The daily interest rate of micro-loans is very low, ranging from 0.02% to 0.05%. The daily interest rate varies according to the individual's situation, that is to say, borrowing 65,438+00,000 yuan only needs 2-5 yuan a day, which is lower than the cost of ordinary bank loans. The daily interest rate of small loans is five ten thousandths. The money you borrowed multiplied by 0.05% is the daily interest you borrowed. If you borrow 10000 yuan, every day is1000 x0 ... 05% = 5 yuan, and one month is 150 yuan.

Micro-loan is a loan product launched by WeChat, which has a strong background and strict qualification examination, and not everyone can use it. At present, micro-loans are only open to some people, and only by improving the relationship with WeChat, Weizhong and Tencent can it be opened to them. That is, the system invitation system, only the system invites you and is open to you. We should make more use of Tencent's products, including instant messaging, online shopping and online payment, as well as virtual consumption, relationship chains, games, media behavior and basic portraits. In particular, the bank card bound to WeChat wallet has more transfers and more red envelopes, and the purchase of the above wealth management products is estimated to be the fastest.

The latest policy of loan interest rate in 2022:

1. Private lending rate. As we all know, according to the law, in private lending, the interest rate agreed by both parties exceeds the annual interest rate of 36%, and the interest agreement that exceeds the part is invalid. The people's court shall support the borrower's request to the lender to return the interest paid in excess of 36% per annum. In the new loan regulation of 20021,the relevant institutions revised the original legal protection clause of 24% to determine the judicial protection upper limit of private lending interest rate with four times of LPR as the standard. In other words, the interest rate of private lending platforms needs to be reduced. If calculated according to the interest rate of 3.85%, the upper limit of judicial protection of private lending interest rate is only 15.4%.

2. Interest rate of provident fund loans. Although the interest rate of provident fund loans announced by the central bank has not changed compared with previous years, in some areas, the situation is different everywhere, so the interest rate of provident fund loans has also changed. On September 14, Tianjin Provident Fund Management Center announced that it would adjust the interest rate of personal provident fund loans to buy two houses in Tianjin to 1. 1 times the interest rate of the first suite in the same period. Besides Tianjin, Wuhan is the same. Moreover, the amount of provident fund loans in these areas has also changed. For example, in Wuhan, the maximum loan amount for the first suite of housing provident fund has been raised to 700,000 yuan, and the maximum loan amount for the second suite is 500,000 yuan.

Is the interest rate of small loans high?

Compared with the interest rate of bank loans, the interest rate of microfinance is higher. Interest on small loans is calculated on a daily basis. The daily interest rate of micro-loans is 0.05%, which translates into monthly interest rate 1.5% and annual interest rate 18%, which is higher than the one-year benchmark interest rate of 4.35%. However, it should be noted that the daily interest rate of 0.05% is the highest interest rate level of microfinance. For high-quality customers, small loans will have preferential interest rates, which can be as low as 0.02% per day and converted into an annual interest rate of 7.2%, which is also a relatively affordable interest rate level.

As an Internet banking loan product launched by Weizhong Bank, "micro-loan" has the following characteristics:

(1) Unsecured and unsecured;

Most personal loans provided by traditional financial institutions require borrowers to provide guarantees such as mortgages, and it is difficult for individual users who cannot provide guarantees or have no fixed assets under their names to obtain loans. "Micro-loan" does not need mortgage and guarantee, and does not need to submit any paper materials, which can better meet the micro-financing needs of users with good credit.

(2)7*24 hours service, the fastest 1 minute to complete the loan;

Relying on strict risk control rules and complete technical support system, "micro-loan" provides 7*24 hours online service, with convenient and efficient procedures. All processes are completed on mobile phones, and loans can be made in 40 seconds at the earliest.

(3) There is no handling fee for prepayment;

Most traditional financial institutions require users to repay on the repayment date. If the user wants to repay the loan in advance, he needs to apply and pay the handling fee. In addition to the regular default withholding repayment, "micro-loan" also supports users to settle loans at any time without charging any other additional formalities.

Quotas and interest rates

The credit line of "micro-loan" is between 100 yuan and 200,000 yuan, which varies according to the individual's comprehensive situation. A single loan can be loaned 100-40,000 yuan.

