The daily interest rate is 0.05%, and the loan is 9000 average capital, which will be repaid within 12 months. The total repayment amount is 9889.89. How do you calculate it?

If the daily interest rate is 0.05%, the annual interest rate is =0.05%*360= 18%, and the repayment methods are equal. The monthly principal is 750 yuan, with a total monthly interest of 877.50 yuan and a total repayment of 9877.50 yuan.

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If you need funds, Ping An Bank also provides unsecured credit loans, as well as housing and automobile mortgage. Different loan application conditions and requirements are different. The success of the examination and approval is evaluated according to your comprehensive qualifications.

You can also learn more information and try to apply through our official channels or log on to Ping An Pocket Bank APP- Finance-Loan.

Response time: 2021-12-10. Please refer to the latest business changes announced by Ping An Bank in official website.

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