With the help of mobile Internet technology and big data application technology, Dai Fei has realized the online operation of the whole process, and provided users with extremely convenient financial services around the product characteristics of "anytime, anywhere, borrowing and returning, one-time credit and lifetime use". Any lending platform needs to know its expected annualized interest rate. What is the expected annualized interest rate for flying loans?

What will be the cost of flying loans?

Management fee: this fee is a one-time fee and will be paid at the first repayment.

Comprehensive expenses: paid monthly together with the loan principal.

Liquidation fee: refers to the fund transfer fee charged to a third party due to the withdrawal or repayment (including partial repayment) initiated by the borrower. Fees are charged on a per-visit basis, with a charge of RMB per visit.

When will the expenses be calculated after the withdrawal of the flying loan?

Interest is calculated from the date when the loan is successfully issued. Pay off the loan in advance, without calculating the interest on the repayment date (if you borrow it today and pay it back the next day, only calculate the interest for one day).

Is there a penalty interest after the flight to loans overdue? What is the charging standard?

If a loan fails to repay on time, a penalty interest will be charged on a daily basis until the loan is repaid.