Wireless, you may have heard that name many times, but do you really know it? In fact, micro-credit is a consumer credit product that applies to all consumption needs in our daily lives. How, then, is it possible to open up the loan function for micro-credit? Come with me to see the opening conditions。

How do we get the credit for the credit

First of all, you need to make sure that the wi-fi version used is eligible. Because the credit is a credit service in a micro-credit, there is a certain requirement for the use of a micro-credit version. Therefore, if you do not update your Twitter for a long period of time, you may be at risk of not being able to open up the micro-credit service in a timely manner. But don't worry, as long as you're up to date, you'll get away with it。

The second condition is that you need a good letter record. Why? Because when you want to open a micro-intelligence share service, the platform needs to check your correspondence. So, if there's a stain on your letter record, it could affect your chances of getting a little credit。

Again, you need to meet the age of the system. Micro-credit payments are a loan product for adult consumers, so you need to be over 18 years old to use them。

Finally, you need to complete your real name certification in a microclinic, more specifically, you need to bind your valid bank card and cell phone numbers, and this information must be the same person, otherwise there may be problems with certification failure。

AFTER THE OPENING CONDITIONS, LET'S TALK ABOUT THE INTEREST ON MICRO-CREDIT. HOW DO YOU CALCULATE THE INTEREST ON THE CREDIT? IN GENERAL, INTEREST IS CALCULATED ON A DAILY BASIS AT THE AMOUNT ALREADY USED AT AN INTEREST RATE OF 0.04%. IF YOU BORROW $10,000, THE INTEREST ON THAT DAY IS $4, WHICH IS NOT VERY HIGH. MOREOVER, WITH RESPECT TO THE PORTION OF INTEREST, INTEREST IS ONLY CHARGED TO THE PRINCIPAL PART, AND THE PORTION OF INTEREST GENERATED IS NO LONGER INTEREST, THAT IS TO SAY, THERE IS NO “ROLLING INTEREST”。

It should be noted that a comprehensive assessment of your account usage, consumption repayment records, credit status is carried out by the Micro-Credit Payments Board, which then determines your amount and interest. Therefore, greater use of micro-credit payments and good personal credit may result in lower interest rates or even higher rates for you。