1. What is the interest rate of Taobao order loan? How to calculate the interest rate of Taobao credit loan

Taobao loan is divided into Taobao order loan and Taobao credit loan, which are slightly different in application conditions and application methods, and also slightly different in expected annualized interest rate. So what is the interest rate of Taobao order loan? Let's learn about the calculation method of expected annualized interest rate of Taobao credit loan! Calculation method of expected annualized interest rate of Taobao order loan The expected annualized interest rate of order loan is .5%/ day (five ten thousandths/day), that is, 5 yuan needs to be repaid for every ten thousand yuan borrowed, and its interest is calculated on a daily basis, and it will be repaid within 3 days. If the loan is overdue, the daily penalty interest rate is about .25%/ day (2.5 ‰/day), which means that the penalty interest of 1, overdue loans is 2.5 cents a day, and there is no compound interest. At the same time, it should be noted that the minimum interest for each order loan is 1 cent. Interest is calculated on the day of loan, but not on the day of repayment. The minimum interest for each order is 1 cent. If you apply for 1 yuan, the interest you have to pay every day is about .5 yuan. If this 1 yuan is overdue (including principal and interest), you will have to pay a penalty of .25 yuan for one day overdue. Calculation method of interest: interest = number of days actually used for the loan amount; expected annualized interest rate on the current loan date; penalty interest = number of days in loans overdue; penalty interest rate on the current loan date; interest on Taobao credit loan; Taobao credit loan is based on the credit rating of Taobao shopkeepers; the shopkeepers do not need to provide any mortgage (pledge) and guarantee; the credit loan funds are provided by Zhejiang Alibaba Co., Ltd. It is mainly a pure credit loan product for micro and small enterprises without any mortgage or guarantee. The interest of the loan is calculated according to the actual amount used and the number of days, and the interest is calculated on the borrowing day, but not on the repayment day. The loan term is 6 months and the interest is .53% per day; The application period is 12 months and the interest rate is .5% per day. The two are fundamentally different from the Taobao loan order loan, which requires the Taobao store to operate for 2 months. The loan amount is related to the "amount of the physical transaction order that the seller has shipped and the buyer has not confirmed". The expected annualized interest rate of the order loan is .5%/ day. Credit loans require Taobao stores to operate for 6 months, and the loan amount is not affected by the orders of the day, mainly depending on the overall operation. The expected annualized interest rate of credit loans is .6%/ day. Compared with the expected annualized interest rate of bank loans, the expected annualized interest rate of Taobao loans is 18%. It can be said that it is three times the bank interest, which is the same in some ways. Why do you choose Taobao loan instead of bank loan? I think everyone is very clear. Although the expected annualized interest rate of bank loan is low, the loan conditions are very harsh and the procedures are very troublesome. What about Taobao loan? Online application is very convenient and the funds can be received. In fact, Taobao loan is also mortgaged (to be precise, it should be pledged), and the pledge of orders is similar to the pledge of accounts receivable in bank loans. The risk of Taobao loan is much higher than that of bank loan, so the expected annualized rate of return of the required risk is much higher than that of bank, and the pure expected annualized interest rate of both is the same, so it is normal that the expected annualized interest rate of Taobao loan is much higher than that of bank. Specific analysis can refer to this article: Why is the expected annualized interest rate of Taobao loan so high? The expected annualized interest rate of Taobao loan is compared with the expected annualized interest rate of credit card loan and the expected annualized interest rate of bank loan. Let's compare the expected annualized interest rate of Taobao loan with the expected annualized interest rate of credit card. The expected annualized interest rate of credit cards is also 18%, which is the same as the expected annualized interest rate of Taobao loans. Credit card withdrawal is a real credit loan, and there is no mortgage pledge. Taobao loan is pledged by order, which is not a real credit loan, but it is also a half credit loan. Why do you say that? Because the general order pledge can only lend 5% of the amount, while Taobao loan gives 1% of the amount, so the amount exceeding 5% of the general order can be counted as a credit loan. In any case, since there is an order as a pledge, it is less risky than a pure credit card withdrawal. From this point of view, the expected annualized interest rate of Taobao loan should be lower than the expected annualized interest rate of credit card loan, that is, it is more reasonable to be lower than 18%. However, it makes sense that the expected annualized interest rate of Taobao loan is not lower than that of credit card. Why do you say that? Because credit card withdrawal generally requires a 1% handling fee. Suppose two schemes, A and B, A: Taobao loan is the expected annualized interest rate of .5%, but there is no handling fee; B The expected annualized interest rate of Taobao loan is four ten thousandths per day, but there is a 1% handling fee for each loan. Then, when you borrow for 1 days, the total financing cost of Plan A is: .5%1=.5%; The total financing cost of Scheme B is 1%.4%1=1.4%, and Scheme B is 2.8 times that of Scheme A.. When the loan term is less than 1 days, the total financing cost of scheme A is less than that of scheme B; When the loan term reaches 1 days, the total financing cost of scheme A and scheme B is equal, and after the loan term exceeds 1 days, the total financing cost of scheme B is less than that of scheme A.. Because most of what Taobao sellers need is short-term working capital, plan A is obviously more affordable for sellers, although it has high interest. If Taobao lends long-term loan services other than order pledge in the future, it may be more affordable for the seller to choose plan B. In addition, the credit card withdrawal amount is generally relatively small. Although the total amount of a credit card is tens of thousands, the amount of cash withdrawal is thousands of dollars. What is used here is the cash withdrawal quota, because Taobao loans are ultimately paid in the form of cash, not in the form of consumption quotas. The amount of Taobao loan may be tens of thousands or even hundreds of thousands (I don't know if there is a maximum amount of Taobao loan). From this point of view, the risk of Taobao loan is greater. If you say that your order in transit is only a few hundred dollars, and you can only borrow a few hundred dollars, it is better to withdraw cash by credit card, then you can only blame your current ability for not being able to make full use of Taobao's quota. A rule can only be formulated for most target groups, and it is impossible for everyone to be just right.

2. How to calculate the interest of Taobao loan

1. Pay off the bill before the 1th of each month, and no interest will be generated.

2. If it is not paid back after the 1th, but it is paid off within three days on the 11th, 12th and 13th, it is still free of interest.

3. If the unpaid bill exceeds 14th, it shall be calculated as .5 ‰ of the unpaid bill amount per day, and the first three days (11th, 12th and 13th) shall also be counted.

third, how to calculate the installment interest of Taobao?

suppose that 1 yuan will be divided into three installments, accounting for 2.5% of the total amount of three installments: 25 yuan, that is, the repayment for each installment is 125/3=341.6, and the repayment will last for three months; The annual interest rate is 1%. Do you only owe 666.66 yuan in the second month?

if you continue to pay 8.33 monthly interest, it will be 8.3312 months, divided by 666.66, and the annual interest rate will be as high as 14.99%. In the third month, you only owe 333.33 yuan, and the monthly interest will be 8.33, and the annual interest will be 99.6. You calculate the annual interest rate again. Up to 29.98%. It's not deep in here. You can figure it out by yourself.