The interest of ABC's online loan is calculated on a daily basis. If the borrower chooses to prepay, the interest will be calculated until the repayment date, that is, according to the actual days of use. If you choose to repay the loan on the second day after the loan is issued, you can pay the loan interest for two days.
explain
Xiao Zhang received a credit line of 50,000 yuan from Agricultural Bank of China Netjet, with an annualized loan interest rate of 30,000 yuan. After 205 days, he decided to prepay. So, how should Xiao Zhang calculate the interest of ABC NetJet?
Xiao Zhang's loan interest is: 30,000× 205× (∫ 365) = Yuan.
Apart from RMB loan interest, Xiao Zhang does not have to pay extra for prepayment.
After paying off the online loan of ABC in advance, you can borrow at any time as needed during the validity period. At that time, Dai Jie, the Agricultural Bank of China, will start calculating the loan interest again. It should not be difficult for everyone to find that the calculation of online loan interest of ABC is relatively simple.
Above, we introduced how to calculate the interest of early repayment of online loans of ABC. Generally speaking, the interest of ABC's online loan is calculated on a daily basis. When you repay the loan in advance, you only need to pay the interest on the actual number of days used.