3% is usually the monthly interest rate, that is, the interest rate for borrowing one yuan a month is 3%.

The interest rate in March was 0.3%. If you borrow 100,000 yuan, the monthly interest is 100,000 yuan * 0.3% = 300 yuan;

The annual interest is 3,600 yuan; the interest rate of this loan is still acceptable, not very high.

In fact, such a borrowing rate was rare in 2018.

For bank borrowing, the one-year loan base interest rate (annual interest rate) is 4.35%, that is, for a loan of 100,000 yuan, the annual interest is 4,350 yuan. Both of them generate more interest than bank borrowing.

Extended information:

When applying for a bank loan, all banks will require the borrower to have a good credit record. Banks will deny loans if you have bad credit. If you are overdue or overdue for other loans using a credit card, you may have a bad credit record and the bank may deny the loan.

When applying for a loan, borrowers must measure their repayment ability and determine whether they can repay on time after the loan expires. If you can repay the loan on time, you can borrow with confidence; if not, it is best not to borrow money to prevent unnecessary trouble for yourself in the future.

Bridge capital is a kind of short-term financing with a term of six months, which is a kind of capital connected with long-term capital. The purpose of providing bridge funds is to meet the conditions for docking with long-term funds through the financing of bridge funds, and then replace bridge funds with long-term funds. Crossing the bridge is only a temporary state.

Bridging funds and loan guarantees fully demonstrate the leverage and guiding role of fiscal funds, becoming the most direct and effective measure for the government to serve small and micro enterprises, and have been generally recognized by enterprises.