and avoid excessive debt. Secondly, you must develop a good habit of repaying on time and maintain a good personal credit record. Finally, in the face of various financial information, it is necessary to maintain sober judgment and not believe unverified news.
We can conclude that although the borrower has carried out a comprehensive reform and strengthened the overdue management measures, it does not mean that the user will immediately recover the remaining application funds once the deadline is overdue. The real purpose is to motivate users to repay in a timely manner, and in this way reduce the overall risk of applying for funds.