The interest of Ping An Easy Loan is divided into two parts, one part is the credit guarantee insurance premium charged by Ping An Property & Casualty Company, and the other part is the bank interest charged by the lending bank. The calculation method of interest is as follows:

The total cost of one-year Ping An Easy Loan = credit guarantee insurance premium+bank interest. Ping An Bank's loan has an annual interest rate of about 27%, which is equivalent to a monthly interest rate of about 2.3%.

For example, a loan of 20,000 yuan will be repaid in 24 installments. According to the interest rate of Ping An Easy Loan of 2.3% per month, the monthly principal payable is about 833 yuan, and the monthly interest and insurance payable is 460 yuan, so the total monthly repayment is about 1293 yuan.