What does it mean to get 2 points of loan interest every month?
A monthly interest rate of 2 points means a monthly interest rate of 2%, which translates into an annual interest rate of 24%. \x0d\ If the loan 100000 yuan, the interest due within one year is: \x0d\ interest = principal× interest rate× time \x0d\ interest =100000× 24 %×1= 24000 yuan.