360 IOU is low.

1. The interest rate of 360 IOU is not high. Lower than credit cards, 360 IOUs calculate interest on a daily basis, with a minimum daily interest rate of 0.03%. If converted according to this, the annual interest rate is as low as 10.8%, and the common daily interest rate for credit card cash withdrawals on the market is now 0.03%. 0.05, equivalent to an annual interest rate of approximately 18%.

2. However, the specific interest rate is determined according to the amount and period you apply for, and it varies according to different situations. Moreover, 360 IOUs can be repaid in advance. However, it should be noted that regardless of whether the repayment time is advanced or not, all interest needs to be paid.