Not only WeChat, but also QQ has launched a micro-loan function. However, only designated users can use micro-loans to handle loan business, and they can apply for loans with a quota of 200,000-200,000 yuan only by binding bank cards. But similar to credit cards, once the expected penalty interest is still serious, today we will talk about the calculation method of overdue interest on QQ micro-loans.

How to calculate the overdue interest of QQ micro-loan

1. Download the latest version of Deep Space Game WeChat first, and charge a penalty of 50% of the overdue principal amount every day from the overdue date until it is paid off. Default interest for overdue = overdue principal * daily interest rate *50%* overdue days. "Micro-loan" bears interest on a daily basis, with a daily interest rate of 0.05%, which is lower than cash withdrawal by credit card. Convert the annual interest rate to 7.2%~ 18%. Take a loan of 50,000 yuan as an example, and the daily interest can reach 25 yuan.

2. Let's briefly talk about how QQ entered the micro-loan, of course, through QQ wallet, as shown in the following figure:

3. How much is the overdue repayment of micro-loans for one day?

If you borrow 1000 yuan, your overdue penalty interest =1000 * 0.05% * 50% *1= 0.25 yuan. Although it looks small, it will cost a lot of money after a long time! And this is just a penalty interest. If it is repaid, you should also repay your loan amount+interest.