I bought a Magotan, paid a down payment of 30% in FAW Finance, and got a car loan for 5 years, with a monthly interest rate of 10.39. Is this normal? Is there a similar situation with wood? Is the monthly interest rate so high? This is too high for you. This is 12.47% at the annual interest rate, which is not normal! ! ! !

At present, the benchmark interest rate of banks is 6.56%. Due to the tightening of the financial line this year, every bank will increase the intermediary business income and expenses by a certain percentage on the basic interest rate, which is generally between 15-60%, but yours has gone up by 90%, that is, it has gone up by 90% on the basis of 6.56%. This ratio is too high and unreasonable, but it is legal, depending on whether you recognize it or not.