What is the meaning of "monthly payment" mentioned in microfinance?

Monthly payment means monthly repayment,

The repayment method of small loans is equal principal and interest repayment, and the monthly repayment consists of monthly interest and monthly principal.

For example, if the loan is 1 10,000 yuan, the monthly interest rate is 1%, and the loan is 1 0000/12 = 833.33 yuan, and the monthly repayment interest is1000.

Can 50,000 women's provident fund be loaned?

Can the bank find out the fake consumption vouchers?

The difference between ICBC International and ICBC (Asia)

What is the safest and most reliable online loan?

How to improve the success rate of micro-loan application

How many procedures and time does it take to apply for provident fund loan, repay in advance, cancel mortgage and realize the transfer of commercial housing in Hefei?

What do you mean by interest?

65438+ 10,000 yuan to buy a car, the zero down payment is 27,000 more expensive than the formal loan. Who can you argue with?

How about a loan from Jin Fu in Qianhai Guancheng?

Why are most poor people afraid to start a business?