360 IOU seems to have been recommended by Xiaobai n years ago, but seeing such a high interest rate, I gave up the idea of using it as a leverage tool. 360 IOU is an online loan product of 360 Company. Although Xiao Bai downloaded it for a long time and paid little attention to it, it can be seen that negative news has been spreading. Now the supervision of such online lending platforms can be said to be unprecedented. 360 IOUs can survive, indicating that the strength is still very strong.

However, at present, more than 99% of the lending apps on the market have high interest rates. They play word games and use all kinds of words to dispel your interest. They think that the interest on the loan on their platform is lower than the interest on your bank deposit. For example, the so-called daily interest rate of 360 IOUs is 0.027%. After calculation, it is found that the interest on the loan 10000 is close to 1000! Here Xiao Bai wants to talk about a very interesting example, which is the installment interest rate borrowed by Alipay ants.

The average daily interest rate of ants is 0.04%. Suppose that the loan is 65,438+02,000 yuan, the repayment plan is 65,438+02 installments, each installment is 65,438+0080.23, and the last installment is 65,438+0080.28, and the total repayment amount is 65,438+0206.10086.10008888886

The most important point is that this 12962 yuan is not paid off after one year, but a long stream of water, and 1080 yuan is paid off every month for 12 months. Banks make money by borrowing, in fact, through the flow of funds. The faster the circulation, the faster they make money. In the bank's view, the 1 080 you paid in1month is more valuable than the 1080 you paid in1February.

For example, if you pay back 1 080 in1month, the platform can continue to lend or invest in this 1080 in the following1month, so as to obtain greater income. Through the XIRR function of Excel, the actual interest rate can be calculated to be about 15.6%, which is consistent with the interest rate conversion formula of installment repayment. This algorithm is very simple, and it was taught in the university.

365 days a year, annual interest 0.0004*365= 14.6%, repayment 12 installments. The formula for calculating the real interest rate is (1+14.6%/12)12-. It doesn't matter if you don't understand. In short, the real interest rate of 12 installment is about twice the "seemingly" 8% given to you.

In other words, ants can pay off the principal and interest in one lump sum after 12 months, and the actual interest will not be lower than 15.6%. This is just one of many loan traps. Others, such as deducting the service fee from the loan, hiding the fee in the agreement, and even defrauding the user's personal data, can be said to be impossible to prevent. Xiaobai feels that unless there is really no other way, don't touch the loan.

Recently, 360 IOUs had to apologize in their official Weibo because of an advertisement.

Why are you apologizing? Because being reported by netizens is too vulgar, and some aspects seem to be illegal. Xiaobai searched the video of this advertisement. A beautiful woman in uniform seems to be a stewardess, talking to an old man. The old man looked like a nouveau riche, holding a hanging pork in his hand, and said to the beautiful woman, I must try my best to make you live a good life. The beauty despises it and says that she only cares about the 360 loan quota for the elderly.

After the old man said that there was no 360 loan, the beauty suddenly resented and said that it was not suitable for being together. The old man said that I am worried that the interest on online loans is too high and will affect my life. The beauty retorted that if I borrow 360, I can be interest-free for up to 30 days. Even after the interest-free period, I only have 0.027% interest every day. The old man applied for an IOU, and the beautiful woman was ecstatic when she saw that the amount was 1.5 million, and was ready to go home with the old man and live a happy life.

It's a bit vulgar to say. A 65,438+500,000 IOU can win a beautiful woman's heart, but can't 500,000 be another lady in his court, a rare beauty of 3,000? But this kind of video is overwhelming, which is actually a template that can be used by more than N different products. However, it is not unfair that 360 IOUs are sprayed. Who told them that when promoting their products, they always think of others and don't mention the possible risks of online lending?

360 owe a debt. Anyway, Xiaobai has been uninstalled for a long time, and the new platform Xiaobai is not recommended. It's so chic.