3% 5 interest refers to the monthly interest rate of 0.35%, which translates into an annual interest rate of 0.35%* 12=4.2%. The annual interest rate of the loan is only 4.2%, which is basically a low-interest loan. It requires less interest to apply for this kind of loan. Of course, usually only mortgage loans and secured loans can reach such a low interest rate, and the loan interest rate of credit loans is generally higher.

In addition, the lower the loan interest, the lower the cost for users to apply for loans. For users who need capital turnover, low-interest loans are inevitable.

Calculation of deposit period in interest calculation formula: 1. The calculation of deposit period adopts the method of head number instead of mantissa. 2. Regardless of the big month, small month, flat month and leap month, it is calculated as 30 days per month and 360 days throughout the year. 3. The maturity date of various deposits shall be calculated on a monthly basis. If the account opening date is the missing date of the expiration month, the expiration date is the last day of the expiration month. Interest rate conversion, in which the conversion relationship among annual interest rate, monthly interest rate and daily interest rate is: annual interest rate = monthly interest rate × 12 (month) = daily interest rate ×360 (day); Monthly interest rate = annual interest rate ÷ 12 (month) = daily interest rate ×30 (days); Daily interest rate = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days). In addition, the use of interest rates should be consistent with the deposit term;