Suning Financial launched willful loans. The discretionary loan amount is divided into consumption amount and withdrawal amount. The consumption limit can only be used for consumption, and the withdrawal limit can be withdrawn. Up to 500,000 yuan, and the longest loan period 10 year.

Interest calculation of Suning's willful loan;

1, equal monthly payment: select 3 installments at the rate of 1.33%, select 6 installments at the rate of 1. 18%, select 9 installments at the rate of 1. 14%, and select/. The 36th installment rate is 1. 14%, the 48th installment rate is 1. 17%, and the 60th installment rate is 1.2 1%.

2. The willful loan charges interest on a daily basis, with a daily interest rate of 0.068%.

3. Pay first, then pay: choose three, six, nine and 12 installments, and the rate of each installment is 1.98%.

If you borrow 1 0,000 yuan, you can repay it in six installments, with the same amount every month: interest = 1. 18% * 6 = 70.8 yuan;

Loan and repayment: interest =1000 * 0.068% *180 =122.4 yuan;

Cost before expenses: interest =1000 *1.98% * 6 =118.8 yuan.

Judging from the loan of 1 1,000 yuan, the most cost-effective is the equal monthly loan, but this does not mean the whole loan. To know which one is more cost-effective, it depends on your loan amount and the number of installments.