The latest benchmark interest rates for bank loans are: 4.35 for one year; 4.75 for one to five years; and 4.9 for loans over five years. The annual interest rate of bank loans is low, but the threshold is high, so many people now lend money on online loan platforms. However, such loan platforms generally provide daily interest rates or monthly interest rates. The annual interest rate calculation formula is: monthly interest rate × 12 months = day Interest rate × 360 days (calculated based on 360 days per year) = annual interest rate.

Calculated based on the daily interest rate of 0.05, the annualized interest rate = 0.05 × 360 days = 18. For a loan of 10,000 yuan, the annual interest rate is 18×10,000 yuan = 1,800 yuan. It is worth noting that most loan platforms offer annual interest rates between 14 and 18. If the annual interest rate calculated by the online loan platform is not within this range, or even exceeds the national legal limit of 24 or 36, you need to pay attention. It is a loan shark, and the interest to be repaid in the end is very high, so even if you are short of money, you cannot borrow money on this online loan platform.

1. It is safer to make loans in the following places, first of all, banks: the most common loan channels can be divided into central banks, policy banks, commercial banks, investment banks, the World Bank, etc. Among them, commercial banks Everyone has contact with many banks, such as Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, China Merchants Bank, etc., as well as some private banks, such as WeBank, E-commerce Bank, etc. Each city also has some city commercial banks. Such as Changsha Bank and Dongguan Bank, the safest loan channels.

2. Consumer finance company: a small loan company established with the approval of the China Banking Regulatory Commission. Their lending funds are their own funds and do not absorb user deposits. This is different from banks. They are non-bank financial institutions and their loans are relatively formal and safe. But the interest rates are higher and better than banks. The next payment will be fast and the threshold is low. Formal licensed institutions: The loan industry is now much more regulated. You must hold a general lending license to engage in the lending business. Therefore, before applying for a loan, be sure to carefully check whether you have the relevant qualifications to ensure your own safety.

3. In addition to the above, there are also some places where you can get loans. Private lending companies: As long as they are formal companies with business licenses and engaged in credit business, the loan procedures and fees comply with national regulations and are governed by law. Protect. Compared with banks and financial institutions, the threshold for private lending companies is too low. Users with average personal qualifications can consider it comprehensively.