0 1. What is the interest on borrowing money in Weibo?

According to the official loan from Weibo, the daily interest rate is as low as 0.04%, which translates into annual interest 14.4%. This means that the loan in Weibo is 654.38+0 million yuan, and the loan time is 654.38+0 years, so the minimum interest to be paid is 654.38+00000× 654.38+04.4% = 654.38+04.40 yuan. Compared with the interest on platforms such as 360 IOUs and installment music, the interest on borrowing money from Weibo is higher.

02. Can Weibo borrow money and pay it back?

Weibo can borrow money and pay it back. Weibo borrowed money to support the loan repayment, and chose to borrow the loan repayment. The loan interest is calculated according to the actual borrowing days. Although you must choose an optional loan term when you apply for a loan in Weibo, the loan term is very flexible because you support borrowing and returning. After applying for a loan, users no longer need to use the loan funds and can choose to pay it off immediately.

Weibo's borrowing money will not affect his personal credit. After paying off the loan, only the information of timely repayment will be recorded in the credit information. Users often borrow money to repay the loan, which may lead to the reduction or withdrawal of the loan amount. Often the system will think that the user's loan demand is not high, so the user's loan quota will be redistributed to users with greater loan demand.