In the past, people turned pale when they talked about bank loans. First, because in the traditional concept, deposits are better than loans. Second, because the loan threshold is high and the conditions are harsh, a lot of guarantees are needed. But now with the rise of microfinance, there are many personal loan products with low threshold, distinctive features and no guarantee, including Bank of Communications e-loan 2.0. So many people will ask, although the loan is much simpler now, is the interest high? Let me introduce this problem below.

Because not everyone can apply for Bank of Communications E-loan 2.0, only certain application conditions are met. Only when the prescribed conditions are met can it be meaningful to talk about the issue of high interest rates. The application conditions for e-loan 2.0 are as follows.

1. Quality individual customers of Bank of Communications: individual customers of Bank of Communications who meet certain conditions, including stock mortgage customers, payroll customers, private banking customers, ward customers, bank of communications wealth management customers, etc.

2. Employees of key units of Bank of Communications: The key units of Bank of Communications tailor the employee loan scheme, and the key units are enterprises, institutions and government agencies that closely cooperate with Bank of Communications.

The credit line is 1- 1 ten thousand, the loan term is 3-36 months, and the monthly interest rate is 0.4667%. If the loan of 50,000 yuan is paid off in 12 months, that is, one year, the monthly payment is 4,400 yuan, resulting in a total interest of 2,800 yuan.