The annualized interest rate converted from 8.5% interest is about 18.36%. According to the information provided by you, the loan amount is 10000 yuan, the term is 1 year, the repayment method is calculated according to the equal principal and interest, and the total interest for one year is 1022. 17 yuan.

Response time: May 25th, 2020. Please refer to the latest business changes announced by Ping An Bank in official website.