! The annual loan interest rate of 8.8%, that is, one year in 800 yuan/kloc-0.0 million yuan, is not high, or even very low. The comparison is as follows:

1. The loan interest rate of business loans from banks to enterprises and individuals is generally 30% higher than the benchmark interest rate, that is, 4.35% × 1.3 = 5.655%, but bank loans are not easy to obtain.

2. The cash withdrawal rate of bank credit cards is 0.5 ‰, which is 1 10,000 yuan a day in 5 yuan and 365× 5 = 1825 yuan a year, that is, the annual interest rate is 18.25%, and it is also included in compound interest, which is actually more than this figure.

3. The loan interest rate of bank credit loans (such as the universal fund of Shanghai Pudong Development Bank) is about 10%, but the principal of credit loans should be repaid in installments (for example, the loan term is 120,000, and the loan term is 1 year, and it should be repaid in installments of12, and the principal should be repaid in installments/kloc-

4. The loan interest rate of online lending (P2P) varies from 12% to 20%, but online lending, like bank credit lending, repays the principal and interest of all loans in each period, and the actual lending rate is above 20% or even 30%.

5. Alipay loan: According to personal credit score and credit situation, the daily interest rate of loan is between 1.5-6/ 10,000, of which 3/ 10,000 -5/ 10,000 is the highest (i.e. 10.95%- 18.25%).