It is formal and legal, and the interest rate of Paipai loan is relatively high.

Paipaidai is an online credit lending platform in China. Its operating entity is Shanghai Paipaidai Financial Information Services Co., Ltd. The company is formal and reliable, and the Paipaidai platform is also completely formal and legal.

The annual interest rate of Paipaidai loans ranges from 7 to 24. The specific interest rate is determined based on the credit rating. If you borrow 10,000, you need to calculate the monthly interest rate based on the loan period. How much is the monthly repayment? In addition, if the repayment method is different, the monthly repayment amount will also be different. For example, the monthly repayment amount is different between interest first and principal and interest in equal amounts.

The above content is for reference only and does not provide any loan advice. Online loans are risky, so be careful when choosing!

Before, I also had business turnover needs, and I have used several small loan products. The first one I applied for was Du Xiaoman Youqianhua (formerly Baidu Finance), with a limit of exactly 100,000 (the highest on the platform) Supports 20W), and the interest rate is also very low (the annualized minimum is 7.2), which is still relatively low. All were proposed and divided into 12 issues.

Baidu Finance is a formal licensed consumer finance company, and there are no fees for the entire application process and payment.

Du Xiaoman - Pay special attention to the following when spending money:

1. After spending money beyond the limit, you must withdraw cash as soon as possible, because the limit may expire after a long time.

2. It is best to withdraw the full amount when withdrawing cash, because I read other people’s posts saying that if you withdraw too little, the system risk control may mistakenly think that you need it (or re-judge that you are not a high-quality customer). If you are rejected during the cash withdrawal process, it is safer to withdraw at least 60.

Anyway, Baidu Finance supports free early repayment. If you don’t need it for a few months, you can choose to settle it in advance. The interest will be paid as long as you use it, and there will be no loss to us. First Make sure you bring it up first.

The second one I applied for was 360 IOU. After all, they are big platforms, so I applied first. The limit is 5.5W, and the interest is about the same as having money to spend.