Personal advice:

If there is a loan demand, you can choose to apply for online business loans or formal banks. Generally speaking, the interest rate of formal bank loans will be lower. If you choose a credit loan, the annual interest rate will be around 8%. If you choose a mortgage loan, the annual interest rate is around 4%. Be sure to apply for a loan according to your own needs. If you want to apply for an online merchant loan, you must ensure that you can repay it on time. If the loan is not repaid as agreed or the purpose of the loan is beyond the scope of the contract, the online merchant bank will also evaluate the user's comprehensive information. Of course, so will regular banks. You must ensure that your personal credit information has no impact on your life, so as to ensure the normal handling of loan business.

Extended data:

I. IOU: 1. When applying for a loan, the borrower makes a correct judgment on his repayment ability. Design a repayment plan according to your income level, leaving room appropriately, without affecting your normal life.

2. Choose the appropriate repayment method. There are two repayment methods: equal repayment method and equal principal repayment method. Once the repayment method is agreed in the contract, it shall not be changed during the whole loan period.

3. Repay on time every month to avoid penalty interest. From the month after the loan is initiated, it is generally the repayment date of the next month. Don't cause liquidated damages because of your negligence, so that banks can't apply for loans again.

4. Take good care of your contracts and IOUs, read the terms of the contracts carefully, and know your rights and obligations.

2. The interest rate can be adjusted at any time according to the change of market interest rate. Common basic interest rate plus calculation. Usually, the loan interest rate or commercial paper interest rate of the most reputable enterprises in the market is set as the basic interest rate, and on this basis, 0.5 to 2 percentage points are added as the floating interest rate. Repay the principal at face value at maturity, and pay interest at floating rate according to the specified interest payment period.