What is the loan interest rate of Weizhong Bank?
At the early stage of the test, the loan interest rate of micro-loan was lower than that of ordinary credit card loans, but now the test port is relatively stable, so its loan interest rate is consistent with that of ordinary credit card repayment. Now it is calculated according to the daily interest rate of micro-loan, that is, the daily interest rate of micro-loan is converted into monthly interest rate, the monthly interest rate of micro-loan = daily interest rate *30= converted annual interest rate, and the annual interest rate of micro-loan = daily interest rate * 360.
The annual interest rate 18% is more than twice the benchmark interest rate of one-year loans and close to the red line of four times the benchmark interest rate set by the Supreme Court. However, in the future, with the further liberalization of the user range, micro-loans will be priced differently. Customers with good credit can enjoy the daily interest of two ten thousandths to three ten thousandths, which is equivalent to annualization, so customers with good credit can still enjoy many benefits. Everyone must pay attention to maintenance at ordinary times.
It is worth noting that sometimes small loans will send seven-day interest-free coupons, that is, there is no interest for seven days before the loan. If your loan is large, you can still save a lot of money.
So much for the interest rate of Weizhong Bank loan. The loan interest rate of Weizhong Bank is not outrageous among peer products, and it will be adjusted in the future, which is still worth your choice.