For example, the monthly interest rate of a loan platform is 1.5%, and the annualized interest rate is1.5 *12 *100% =18%.
At present, the annualized interest rate of loans in the market is generally much lower than the actual annual interest rate. One is because of the repayment method, and the other is because loans are often accompanied by various hidden costs such as handling fees and service fees.
What is the lowest loan interest rate? Good reputation, easy to pass customs, easy to borrow money, and in urgent need of capital turnover. How to choose a regular online loan? When choosing loan software, borrowers usually pay attention to low loan interest rate, complete qualifications, large loan amount and good platform reputation. If possible, everyone wants to apply for a bank loan.
1, bank loans: Common bank loans include: ICBC e-loan, China Merchants Bank e-loan, lightning loan, CITIC New Fast Money, Pudong Universal Fund, etc.
2. Personal network microfinance/consumer finance: First, see if there is a loan qualification, that is, whether there is a financial license issued by the central bank; One is to see if the loan interest rate is reasonable. Generally speaking, a reliable microfinance company will specify the loan cost, and the annualized rate will be less than 36%, that is, the annualized interest rate will not exceed 4 times of the LPR in the same period. The stronger the shareholders behind the microfinance company, the higher the reliability. If the shareholders of a microfinance company are central enterprises, large state-owned enterprises and enterprises with high social visibility, then this microfinance company is still relatively reliable.
Top ten loan platforms, top ten conscience loan platforms recognized by the state!
1, Baidu Consumer Finance:
Baidu Consumer Finance not only holds a network small loan license, but also indirectly obtains a consumer finance license by taking a 30% stake in Harbin Consumer Finance. Its strength cannot be underestimated.
The representative product is a pure credit loan with money to spend, which is lent in cooperation with seven major banks. The maximum amount is 200,000, and the daily interest rate is as low as 0.02%. Without mortgage guarantee, you can apply by providing your second-generation ID card and my debit card. The approval is fast and the loan is fast. Borrowers with good credit can try.
Xiaoman-Rich Flowers (the second batch) Click online measurement.
2.360 Finance:
360' s financial strength is also good. Holding six financial licenses such as insurance brokerage, online small loan, gold exchange, financing guarantee, consumer finance and fund consignment license through acquisition or shareholding in subsidiaries.
On behalf of the product, there are 360 IOUs, which are pure credit consumption loans and unsecured guarantees. Credit application, Chinese mainland residents aged 18-55, can get a loan by providing ID card+mobile phone number password authorization+savings card binding, with a maximum amount of 200,000 yuan and a daily interest rate of 0.027%, which is suitable for office workers' capital turnover.
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3. Ping An Consumer Finance:
In April, 2020, China Banking Regulatory Commission approved the consumer finance license, and officially opened on April 23rd, with a registered capital of RMB 5 billion, with Ping An Group holding 30% of the shares and three affiliated companies in lufax holding 70%.
On behalf of products, Ping An Bank's new loan (quick loan) can be up to 500,000 yuan! 0 mortgage 0 guarantee: no guarantee is needed, only personal credit is needed, and the application threshold is low: you can apply for a monthly income of more than 4,000 yuan (provident fund, mortgage, and insurance policy are all available).
Ping An Xin Yi Dai Click Online Measurement