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How to calculate the interest on credit card loans? How much is it for 24 months?
Equal principal and interest method:

Loan principal: 20,000 yuan, assuming annual interest rate: 20.000%, loan life: 2 years, monthly repayment amount of principal and interest:1kloc-0/7.92 yuan, total debt service: 24,430.08 yuan, and total interest payable: 4,430.08 yuan. The interest paid in 1 month is: 333.33; The first 1 month principal repayment is: 684.59; Since then, the monthly interest repayment amount has decreased and the principal has increased.

Overview:

Card loan is a mobile internet loan service platform, which aims to provide users with safe, fast and efficient credit card balance repayment service. From application, credit granting to lending, online self-help can solve credit card troubles in two steps. The amount is as high as 50,000 yuan, and the loan can be released as soon as the same day.

Introduction:

"Card Loan" is a mobile Internet loan service platform under WeChat Jinke Group, which realizes fully automated audit and loan process through a fully intelligent decision-making system. Users can submit application information online, obtain and verify personal data through self-service authorization, and conduct credit approval through credit card loan WeChat service number or credit card loan APP.