1. Interest shall be calculated on a daily basis, excluding interest. Therefore, the calculation of lightning loan interest of China Merchants Bank is related to the loan amount and term. If the daily interest rate is 0.042%, the calculation formula is: 0.042%* loan amount * loan term, and the corresponding monthly interest and annual interest are respectively:

Monthly interest =0.042%*30= 1.26%

Annual interest rate = 0.042 * 30 *12 =15.12%

2. For example, if you apply for a lightning loan of 654.38+10,000 yuan for 30 days, the lightning loan interest of China Merchants Bank will be 0.042% *100000 * 30 =1260 yuan.

3. Different types of lightning loans have different quota regulations. Generally, the maximum credit line does not exceed 300,000 yuan, and the minimum single cash withdrawal amount is 1 1,000 yuan, which is an integral multiple of 1 1,000 yuan.

4. The interest rate of the lightning loan is determined by the system according to your comprehensive credit status. The successful interest rate of the loan is the final interest rate (no handling fee), which can generally be seen in the application interface.

5. Application path: mobile banking → mine → all → my loan → my lightning loan.

Tips: The interest rate of lightning loan does not support adjustment.

Extended data:

1. If the lightning loan of China Merchants Bank pays interest in advance, click "My" at the bottom of the machine bank, and the drop-down page will find "My Loan" →→→→→→→→ Loan Record →→ Follow the prompts. Self-service repayment within 7*24 hours without penalty interest; The loan bears interest on a daily basis, and the interest is calculated day by day. Prompt: After partial prepayment, the remaining loan amount must be greater than 1000 yuan.

2. Public trust. Com: What are the interest rates of various consumer credit loans in the market now? According to the reporter of the Economic Information Daily, the loan prices of the general banking sector are relatively cheap. For example, the daily interest rate of "lightning loan" is about 0.035%, and the monthly interest rate is between 3.4% and 4.8% (depending on personal credit record, transaction situation and background qualification), which is equivalent to the annual interest rate of about 13%.

3. Internet companies are second. For example, "micro-loan" bears interest on a daily basis, with a daily interest rate of five ten thousandths, which is equivalent to the annual interest rate18.25%; Microfinance companies and P2P platform departments usually charge a certain service fee in addition to the loan interest, and the borrowing cost is relatively high, for example, the monthly interest rate of pleasant loans is 0.78%- 1.89% (including service fee).

China Merchants Bank official website-Lightning Loan, Baidu Encyclopedia-Lightning Loan, Zhongxin. Com- "lightning loan" may increase the loan cost.

Does China Merchants Bank's lightning loan repay all interest in advance?

The prepayment of China Merchants Bank's lightning loan is not to repay all the interest. According to the relevant information query, there is no penalty interest for the early repayment of lightning loan of China Merchants Bank, and there is no need to pay the subsequent interest for the early repayment, only the interest for the number of days of borrowing can be paid.

After the lightning loan of China Merchants Bank is repaid, will there be additional interest on the change of repayment date?

number

If the lightning loan of China Merchants Bank is repaid in advance, the daily interest rate is 0.042%. For example, the lightning loan of China Merchants Bank was borrowed with 2 yuan money for three months, but it was actually repaid in advance after only 1 month, so the interest on prepayment is 20000*0.042%*30=252 yuan.

In other words, if you take out a loan for one month, you actually only need to pay interest of 256 yuan, and you don't need to calculate interest for the remaining two months.

How to calculate the interest of lightning loan of China Merchants Bank?

1. Interest shall be calculated on a daily basis, excluding interest. Therefore, the calculation of lightning loan interest of China Merchants Bank is related to the loan amount and term. If the daily interest rate is 0.042%, the calculation formula is: 0.042%* loan amount * loan term, and the corresponding monthly interest and annual interest are respectively:

Monthly interest =0.042%*30= 1.26%

Annual interest rate = 0.042 * 30 *12 =15.12%

2. For example, if you apply for a lightning loan of 654.38+10,000 yuan for 30 days, the lightning loan interest of China Merchants Bank will be 0.042% *100000 * 30 =1260 yuan.

3. Different types of lightning loans have different quota regulations. Generally, the maximum credit line does not exceed 300,000 yuan, and the minimum single cash withdrawal amount is 1 1,000 yuan, which is an integral multiple of 1 1,000 yuan.

4. The interest rate of the lightning loan is determined by the system according to your comprehensive credit status. The successful interest rate of the loan is the final interest rate (no handling fee), which can generally be seen in the application interface.

5. Application path: mobile banking → mine → all → my loan → my lightning loan.

Tips: The interest rate of lightning loan does not support adjustment.

Extended data:

1. If the lightning loan of China Merchants Bank pays interest in advance, click "My" at the bottom of the machine bank, and the drop-down page will find "My Loan" →→→→→→→→ Loan Record →→ Follow the prompts. Self-service repayment within 7*24 hours without penalty interest; The loan bears interest on a daily basis, and the interest is calculated day by day. Prompt: After partial prepayment, the remaining loan amount must be greater than 1000 yuan.

2. Public trust. Com: What are the interest rates of various consumer credit loans in the market now? According to the reporter of the Economic Information Daily, the loan prices of the general banking sector are relatively cheap. For example, the daily interest rate of "lightning loan" is about 0.035%, and the monthly interest rate is between 3.4% and 4.8% (depending on personal credit record, transaction situation and background qualification), which is equivalent to the annual interest rate of about 13%.

3. Internet companies are second. For example, "micro-loan" bears interest on a daily basis, with a daily interest rate of five ten thousandths, which is equivalent to the annual interest rate18.25%; Microfinance companies and P2P platform departments usually charge a certain service fee in addition to the loan interest, and the borrowing cost is relatively high, for example, the monthly interest rate of pleasant loans is 0.78%- 1.89% (including service fee).

China Merchants Bank official website-Lightning Loan, Baidu Encyclopedia-Lightning Loan, Zhongxin. Com- "lightning loan" may increase the loan cost.