1. annualized interest rate calculation: multiply the monthly interest rate by 12 to get the annualized interest rate.

2. Interest calculation: multiply the loan amount by the annualized interest rate to get the interest for one year.

3. Calculation period: The validity period of the loan is determined according to the repayment period agreed in the loan contract.

4. Calculation of total interest: Divide the interest of one year by the loan validity period to get the interest of each cycle.

5. Repayment on schedule: according to the repayment method agreed in the loan contract, repayment shall be made separately according to the interest and principal of each cycle.

Summary:

-202 1 The highest interest rate of online loans is 36%.

-The annualized interest rate is calculated by multiplying the monthly interest rate by 12.

-Interest calculation needs to multiply the loan amount by the annualized interest rate.

-The validity period of the loan determines the calculation period of the total interest.

-The repayment method is as agreed in the contract, and the principal and interest are repaid on schedule.

Extended data:

-The interest rate standard for online loans is formulated by the relevant regulatory authorities in China, aiming at protecting the rights and interests of borrowers and maintaining the stability of the financial market.

-When choosing an online loan, the borrower should read the contract carefully and understand the relevant terms such as interest rate, repayment method and fees.

-Plan your repayment ability reasonably to avoid the risk of overdue or non-repayment of debts.