How much is the interest on online loans?
Under normal circumstances, the annual interest rate of the formal online lending platform will not exceed 24%, and the minimum will not be lower than the LPR interest rate. If it is a relatively low-interest online lending platform, the annual interest rate will generally not exceed 24%-36% if there is an online lending platform, but it can be repaid, and some of it will not be repaid. If the annual interest rate exceeds 36%De, there is actually no need to return the excess interest.
Suppose the borrower applies for a loan of 654.38 million yuan, and the total interest of the loan for one year is between 3850 and 24000 yuan according to the minimum and maximum annual interest rates.
However, the above is only a theoretical calculation method. In order to avoid risks, some online lending platforms often convert interest into other expenses, such as service fees and membership fees. For example, the monthly interest rate of an online lending platform is about to pay management fees and service fees every month.
Suppose the borrower borrows 10000 yuan, and the total interest for one year is10000××××12 = 2100 yuan, plus the service fee 1800 yuan and the service fee 480 yuan, and finally repay the principal and interest148000 yuan.
In this way, the interest of this extra charging platform will be much higher than that of ordinary online lending platforms. Therefore, I also suggest that when applying for a loan, you must see clearly whether there are any extra charges, and compare interest rates as much as possible, and don't blindly lend.
The above is the sharing of "how much is the interest on online loans", and I hope it will help everyone!