Interest at an annualized rate of 5.5%, such as loan 1 1,000 yuan, loan 1 annual interest 550 yuan. The annualized loan interest rate of 5%.5% means that the loan interest rate is calculated at the annual interest rate. If the loan term is month or day, you need to convert the annual interest rate. After the conversion is successful, the monthly or daily interest of the loan can be calculated.

5.5% annualized interest rate is relatively low. Users must meet the bank conditions when handling loans, and different types of loans need different loan conditions.

When applying for a loan, the borrower must be at least 18 years old, have full capacity for civil conduct, have submitted tap water for nearly six months, and have a good personal credit. After submission, the bank will conduct an audit and obtain a loan after approval.

The types of loans handled by banks include credit loans, mortgage loans, risk loans and student loans. Users should repay the loan in time after handling it, and shall not repay the loan overdue. After all, there will be a penalty interest for overdue repayment. The longer the time, the more penalty interest, and the heavier the repayment burden in the later period.

When handling loans, you can also choose different repayment methods. Common repayment methods include matching principal and interest, matching principal and interest, paying interest first, and repaying principal and interest at one time. Generally, banks will give repayment methods according to loan types, and consider their own income when choosing repayment methods to ensure timely repayment.