Is he wrong, or do you not know the jargon? In fact, such "jargon" often appears in private lending. How much is the interest on "1.5" here? Let me explain it to you one by one:
As we all know, RMB is divided into yuan, jiao, fen and Li. The monthly interest rate here is 1.5, which translates into a monthly interest rate of 1.5% and an annual interest rate of 18%.
Take a chestnut as an example: Xiaoming borrows 5,000 yuan a year, and the interest is 1: 5, so the interest he actually pays a year is 5,000 *1.5% *12 = 900 yuan.
Some interest rates of private usury are as high as three or four points, and the annual interest rate is very high. Everyone must find out the real interest rate before borrowing!
Here are some related terms:
Interest rate payment clause
Monthly management rate
The monthly management fee is based on the initial loan amount, and the monthly interest rate is based on the monthly residual principal.
One-time handling fee rate
Refers to the handling of this loan business, only one handling fee is charged, and there will be no repeated charges in the future.
These are the rates we often hear.
Appellation words
Dead seal
The floorboard of the faithless. Under normal circumstances, the court will take a series of punitive measures against such people, restricting their consumption, income, housing and children's schooling, and forcing them to repay their loans.
Black households/blacklists
A black household in a broad sense refers to a person without an ID card. The "black households" mentioned here refer to people who are refused loans or applied for credit cards by various institutions because of non-repayment of debts. Blacklist itself does not exist, and the place where bad credit information of black households is recorded is generally called blacklist.
Shiro
People who have never applied for a credit card, have no online consumption records, have no purchase records and have no personal credit records are called white households. Such people may be rejected when applying for loans, because they have never had a credit relationship with financial institutions such as banks and have no credit reference value.
Loan operation clause
Multi-head loan
Refers to the borrower using the same set of materials to apply for loans from multiple banks or private institutions at the same time. Among them, this set of application materials is completely true to effectively fill the funding gap.
Loans and use
Literally, the borrower and the actual user are not the same person. They lend money to another person according to the identity of the borrower. After that, the actual borrower repays the principal and interest for the nominal borrower. There are certain risks, such as the disappearance of nominal borrowers and the suspension of loans by actual users.
Letter of credit clause
revolving loan
After the bank completes the examination of the customer's qualification, it will approve a certain credit line. Within the established time limit and credit line, customers can enjoy the convenience of borrowing, returning and circulating at any time without repeatedly submitting loan applications to banks.
Bad credit
Credit stain, also known as bad credit record. When bank customers maliciously fail to repay or overdue their loan applications, credit stains will appear. Different banks have different approval standards for personal credit records.
Three tired six in a row.
Three involving six refers to three consecutive months overdue, and the cumulative overdue is six times.
After reading these private lending terms, the next time you apply for a loan business, or receive such a phone call, you will have a balance in your heart and you will not be at a loss.
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