The loan interest of revolving credit line is calculated by stages according to the loan amount and borrowing time, which is actually the same as the loan interest of lending institutions of the same grade, that is, the so-called principal * time * interest rate. For example, if you borrow 500,000 yuan for a ten-year period, you will pay it back after six years. According to the interest rate of 7.83% for five years or more announced by the central bank, it is 50 * 6 * 7.83%. However, if it is repaid within five years, the interest will be calculated according to the annual limit of repayment.

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