Taobao loans are divided into Taobao order loans and Taobao credit loans. The application conditions and methods are slightly different, and the expected annualized interest rate is also different. So what is the interest rate of Taobao's order loan? Let's first understand the calculation method of the expected annualized interest rate of Taobao credit loan! Calculation method of expected annualized interest rate of Taobao order loan The expected annualized interest rate of order loan is 0.05%/ day (five ten thousandths/day), that is, every ten thousand yuan borrowed needs to be returned to 5 yuan, and its interest is calculated on a daily basis and paid off within 30 days. In loans overdue, the daily penalty interest rate is about 0.025%/ day (2.5‰/ day), which means that 1 10,000 overdue loans have a penalty interest of 2.5 cents per day without compound interest. At the same time, it should be noted that the minimum interest for each order loan is 1 cent. Interest is calculated on the day of loan, not on the day of repayment. The minimum interest for each order is 65,438+0 cents. If you apply for 1 0,000 yuan, the interest you have to pay every day is probably 0.5 yuan. If this 1000 yuan is overdue (including the overdue principal and interest), you will need to pay a penalty of 0.25 yuan for the overdue of 1 day. Calculation method of interest: interest = the number of days that the loan amount is actually used; The expected annualized interest rate on the current loan date; Penalty interest = loans overdue days; Default interest rate on the current loan date; Taobao credit loan interest; Taobao credit loan is based on the credit rating of Taobao shopkeepers; The owner does not need to provide any mortgage (pledge) or guarantee; Credit loan funds are provided by Zhejiang Alibaba Co., Ltd., mainly for pure credit loan products of small and micro enterprises, without any mortgage or guarantee. The loan interest is calculated according to the actual amount used and the number of days. The interest is calculated on the loan date, not on the repayment date. The loan term is 6 months, and the daily interest is 0.053%; The application period is 12 months, and the interest is 0.05% per day. There is an essential difference between them and Taobao loan order loan, which requires Taobao store to operate for 2 months. The loan amount is related to the "physical transaction order amount that the seller has delivered but the buyer has not confirmed". The expected annualized interest rate of the order loan is 0.05%/ day. The credit loan requires the Taobao store to operate for 6 months, and the loan amount is not affected by the order of the day, mainly depending on the overall operation. The expected annualized interest rate of credit loans is 0.06%/ day. Compared with the expected annualized interest rate of bank loans, the expected annualized interest rate of Taobao loans is 18%. It can be said that it is three times the bank interest, which is the same in some ways. Why did you choose Taobao loan instead of bank loan? I think everyone knows that. Although the expected annualized interest rate of bank loans is low, the loan conditions are very harsh and the procedures are very troublesome. What about Taobao loan? Online application is very convenient, and funds can be received. Taobao loan is actually mortgaged (to be precise, it should be pledged), and the pledge of orders is similar to the pledge of accounts receivable in bank loans. The risk of Taobao loan is much higher than that of bank loan, so the expected annualized rate of return of required risk is much higher than that of bank, and the pure expected annualized interest rate of both is the same, so it is normal for Taobao loan to expect annualized interest rate much higher than that of bank. Specific analysis can refer to this article: Why is the expected annualized interest rate of Taobao loan so high? The expected annualized interest rate of Taobao loan is compared with that of credit card loan and bank loan. Let's compare the expected annualized interest rate of Taobao loan with the expected annualized interest rate of credit card. The expected annualized interest rate of credit card is also 18%, which is the same as the expected annualized interest rate of Taobao loan. Credit card withdrawal is a real credit loan, and there is no mortgage pledge. Taobao loan is an order pledge, not a real credit loan, but also a semi-credit loan. Why do you say that? Because general order pledge can only lend 50% of the amount, while Taobao loan gives 100%, so the amount exceeding 50% of general order can be counted as credit loan. In any case, since there is an order as a pledge, it is less risky than a simple credit card withdrawal. From this point of view, the expected annualized interest rate of Taobao loan should be lower than that of credit card loan, that is, it is reasonable to be lower than 18%. However, it makes sense that the expected annualized interest rate of Taobao loan is not lower than that of credit card. Why do you say that? Because credit card withdrawal generally requires a handling fee of 1%. Suppose two schemes, a and b, a: Taobao loan is expected to have an annualized interest rate of 0.05%, but there is no handling fee; B The expected annualized interest rate of Taobao loan is four ten thousandths per day, but there is a handling fee of 1% for each loan. Then when you borrow 10 days, the total financing cost of Scheme A is: 0.05%10 = 0.5%; The total financing cost of Scheme B is1%0.04%10 =1.4%, which is 2.8 times that of Scheme A. When the loan term is less than 100, the total financing cost of Scheme A is less than that of Scheme B.: When the loan term reaches 100 days, the total financing cost of Scheme A and Scheme B is equal. After the loan term exceeds 100 days, the total financing cost of Scheme B is less than that of Scheme A ... Because Taobao sellers need mostly short-term working capital, although Plan A has high interest, it is obviously more affordable for sellers. If Taobao lends long-term loan services other than order pledge in the future, it may be more affordable for the seller to choose plan B, and the credit card withdrawal amount is generally small. Although the total amount of a credit card is tens of thousands, the cash withdrawal amount is thousands. What is used here is the withdrawal limit, because Taobao loan is paid in cash, not in the form of consumption limit. The amount of Taobao loan may be tens of thousands or even hundreds of thousands (I don't know if there is a maximum amount of Taobao loan). From this perspective, Taobao loan is more risky. If you say that your order on the way is only a few hundred dollars, and you can only borrow a few hundred dollars, it is better to withdraw cash by credit card, then you can only blame your current ability for not making full use of Taobao's quota. A rule can only be made for most target groups, and it is impossible for everyone to be just right.

Second, how to calculate the interest of Taobao loan?

1. Pay off the bill before 10 every month without generating interest.

2. If it is not paid off after the date of 10, but it is paid off within three days of 1 1, 12 and 13, it is still interest-free.

3. If the unpaid bill exceeds No .. 14, calculated as five ten thousandths of unpaid fees every day, and the first three days (1 1, 12, 13) are also counted.

3. How to calculate the installment interest of Taobao?

Assume that 1 0,000 yuan will be repaid in installments, accounting for 2.5% of the total amount of the three installments: 25 yuan, that is, each installment will be repaid 1.025/3 = 34 1.6, and it will be repaid continuously for three months; The annual interest rate is 10%. Do you only owe 666.66 yuan in the second month?

If you continue to pay the monthly interest of 8.33, the interest will be 8.33 12 months, divided by 666.66, and the interest rate will be as high as 14.99%. In the third month, you only owe 333.33 yuan, with a monthly interest of 8.33 and an annual interest of 99.6. You calculate the annual interest rate again. Up to 29.98%. It's not deep here You can figure it out yourself.