In addition, the interest on online business loans is relatively low.
The longest repayment period is 12 months, and the expected annualized interest rate on the loan date is 0.0 18%. When borrowing, I have to say that the loan interest is really low, which is very low in the current financial products, which is lower than all the loan products of Alipay. The expected annualized interest rate of the loan borrowed by Ant is at least 0.03%.
For example:
The total annual interest of Alipay online merchant loan 1 0,000 yuan is 348 1.5 yuan, which is really cost-effective!
Calculation formula of online merchant loan interest rate:
Monthly repayment amount = loan principal ÷ loan term;
Monthly interest = loan principal * monthly expected annualized interest rate of the loan;
Monthly expected annualized interest rate = daily expected annualized interest rate ×30.
Extended data:
Credit card rates mainly include the following aspects:
1, ATM withdrawal rate: 1%-3% for cash withdrawal.
2. Interest rate on the day of cash withdrawal: all banks charge according to uniform standards. From the date of cash withdrawal, the interest on cash withdrawal shall be charged at 0.05% per day.
3. Overdue rate: overdue interest is charged for overdue credit cards, and the overdue rate is 0.05%/ day, which is charged according to the consumption amount.
4. installment interest rate: the installment interest rate of each bank is different. Take ICBC as an example. The installment rate is 65,438+0.65% for the third phase, 3.6% for the sixth phase, 5.4% for the ninth phase, 7.2% for the 65,438+08 phase and 65,438+0.7% for the eighth phase.