According to the loan interest rate standard of installment music, the interest of 1 ten thousand yuan loan for one year is calculated as follows:

First of all, according to personal credit status, different customers can enjoy different interest rates according to their credit rating. Please note that in order to better plan your personal finance, it is recommended that you check your credit status before lending, for example, through "Zhiyi Big Data" to understand your credit rating. In this way, you can make full preparations for your financial planning.

Assuming that your credit rating is very good, you don't need to provide specific personal credit status, and it is calculated according to the benchmark interest rate of installment music. According to the official data of installment music, the loan interest rate that users with good credit rating can enjoy is roughly between 6%- 18%.

Then take the annual interest rate 12% as an example to calculate the interest for one year:

Interest = loan amount × annual interest rate

Interest =10000× 0.12 =1200 yuan.

Then, suppose your credit rating is good, the loan amount is 10000 yuan, and the annual interest is roughly 1200 yuan.