Nowadays, there are more and more channels for people to apply for loans. For friends who have a credit card, you can borrow money directly with your own credit card. For example, credit card users of CITIC Bank can apply for CITIC Mobile loan with their cards. Then, what is the interest of CITIC's loan at the time of behavior? Let me introduce the relevant content here.

Citic charges interest on Japanese loans, and the lowest daily interest rate is the highest, which should be determined according to the actual rating of the borrower. That is to say, you apply for a loan of 10000 yuan from CITIC Action Time Loan, and the daily interest varies from 3 yuan to 5 yuan.

CITIC adopts the repayment method of equal principal and interest. The borrower can repay the loan in 3-36 installments, and the monthly interest payable is calculated by the balance. In the process of returning interest, interest is gradually reduced.

For example, what is the loan interest when CITIC acts?

If Xiao Zhang borrows 90,000 yuan from CITIC Action and the daily interest rate is 36 installments, then Xiao Zhang's monthly repayment amount is RMB. The interest of the first loan is 8 10 yuan.

Interest on prepayment

If you choose to repay in advance, the interest will be calculated until the last day when you use the money. Because CITIC Mobile Time Loan has the characteristics of repayment with borrowing, there is no need to pay liquidated damages for early repayment.

Interest on overdue repayment

In CITIC's actions, the interest generated by overdue repayment will be more than the interest generated by normal repayment. In addition, overdue repayment will also leave a stain on the central bank's credit information.

The above introduces the interest of CITIC's term loan, hoping to give you a better understanding of CITIC's term loan.