The daily interest rate is 0.02% -0.05%, 1 ten thousand yuan daily interest 2-5 yuan.

develop

On May 20 15, "Micro-loan" was officially launched on mobile QQ, and landed on WeChat on September 14. [ 1 1]

By the end of 65,438+February in 2020, the micro-loan financial poverty alleviation project has been officially launched in 42 poverty-stricken counties (including 32 national-level ones), and the total value-added tax contributed by the project to poverty-stricken areas is about145.3 billion yuan, effectively helping local poverty alleviation.

Is the interest on small loans high?

Not high, the daily interest rate of micro-loans is 0.02%-0.05%, and the converted annual interest rate is 7.3%- 18.25%. According to the average loan interest rate of online loan products, the interest rate of micro-loan is not high. However, compared with the interest rate of bank loans in the same period, micro-loans are undoubtedly much higher. Therefore, if the annual interest rate of micro-loans is in the range of 0.02%-0.03%, the loan interest is not high, exceeding 0.03%, and the interest is relatively high.

In daily life, many people not only can't achieve financial freedom, but also can't make ends meet, so sometimes they have to borrow money to make ends meet, and micro-loans and loans are the lending products that everyone will consider. So, which is more cost-effective, microfinance or borrowing? Let's have a brief chat together.

Comparison between small loans and loans

First, the application threshold. Applying for a small loan requires the applicant to have two people's credit and the economic ability to repay on time. Most importantly, it needs to be a white list user of the micro-loan system. Borrowing is a frequent customer of Alipay, and you can apply if the sesame score is higher than 600.

Second, the amount and duration. At present, micro-loans can provide loans ranging from 5 million to 300,000 yuan for applicants, with a service life of 5-20 periods. At present, the loan application amount is 1 0,000-300,000, and the longest service life is 12 months. Judging from the amount and duration, there is not much difference between the two.

Third, the loan interest rate. It is understood that the daily interest rate of micro-loans is 0.05%, and the converted annual interest rate is 18.25%. The daily interest rate of borrowing money is 0.04%, and the annual interest rate is 14.6%. From the perspective of interest, borrowing money is more cost-effective. It should be noted that both small loans and loans will be credited. But please, not all records will be credited.

The interest rate of micro-loan is linked to your own personal credit. Your credit is good, the interest is low, and your own personal credit feels good. Then you can try spending money. The maximum consumption is 200,000 yuan, and the minimum daily interest is 22,000 yuan. The money I spent was 50 thousand, and the interest was 3000. I think it's good.

Is the interest rate of small loans high? You will know after reading it.

; ? As we all know, micro-loan is a personal consumer credit product, which bears daily interest, repays it as you borrow it, and supports prepayment without any penalty and handling fee. The interest after prepayment is only calculated to the day before the repayment date, that is, the interest is not calculated on the day of prepayment. It is a very conscientious cash loan product. So, is the interest rate of microfinance high? Let's take a look together.

First, is the interest rate of micro-loans high?

The interest of micro-loan is calculated according to the actual use days of the borrowed funds, and the daily interest rate range is clearly between. Calculated by annual interest rate = daily interest rate *360 days, it can be concluded that the annual interest rate range is between, that is, the highest annual interest rate does not exceed 18%, which is completely protected by the judiciary.

The legal interest rate protection line of financial institutions is that the annual interest rate is within 24% and the annual interest rate is between 24% and 36%. If the annual interest rate exceeds 36%, the borrower has the right not to pay it back or recover it.

As a product of Tencent's Weizhong Bank, micro-loan is launched by regular Internet banks. Interest rates are strictly regulated by relevant departments and are open and transparent. Only for different users' loan risks, certain differentiated pricing is implemented, and the highest daily interest rate will not exceed personal opinions.

Second, the calculation example of interest on small loans

Assuming that the daily interest rate is the highest, if you borrow 1 0,000 yuan and borrow 10 days, then: interest = 1 0,000 * yuan.

Fifty cents a day, the highest cost 1000 yuan, you can judge for yourself whether it is high or not.

The above is about "Is the interest rate of micro-loans high?" Pay attention to repayment on time, and don't be overdue. If it is overdue, the overdue interest is twice the normal interest, which is 50% of the normal interest, which is a bit high. Everyone should pay attention to avoid overdue.