The full name of Paipai Loan Company is "Shanghai Paipai Loan Financial Information Service Co., Ltd.", which was established in June 2007 and headquartered in Shanghai. It is a network information lending platform. The first loan amount of the auction loan is 1000~ 10000 yuan, and the maximum amount of accumulated credit can reach 500,000 yuan after timely repayment. The loan interest rate of the auction loan is as follows: loan term: 3 months, with a monthly interest rate of 0.83%; Loan term: 6 months, with a monthly interest rate of 0.83%; Loan term: 65,438+02 months, with a monthly interest rate of 0.83%. This is only the loan interest rate, and the corresponding service fee will be charged for the loan.

Second, hello, how much is the interest on the loan? Is it a little expensive?

The interest of these loans is a little higher than that of banks.

Third, what is the loan interest of the auction loan?

Annual interest rate =2.364 Calculation process: accrued interest = principal × interest rate× time, one-year accrued interest = principal annual interest rate 1 (year), substitution value: 1 9712 =1000 annual interest rate1,annual interest rate.

For example, if you ask for an interest rate of N years, accrued interest = annual interest rate N and time =n (year); If an interest rate of n months is required, accrued interest = monthly interest n and time =n (months).