The best way to reduce the loan interest rate: submit additional financial proof, such as bank deposit certificate, insurance policy, automobile property certificate, etc. Reduce the loan amount; Choose a bank with a lower loan interest rate, and different banks have different loan interest rates; Apply for a loan during the period of loose credit business; Providing collateral recognized by banks, the mortgage interest rate is significantly lower than other loans. Therefore, users can effectively reduce the loan interest rate by using the above methods. After the loan interest is reduced, the interest expense will be significantly reduced. We need to start from three aspects, one is the loan channel, the other is the loan method, and the third is our own qualifications.

The interest of different borrowing channels is different, and the interest of formal channel borrowing is usually low. In particular, the bank loan interest rate rose with the benchmark interest rate of the central bank, which can be said to be the lowest interest loan channel. Major licensed financial institutions, such as 360 IOUs, short-term loans and money-spending, all bear interest on a daily basis. The minimum daily interest rate is two ten thousandths, which is higher than bank loans, but the threshold is relatively low.

Compared with many private lending institutions, they still have a conscience. That is, choose credit loan, mortgage loan and pledge loan. Credit loans don't need mortgage guarantee, and the risks are relatively high, and the interest charged will be relatively high, but the loan speed will be relatively fast, mainly online application. The system automatically approves the loan, and the loan can be received on the day of application at the earliest.

Mortgage loan and pledge loan need to provide guarantee, and the interest is lower than that of credit loan, but the process is complicated. First of all, we should pay attention to the guarantee, review the applicant's information, and then mortgage/pledge. The loan speed is not that fast. Many platforms will give general interest space, but they will make differentiated pricing according to the qualifications of applicants. If the applicant is easy to gain trust, the loan risk is low, the corresponding loan interest is low, and the loan review speed is fast. Therefore, it is best for borrowers to maintain good credit, reduce personal liabilities as much as possible and conduct business with loan platforms on the premise of repayment ability.