How much is the interest rate for additional Yirendai loans? Just do the math and you’ll know!

If you are an old customer of Yirendai, after applying for a loan, you are likely to be invited to open a product called an additional loan during the repayment process, and the amount can be used to pay off the previous loan. loan. Many friends are concerned about the interest rate of Yirendai additional loan? High or not? Let’s briefly introduce it today.

1. User feedback If you want to know the interest rate of additional loans, it is best to look at the real feedback from netizens. According to feedback from a user, the unpaid principal of Yirendai was put into the additional loan and can be used for repayment. Assuming that the unpaid principal in the previous period is 10,000 yuan and the additional loan is 70,000 yuan, then the total payment of 10,000 yuan is close to 100,000 yuan, of which 10,000 yuan is used to repay the previous debt. The actual loan is 70,000 yuan, and the principal and interest per period are 9,999 yuan. Calculated based on 12 months a year, the sum of principal and interest is about 120,000 yuan, and the total interest is 20,000 yuan. In this way, the annual interest rate is 2/7=30.

2. Is the interest rate of Yirendai additional loan high? What is the concept of annual interest rate of 30? Based on the daily interest rate of 5/10,000, the annual interest rate of Ant Borrowing and Weilidai is close to 20, which is about 18; the annual interest rate of bank credit loans such as CCB Quick Loan and ICBC e-Loan is approximately between 5 and 10; The annual interest rate of a credit card installment loan is about 24; Generally speaking, the annual interest rate of Yirendai's additional loan is 30, which is relatively high among regular loan companies, but it is not considered a loan shark; I believe that there are no 100-percent loans in the financial market now. Although bank loan interest rates are low, the application threshold is high and it is difficult to get a quota; Yirendai is fast in disbursing funds and is very suitable for people who are in urgent need of money, so if money is really tight, there is no problem in borrowing for emergency use. How can I get a loan from Yirendai? Just meet these four conditions!

Yirendai is a credit platform under the long-standing financial institution CreditEase. It has always been very stable in terms of platform background and operating model. Because of this, Yirendai is loved by many users. . So is Yiren Loan easy to get approved? How can I get a loan from Yirendai? Let me briefly explain it to you.

1. How can I get a loan from Yirendai? As far as the feedback from Yirendai users is concerned, overall it is very favorable, as long as the following four conditions are met.

1. Age: Mainland Chinese residents between 22 and 60 years old with civil capacity.

2. Working hours: The current unit has been working continuously for half a year or more, there is no frequent job change, and there is a stable source of income.

3. Income: The monthly check-in salary is more than 4,000 yuan. The individual has the ability to repay debts on his own and does not have many other liabilities to his name.

4. Credit: The overall personal credit situation is good, with few overdue situations. At least there has been no overdue bill within three periods.

2. How to apply for Yiren Loan? Yirendai allows users to download the APP themselves, then register and log in, and enter the required information completely. It only takes about 10 minutes to know whether they have been approved. In addition, if the loan is fast, it can be received on the same day, with a maximum loan amount of 50 Ten thousand. The above is the answer to "Is it easy to get approved for Yiren Loan? What are the requirements for application?" Generally speaking, users with normal sources of income, few debts, and good credit reports are more likely to be approved and can apply. However, for It is relatively difficult for users with unstable jobs and poor credit reports. Can I successfully make a loan if I have a credit limit on Yirendai?

Having a credit limit on Yirendai does not necessarily mean I can make a successful payment. It still depends on whether your application conditions are met. The specific situation depends on your review results.

Yirendai application conditions:

1. The borrower is between the ages of 22 (inclusive) and 60 years old;

2. A working person with a stable job Nationality, and working time is more than 3 months;

3. Salary flow (salary payment method is online banking);

4. Good credit.

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Not necessarily. You need to apply according to the prompts and check whether your application is successful based on the review results. However, the threshold for Yiren Loan is relatively low. As long as you have a job, you can apply, and the success rate of your loan is relatively high. The following are the characteristics of Yirendai loans, you can take a look.

1. Low threshold; no mortgage or guarantee is required, the entire process is operated online, and the threshold is relatively low.

2. High quota; the quota is relatively high, you can apply for up to 200,000, which is a good choice for users with large capital needs.

3. The account is received quickly; the account can be successfully received in as little as 30 minutes. It is a good helper for those who are in urgent need of money.

4. Low cost. The monthly fee is as low as 0.78, the loan cost is not too high, and the financial pressure is relatively small. I would like to ask if Yirendai's ordinary mode is easy to borrow money?

Yirendai's ordinary mode is easy to borrow money. As long as you have a job and good credit, borrowing is not a problem. The following are Yirendai loan conditions, you can take a look.

1. The borrower is between 22 years old (inclusive) and 60 years old;

2. An office worker with a stable job and working time for more than 3 months;

3. Salary flow (salary payment is through online banking);

4. Good credit.

It is easy to get a loan, because Yirendai mainly serves urban white-collar workers, so if you have a job, you can apply directly.

Loan amount: 10,000-100,000 yuan;

Loan period: 12, 24, 36 months;

Loan fee: platform service fee, including upfront There are two parts: service fee and installment service fee;

Audit time: as fast as 10 minutes, but it is generally reviewed within 2 working days;

Payment speed: as fast as 2 hours, under normal circumstances, the payment will be released within 3 working days.

For more information on whether it is easy to make a payment in the normal mode of Yirendai, please enter: View more content