Is the interest rate of your loan high?

It is not easy to say the interest rate of your loan. The interest rate of your loan is not accurately stated. It only gives the annual interest rate. The annual interest rate on borrowing for most products is 10%. The platform service fee and post-loan service fee that need to be charged are 8% and 1.2%/month of the contract amount respectively. The comprehensive borrowing cost is 35.9% of the contract amount, which is not high for a loan platform, but it is for bank loans. It’s a bit high, and the loan interest rates are different for different people, so it’s hard to say what the final interest rate will be. However, the platform is formal and legal. If you have any questions about loans, you can go to Shucai.com to find out. .

Youwodai, a leading financial technology platform in China and a practitioner of financial reform, focuses on the capital development needs of small, medium and micro enterprises, self-employed individuals and farmers, and has long been committed to the construction and improvement of the national credit system. It was successfully listed on the Nasdaq Global Select Market on May 10, 2019.

Youwodai is a financial technology platform that was officially launched in June 2011. The mobile APP was launched in 2014. Niwodai is operated by Shanghai Niwodai Internet Financial Information Service Co., Ltd., with a registered capital of 550 million yuan, aiming to provide users with efficient, transparent, safe and convenient Internet financial services.

Youwodai insists on small-amount decentralized loan business, and its services have covered more than 100 cities and regions in nearly 30 provinces and cities across the country. The loans matched by the platform are mainly for renting and decorating, electronics and digital, tourism, etc. Mainly consumer loans.

The Niwodai financial technology platform was established in June 2011. It is a pure third-party online credit investment and financing service platform. As a third-party service platform, Youwodai neither absorbs deposits nor lends money. It only provides a series of related services such as credit consultation, review, recommendation and fund allocation docking, building a bridge for fund allocation between investors and borrowers. The Niwodai platform is independently constructed and operated by Shanghai Niwodai Internet Financial Information Service Co., Ltd.

Platform Introduction:

Looking at the entire financial product market, traditional financial products are also accelerating e-commerce. More and more financial industries are using technologies such as the Internet to sell financial products and gain access to New customers, complete customer service. Financial e-commerce has become a trend.

Niwodai adheres to the concept of "compliant development and stable operation". After more than 8 years of development, it has grown into a domestic financial technology platform that ranks among the top in scale and strength. On May 10, 2019 It was successfully listed on the Nasdaq Global Select Market today. The net income of Jiayin Jinke, the parent company of Youwodai, was 2.2509 billion yuan (approximately US$327.7 million) in 2017, an increase of 280.8% compared with 2016. In 2018, Jiayin Jinke's net income reached 2.8819 billion yuan (approximately US$419.2 million). How much interest will you and I have to pay back in 2022 for a loan of 10,000 yuan?

In 2022, we will have to pay back 3,000 yuan in interest for a loan of 10,000 yuan. If we borrow 10,000 yuan, the total loan fee = (borrowing interest + tax Credit service fee + platform management fee) + platform service fee + post-loan service fee = (borrowing fee) + 1288 + 200 = (borrowing fee) + 1488 yuan. The total cost is about 3,000 yuan, depending on each person's interest rate. If the credit qualification is higher, the loan interest rate will be lower, and the actual loan interest will also be reduced accordingly. What are the fees for borrowing money from you and me? There are so many!

;?In the Internet finance industry, there are many well-known investment platforms that can also apply for loans. Youwodai is such a platform. Many borrowers do not know much about the loan handling fees of Youwodai. In fact, In addition to interest, there are other fees charged. Let’s introduce the relevant content.

1. Pre-loan handling fee Please note that all online credit loans are free of charge before the payment is made. Once the handling fee is paid in advance, it is either a fraudulent institution or an irregular company, which will cost thousands of dollars. Be careful. Youwodai is a relatively well-known platform in the industry, so it is relatively safe and reliable. When you apply for a loan, there is no need to charge any fees before the payment is made. If you receive a call asking for payment in advance, it may be a scammer.

2. Borrowing fees All fees for borrowing money on Youwodai include loan interest, credit service fees, platform management fees, platform service fees, etc. The charging standards for each product are different.

Let’s take the ID card loan with the lowest application threshold - Miaola as an example:

1. Loan interest: 12%. Calculated, the monthly interest rate is 1%, which is not very high, because private loans are annual The interest rate is about 20%. Even Alipay's daily interest rate is 0.5%, and the calculated annual interest rate is as high as 18%, so the interest rate for your loan is really not high.

