Second, the specific analysis of how to calculate the interest of 2 points:
1. In the case of simple interest, the annual interest is100000 * 2% *12 = 24000 yuan. At present, small loan companies and banks mainly calculate interest in this way;
2. But if it is compound interest, the total principal and interest after one year is100000 * (1+2%)12 =126824.2 yuan, and the interest is 26824.2 yuan.
Three. Matters needing attention in loan:
1. Pay attention to the interest rate of the platform. The current private lending platform often confuses borrowers with monthly interest, daily interest and partial interest. It seems that there is not much interest in one day. However, it is even several times that of ordinary bank loans in a year. Therefore, when users borrow money, they can first convert the current interest rate of the platform into annual interest rate anyway, so that they can see the interest generated by the borrowing platform more intuitively.
2. Avoid falling into the usury trap. According to China's relevant laws and regulations, loans with an annual interest rate of over 36% belong to the category of usury. Therefore, when users convert the relevant interest rate into annual interest rate, see if it exceeds the critical point of 36%. If you exceed it, you need to stay away from this platform.
3. Calculation method of interest. Some informal platforms often use "compound interest", which is what we often call "rolling interest". The interest generated by this is very amazing. I hope users can pay attention to this.