How much is the interest rate on Paipai Loan?
How much is the interest rate on Paipai Loan? How to calculate the interest on Paipai Dai:
The interest rate on Paipai Dai is relatively high. The annual interest rate of Paipai Dai loans ranges from 7 to 24, and the interest rate for borrowing 10,000 yuan is 700 to 2,400. The interest is not less than 36, so even if the interest is high, it is legal.
As for everyone’s feedback that overdue interest and collection interest are too high, this fee is not conventional loan interest and cannot be included in the loan fee. As long as the borrower repays the loan on time, only the principal and interest need to be repaid, and no additional fees will be incurred.
Paipaidai is an online credit lending platform in China. Its operating entity is Shanghai Paipaidai Financial Information Services Co., Ltd. The company is formal and reliable, and the Paipaidai platform is also completely formal and legal.
When everyone is short of money, I use no less than 10 loan products. To sum up, I still recommend Du Xiaoman (formerly known as Baidu Finance) for the following reasons: 1. Compared with the invitation system of Jiebei and Weilidai, you can actively apply if you have money to spend. 2. The maximum limit is 200,000, the minimum annualized rate is 7.2, and the account is credited in 3 minutes. It is already very easy to use; 3. It is a formal and large platform, so you don’t have to worry about routines;
4. Generally, the review of formal products is relatively strict, although It's easy to use, but it's difficult to apply, and it's the same if you have money to spend. But I asked for an exclusive application channel from internal staff, and the purchase rate is very high, so it is the most recommended product among the products. There is no one. Since I have recommended it to everyone. , and also provide an exclusive application channel. Friends in need can apply by themselves.
Just remember to use the quota on the same day, otherwise the quota may be withdrawn. A friend has had this problem before situation, remember.
Du Xiaoman-If you have money to spend (second batch), click online to measure the amount
There is another one: 360 IOU is actually the anti-virus king Qihu 360 online loan platform, which mainly provides everyone with pure Credit loan, the limit is within 200,000 yuan, the usage period is between 1-12 months, and the daily interest rate can be as low as 0.027. As a platform owned by a network security giant, 360 IOU is still more reliable than ordinary platforms.
360 IOU can borrow up to 200,000 yuan!
Click to measure the amount online
The third one: "Xinyidai" is owned or issued by Ping An Bank to individuals for other legitimate consumption or business purposes other than purchasing housing. Unsecured RMB loan business. Once the information is complete, the loan will be released within 1-3 working days.
The application threshold is low: you can apply if you have an average monthly income of more than 4,000 yuan (car loan, housing loan, provident fund, and insurance policy are best), the amount is suitable, and the repayment is flexible: the loan limit is RMB 10,000 to RMB 50 Ten thousand yuan; the loan period is 12 months, 24 months, or 36 months, and for high-quality occupations, it can be as long as 48 months.
Click here to measure the amount of Ping An New Loan online
The above content is for reference only and does not make any loan recommendations. Online loans are risky, so be careful when choosing! What will happen if Paipai Loan is overdue? How to calculate overdue interest?
Many people will take out loans online to solve their financial difficulties, but they must remember to repay the loan on time, otherwise it will be overdue. Paipaidai is a purely online loan platform that can provide borrowers with unsecured and unsecured pure credit loans. So, what will happen if Paipaidai is overdue? How to calculate overdue interest?
1. Penalty interest and interest penalty interest collection standards: Penalty interest per period = Overdue principal per period * ‰ * Cumulative number of overdue days If the borrower is overdue, in addition to the penalty interest and interest, the borrower must pay the lender In addition to the principal, reminder fees should also be paid to Paipaidai. Collection fees are paid by Paipaidai to reward lenders who actively participate in collections or to subsidize collection costs.