2. Platform service fee and post-loan service fee. The platform service fee is 4%. After calculation, it is almost 15%.

3. The post-loan management fee is monthly. You can calculate that the annual interest rate is even higher than the interest. When all the above fees are calculated, it is almost close to the critical point of loan sharking at 36%. Therefore, the handling fee is relatively high when borrowing money from Youweida. The advantages are safety, reliability, fast disbursement, and low threshold. If you are in urgent need of money, you can try it. , In addition, there may be interest rate discounts during holiday events. It is recommended that everyone pay attention to the WeChat official account of Youwodai. Is the interest rate high for a loan of 9,000?

The interest rate for a loan of 9,000 is not too high. It is only at a medium level in the loan industry. The interest rate for a loan of 9,000 is about 1,800. The loan interest rate stipulated on the Youwodai website must be within 4 times the interest rate of the People's Bank of China for the same period, that is, the maximum interest rate shall not exceed 26.18%. As for the interest rate when the borrower issues a bid, it is completely decided by the borrower. If the interest rate is too low, he may not be able to borrow money, and if the interest rate is too high, it may be beyond his tolerance. The interest rate range recommended by the Youwo Loan website is 10%-26.18 %between. Generally, you and I will be charged a 1% renewal fee when we get a loan. After the loan is successfully withdrawn to the bank card, there is generally a handling fee of 4% of the principal.

1. What are the fees for your loan?

The borrowing fees for your loan include interest, credit service fees, platform management fees, platform service fees, etc. If the loan is successful, , service fees and other expenses will be directly deducted from your loan and our loan, and the loan interest is calculated based on the actual loan amount. Currently, Youwodai products include: Miaodai, Jiakadai, and Jiayingdai. Take the second loan, for example. The annual interest rate of the loan is about 12%, the platform service fee and post-loan service fee are 10.88% and 4% respectively, and the post-loan management fee is 1.2%/month. Taken together, the loan interest rate for you and me is 35.9%, which is slightly lower than the usury standard, but the interest rate is very high. However, the actual interest rate for your loan is as shown on the loan page.

2. Compared with similar platforms in the industry

Youwodai is a very popular loan platform. Youwodai mainly provides financing and loan services to individuals and businesses. With China Merchants Bank’s fund custody and the introduction of third-party credit reporting agencies, you and I have also gained many investors. The interest rates on your loan and mine are at the same level in the loan industry! If you need to recharge your account for repayment, you will generally be charged a 1% timely account renewal fee, and a 1% fee will be charged once you recharge.

3. Loan methods

If the loan is successful, the money will be transferred directly to the borrower's bank card. This is the only way to get a loan, not cash. If the borrower repays the loan within 6 months, the platform will directly charge 2% of your principal, and 4% of the principal for more than 6 months. If your first loan is successful, no matter how long it takes, it will be 4% of your principal. We can compare your loan to My Wallet. Xiaohua Wallet is one of the openings for personal ID card micro-loans. We can provide you with a loan of 20,000 yuan, with a maximum loan term of 12 months. Currently, the lowest daily interest rate for cash installments in Xiaohua Wallet is 0.044%, and the lowest monthly interest rate for credit card repayments is 0.59%. When applying for Xiaohua Wallet, you can provide personal ID information and authorize credit inquiries. The loan interest rate specified on your loan website must be within 4 times the interest rate of the People's Bank of China for the same period, that is, the maximum interest rate shall not exceed 26.18%. As for the interest rate when a borrower makes an offer, it is entirely up to the borrower. If the interest rate is too low, he may not be able to borrow the money, and if the interest rate is too high, he may be out of his range. Your loan website's suggested interest rate range is between 10% - 26.18%. In this way, the calligraphy of high interest rates becomes untenable. If you want to spend money, please go to you and me for a loan, which is convenient and safe.

4. Youwodai is the leading financial technology platform in China

A practitioner of financial reform, focusing on the capital development needs of small, medium and micro enterprises, self-employed individuals and farmers, and has long been committed to The construction and improvement of the national credit system. It was successfully listed on the Nasdaq Global Select Market on May 10, 2019.

Youwodai is a financial technology platform that was officially launched in June 2011 and launched a mobile APP in 2014. The operator of Niwodai is Shanghai Niwodai Internet Financial Information Service Co., Ltd. With a registered capital of 550 million yuan, it aims to provide users with efficient, transparent, safe and convenient Internet financial services. Youwodai adheres to the small decentralized loan business, and its services have covered nearly 30 provinces and cities across the country and more than 100 cities and regions. The loans matched by the platform are mainly consumer loans such as rental and decoration, electronic and digital, and travel.

5. History of the Niwodai platform

The Niwodai financial technology platform was established in June 2011. It is a purely third-party online credit investment and financing service platform. As a third-party service platform, you and I do not accept deposits or lend money. We only provide a series of related services such as credit consultation, review, recommendation and capital adjustment docking to build a bridge for capital allocation between investors and borrowers. The Niwodai platform is independently constructed and operated by Shanghai Niwodai Internet Financial Information Service Co., Ltd.