The latest benchmark interest rate for bank loans is: within one year, the interest rate is 4.35%; 4.75% for one to five years; The loan interest rate for more than five years is 4.9%. The annual interest rate of bank loans is low, but the threshold is high, so many people will borrow on the online lending platform now, but this lending platform usually gives the daily interest rate or the monthly interest rate, so how to calculate the annualized interest rate of loans?
Annual interest rate calculation formula: monthly interest rate × 12 months = daily interest rate ×360 days (360 days per year) = annual interest rate. Calculated by the daily interest rate of 0.05%, the annualized interest rate =0.05%×360 days = 18%. Loan 10000 yuan, annual interest rate 18%× 10000 yuan = 1800 yuan.
It is worth noting that the annual interest rate offered by most lending platforms is between 14%- 18%. If the annualized interest rate calculated on a certain online lending platform is not within this range, or even exceeds the national statutory 24% or 36%, then you need to pay attention. It belongs to usury, and the interest to be repaid in the end is very high, so even if you are short of money, you can't borrow it on this online loan platform.
If there is a demand for capital turnover, we recommend you to use Qianhua, a credit service brand under Du Xiaoman Finance (formerly known as Baidu Qianhua, renamed as "Qianhua" in June 2065438+08). Big brands are reliable, with low interest rates and trustworthy. The money is spent-full of easy loans, the maximum loan amount is 200 thousand, and the daily interest rate is as low as 0.02%
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It has the characteristics of simple application, low interest rate, fast loan, flexible loan repayment, transparent interest and expenses, and strong security.
Share with you the application conditions for rich flowers: the application conditions for rich flowers are mainly divided into two parts: age requirements and information requirements. 1. Age requirement: 18-55 years old. Special note: if you have money to spend, you refuse to provide college students with consumer installment loans. If you are a college student, please give up the application. Information requirements: You need to provide your second-generation ID card and your debit card during the application process. Note: the application only supports debit cards, and the application card is also your loan bank card. My identity information needs to be the second-generation ID card information, and cannot be processed with temporary id card, expired ID cards or first-generation ID cards. Online lending is risky, so choose carefully!