According to data from official website,
The annual interest rate ranges from 10% to 24%.
, which varies from user to user.
First, the factors affecting the annual interest rate of everyone's loan
1. Revolving credit. Generally speaking, users who borrow money from Renren for the first time will have a higher annual interest rate. As long as the repayment is made on time and not overdue, the interest rate will be reduced when they borrow again in the future.
2. Personal qualifications. If the applicant has a car and a house in his name and his monthly income is high, which proves that he has the ability to repay, then the amount he can borrow will be higher and the annual interest rate will be lower.
3. Personal credit, because you need to check your personal credit when you borrow money from Renren. If the credit is bad and overdue, it is likely to be rejected. However, everyone's loan will also be considered in many aspects during the audit, and the annual interest rate will be appropriately raised to control risks.
2. If you borrow 1 10,000 yuan from Renren.com, what is the monthly interest?
The annual interest rate of Renren Loan is about 10%. In fact, strictly speaking, it is not very high in credit loans. However, there are other expenses for everyone's loan, such as service fee, management fee, overdue penalty interest, prepayment penalty, etc., which should be considered comprehensively when borrowing.
Xiao Wang borrowed 10000 yuan from everyone and paid it back one year later. If the annual interest rate is 12%, then the monthly interest rate is 1% and the monthly interest is 100 yuan.