Can I borrow money from WeChat?

Wechat loans can be handled through "micro-loans" or the official WeChat account and WeChat applet of the lending institution.

I. Microfinance:

Micro-loan is an online micro-credit loan product launched by Tencent Weizhong Bank, which provides a maximum loan service of 300,000 yuan according to the qualifications of borrowers. This product bears interest on a daily basis, with the highest daily interest rate of 0.05%. The process of microfinance is as follows:

1. Log on to WeChat first, and then enter my wallet;

2. On the wallet page, you can see the option of "borrowing money with small loans", and click Enter;

3. After entering, you can see the credit line by borrowing money from micro-loans. Click "Loan" and enter the loan amount, which should be within the credit line;

4. Finally, the borrower can choose the loan amount and term according to his own needs, sign the loan contract online and complete the loan operation.

Note: Micro-credit is only available to some users at present. If you can't see the choice of "micro-loan" when you enter WeChat "My Wallet", it means that you are not an invited user of micro-loan and can't handle the loan business.

Second, WeChat official account loan:

At present, many lending institutions and platforms have opened official WeChat accounts. For example, Renren Loan, Paipai Loan and Ping An Pratt & Whitney have all opened official WeChat accounts. Borrowing users only need to log on to WeChat, search for the official account name of the lending institution in the search bar, click on the attention, then enter the official account of the lending institution, and fill in the loan application materials according to the prompts, so as to handle the loan business.

Third, WeChat applet loan

The form of WeChat applet loan is similar to that of WeChat official account loan. Users can search the name of the WeChat applet of the lending institution through WeChat, click Enter, and then fill in the loan application materials according to the prompts to handle the loan operation. Although it is convenient for WeChat applet to handle loans, all borrowers must be cautious when choosing lending institutions. At present, there are some illegal cash loan platforms on WeChat applet, so users should choose legal and reliable platforms to handle loan business.