I borrowed 6.5438+0.5 million from my friend for three months, and now I have to pay back the money and give my friend interest. Excuse me, if I pay him back at the interest rate of the small loan, how much should I pay back?
For unsecured microfinance, the monthly interest rate of financial institutions is slightly different due to different thresholds, ranging from 1.5% of some foreign banks to 2.5% of some institutions. But it is basically between 2. 1-2.5%. See which interest rate you choose.
Calculated by 2%, the monthly interest rate is 3000 yuan.
For 3 months, the total interest is 9000 yuan. The total principal and interest should be 159000 yuan.