Legal analysis: the interest generated by the loan will generate different expenses due to product details, comprehensive credit situation, repayment method and time. Everyone's situation is different, resulting in different costs. When applying for a loan, we should not only compare the interest, but also comprehensively examine the reliability of the loan platform to protect our information and property security.

Legal basis: Article 20 of the Regulations on the Administration of RMB Interest Rate, short-term loans (with a term of less than one year, including one year) shall bear interest according to the legal loan interest rate of the corresponding grade on the signing date of the loan contract. During the loan contract period, in case of interest rate adjustment, interest will not be calculated by installments. Short-term loans are settled quarterly, and the 20th day of the last month of each quarter is the settlement date; If the interest is settled on a monthly basis, the 20th of each month is the interest settlement date. The specific interest settlement method shall be determined by the borrower and the lender through consultation. Interest that cannot be paid on schedule during the loan period shall be compounded quarterly or monthly according to the loan contract interest rate, and after loans overdue, at the default interest rate. When the last loan is paid off, the profit will be paid off with the principal.