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How to convert the annual interest rate into the monthly interest rate?
The conversion relationship among annual interest rate, monthly interest rate and daily interest rate is: annual interest rate = monthly interest rate × 12 (month) = daily interest rate ×360 (day); Monthly interest rate = annual interest rate ÷ 12 (month) = daily interest rate ×30 (days); Daily interest rate = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days).

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Reply time: 2022-0 1-07. Please refer to the latest business changes announced by Ping An Bank in official website.