Loan principal: the actual loan amount of gold bars in JD.COM.

Monthly loan interest rate:

1, current interest payable = daily interest * loan days

2. Daily interest = current principal payable (all outstanding principal) * daily interest rate.

If the interest rate for 5000 days is 0.05, then:

Daily interest =5000*0.05%=2.50 yuan.

Monthly interest =2.50*30 (days) =75 yuan.

Extended data:

The specific calculation method of repayment amount in each installment is: repayment amount in each installment = loan principal/number of loan installments+loan principal * monthly loan interest rate+liquidated damages (if any).

If the payment is overdue for more than several months, the expected principal plus interest shall be added to the repayment amount, and the monthly interest rate shall prevail.

For example, if you borrow 30,000 yuan and repay it in three installments, you choose to repay it monthly. If the monthly interest rate is 0.5%, your repayment amount in each installment = 30,000/3+30,000 * 0.5% = 1.0 150 yuan.

Jingdong Finance -JD.COM How to Calculate Interest on Gold Bar Loan

What is the interest rate of Finance-JD.COM gold bar loan in JD.COM?