The loan interest of Renren Loan is between 7% and 24%. The maximum annual interest rate of everyone's loan is set at 4 times the annual interest rate of bank loans. With the adjustment of bank loan interest rate, everyone's loan interest rate ceiling will be adjusted accordingly. The borrower can determine the loan amount according to the borrower's credit, interest rate and loan term, and the borrower can collect interest and principal after the loan expires. The annual interest of Renren Loan is above 13%.

According to the official data of Renren Loan, the annual interest rate of Renren Loan ranges from 10% to 24%, which varies according to different users.

The monthly interest rate of everyone's loan is 0.78%, and a certain management fee will be charged. If you get a loan of 20,000 yuan from Renren with a term of 12 months, then the monthly interest is 156 yuan, and the total interest for 12 months is 1872 yuan.