Not too high. If the lender borrows 10000 yuan, it only needs to pay back 720 yuan in one year, and the interest in 720 yuan is equivalent to the daily repayment amount less than that in 2 yuan. Compared with the annual interest rate of loans in the market, the average annual interest rate of online loans is about 18.25%. The benchmark interest rate of central bank loans: 1 year, with an annual interest rate of 4.35%; 1 to 5-year internal loan with annual interest rate of 4.75%; For loans of more than 5 years, the annual interest rate is 4.9%.

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1. The loan software on the market is calculated at the daily interest rate, and the loan interest rate of the loan software is between 0.0 1%-0.06%. Converting the loan annual interest rate of 7.2% into the daily interest rate of 0.0 19% is still relatively low. In China, those whose annual interest rate exceeds 36% belong to usury, and the annual interest rate of 7.2% is relatively low. The types of loans in the market include provident fund loans, bank loans, and online micro-loans. The annual interest rate of provident fund loans is the lowest, and the annual interest rate of other loans is higher than that of provident fund loans. Although some software claims that the daily interest rate is 0.0 1%, it can't actually reach the daily interest rate of 0.0 1%, and it just takes the daily interest rate as a gimmick. The daily interest rate of general loan software is 0.05%, and the converted annual interest rate is 18.25%, which is 10.05% higher than the loan with an annual interest rate of 7.2%, and the interest naturally increases a lot.

2. Loan interest rate refers to the interest rate charged by banks and other financial institutions to borrowers when granting loans. It is mainly divided into three categories: the loan interest rate of the central bank to commercial banks; The loan interest rate of commercial banks to customers; Interbank Offered Rate The determinants of bank loan interest are:

① Bank cost. Any economic activity needs cost-benefit comparison. There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business.

② Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest.

(3) the supply and demand of borrowing money and funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa. In addition, the loan interest rate must also consider price changes, securities returns, political factors and so on. However, some scholars believe that the upper limit of interest rate should be the marginal rate of return of funds. The factor that restricts the interest rate is regarded as the comparison between the profit growth rate of enterprises after borrowing bank loans and the loan interest rate. As long as the former is not lower than the latter, it is possible for enterprises to borrow money from banks.