It has been some time since NetEase Micro Loan was launched, and many users still rate the "White Collar Loan" very highly. On this platform, borrowers can obtain a loan limit of up to 50,000 yuan. NetEase Small Loan does not limit users’ consumption purposes and is very diversified. So, what is the interest rate of NetEase small loans? Are the expected annual interest rates high?

Detailed explanation of NetEase’s small loan charging standards (during the public beta period) 1. For a loan of less than 10,000 yuan per period, enjoy the discount of 0 interest and 0 handling fee. For the portion of the loan exceeding RMB 10,000 per period, handling fees will be charged at the following rates.

For example, Xiao Ming successfully borrowed 12,000 yuan to buy a SLR on November 5. The principal and handling fee to be returned on December 5 are: 12,0010,000x0%+2,000×yuan. 2. Users whose loans are for 6/9/12 periods can enjoy the discount of one-term handling fee. The preferential plan has compiled a table:

For example, Xiao Ming applied for a loan of 15,000 yuan/12 periods. The total principal and handling fee required to be returned is: 150015000××(12-1)=yuan. Note: During the public beta period, you can only enjoy the discount by clicking "Apply Now". The handling fee reduction discount will be returned to users in the last period.