Not high.

The interest on a good-term loan is calculated on a daily basis. The interest is calculated on how many days the funds are actually used after the loan is borrowed. If the loan is repaid in advance, the maximum penalty for early repayment shall not exceed 1% of the unpaid principal. %. According to the annual interest rate range of China Merchants Union Hao Long-term Loan, it is 7.3%-23.725%. This interest rate is not high among consumer finance companies and is considered a normal level.