How much interest does it cost to spend less than 1 ten thousand 12?
The lowest 720 yuan. According to the official response, the daily interest rate starts from 0.02%, the annualized interest rate starts from 7.2%, and the minimum loan amount is 1 1,000 yuan, starting from 2 yuan every day and starting from 720 yuan every year. Due to the different comprehensive qualifications of individuals, the loan interest rate will fluctuate. Generally speaking, the higher the individual's comprehensive qualification, the lower the loan interest rate.
If users want to inquire about their loan interest rate, they can click "Repayment Plan" on the application page before formally applying for a loan, so as to know the total loan interest, monthly principal and interest, and the fee interest is transparent.
Calculation formula of full interest:
The interest of small full financial loans is charged according to the actual use days after borrowing, and the repayment interest = unpaid principal * daily interest rate * actual use days of funds. Among them, if the daily rate of return of the small full loan is 0.02%, the annual interest of the loan of 1 0,000 yuan is 1 0,000 * 0.02% * 360 = 720 yuan.
Other knowledge points:
1 degree The maximum amount of Xiao Man loan is 200,000 yuan, and the repayment period can be selected in March, June and 65438+February, which supports the repayment on the same day and the repayment on the next day. Interest is calculated on a daily basis, and interest will stop when repayment is made.
2-degree Xiaoman Finance is a revolving loan product, and every loan application needs to be reviewed. Once the user's credit history changes, the loan may be rejected.
When applying for a 3-degree small full financial loan, the previous loan needs to be settled before the loan amount can be restored. After borrowing the exclusive loan, you need to pay off all the loans before you can borrow the next loan. When the loan amount is less than 500, it cannot be borrowed.