The interest of this product is high, starting from the annualized interest rate of 10.8%, and the final interest is generally between 12%- 16%, and the repayment method is equal to the principal and interest, so the repayment pressure is great.

This product repays the principal in equal amount every month, but the monthly interest is really repaid according to the initial loan amount, so it is not really equal principal and interest, which is easy to be confused.

"New One Loan" is a large credit loan under Ping An Bank, with the amount ranging from 65,438+0,000 to 500,000. Products include monthly loan, policy loan, provident fund loan and social security loan, and the comprehensive annualized interest rate is between 1.3%-20%.

In short, this loan product has two pits. One pit is that the loan principal is decreasing, but the base for calculating interest has remained unchanged, resulting in higher interest in the future; The second pit is that you have to pay in advance. Sorry, I have to charge you 5% management fee.