2. Collection fee collection standard: collection fee for each period = overdue principal for each period * * cumulative number of overdue days. If the overdue principal for each period is 50 yuan, the minimum collection fee for each period is 10 yuan. ; If the overdue principal of each period is ≤50 yuan, there is no minimum collection amount for each period of collection fees. In addition, late repayments and failure to repay the loan on time will be included in the bad credit record and cause personal credit stains.
Therefore, everyone is reminded to repay on time and apply for a loan based on your repayment ability to avoid adverse situations. How is the overdue interest on Paipaidai loans calculated
The overdue interest on Paipaidai loans is charged on a daily basis, and the daily interest rate is 0.2, so the overdue interest calculation formula is: overdue interest = overdue amount * Actual number of overdue days*0.2. For example, if the borrower's overdue amount on Paipaidai is 2,000 yuan, and it is actually 10 days overdue, then the total overdue interest is: 2,000*10*0.2=40 yuan. In addition, after Paipaidai is overdue, in addition to charging overdue interest, the borrower also needs to pay overdue interests to the lender and pay collection fees to the platform. The overdue benefit collection standard is: overdue benefit per period = overdue principal per period * 0.7‰ * cumulative number of overdue days. The standard for collection of reminder fees is: reminder fee for each period = overdue principal for each period * 0.6 * cumulative number of overdue days.
For more information on how the overdue interest on Paipaidai loans is calculated, go to: View more information on how to calculate overdue interest
The overdue calculation method for each different platform is different. , the common overdue interest calculation methods are as follows:
1. Bank loans
Bank loans are recognized as a relatively reliable loan platform. If overdue interest occurs, overdue interest will be charged. Calculate The method is principal * overdue interest rate * number of overdue days. Each bank has different regulations regarding overdue interest rates. According to the regulations of the Central Bank, the penalty interest rate is 30-50% higher than the original loan interest rate. If the borrower's loan is used for abnormal purposes, such as investment in gambling or other activities prohibited by the bank, the bank will immediately withdraw the loan or increase the original loan interest rate by 50 to 100.
2. Credit card
Credit cards are also a type of loan. When a credit card is overdue, there will generally be two types of fees: overdue interest and liquidated damages.
Overdue interest: Generally, bank credit cards have an interest-free period ranging from 20 to 50 days. If the cardholder still fails to repay after the interest-free period, overdue interest will accrue. Generally, It is charged at 0.05% per day.
Liquidated damages: At present, most banks set the standard for liquidated damages to be 5% of the unpaid portion of the minimum repayment amount.
3. Alipay
There are many loan platforms on Alipay, such as Huabei, Jiebei, online merchant loans, etc. The interest accrued after overdue payment on different platforms is different.
Huabei: If the current amount due is not repaid before the repayment date (the 10th of each month), corresponding overdue interest will accrue. The specific calculation method is overdue amount * number of overdue days * 0.05.
Borrowing: The calculation method for overdue fees is the overdue bill amount (overdue principal plus interest) * interest rate * 1.5 * number of overdue days (not counting the day).
Online merchant loans: Overdue interest on online merchant loans is relatively high. The calculation formula is: overdue bill amount (overdue principal plus interest) × interest rate × 1.5 × number of overdue days (not counting the day).
4. Online Loans
There are currently many small loan platforms on the market, and different platforms have different overdue interest rates. Taking Paipaidai as an example, the overdue interest for each period is =Overdue principal of each period*0.7‰*overdue days. After 90 days of overdue payment, the borrower's information will be exposed, and the lender can initiate legal proceedings or find a collection agency for collection.
Even if you apply for online loans multiple times, even if you are not overdue, your online black index score will be damaged and you will be judged to be on the online loan blacklist. Once on the online loan blacklist, not only will the application for online loans be rejected, but also Huabei and Jiebei will have their quotas reduced, or even be shut down in serious cases.
In addition to protecting personal information, borrowers can learn about their online loan usage through Xiaoqixincha on WeChat, including comprehensive scores, application records and other details, as well as personal online loan information. Data status, if the big data is messed up, it must be corrected in time to avoid a major impact on personal credit reporting.
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