Money flower is a popular brand of personal consumption credit loan at present. This product mainly solves the temporary problem of capital turnover for users with capital needs. For many users who need to borrow money, when handling loan business, everyone is most concerned about the issue of loan interest. So how to calculate the loan interest of money and what is the loan interest of money?
Interest on easy loans with money is calculated on a daily basis. Loan interest = remaining unpaid principal * loan daily interest rate * loan days. The loan interest shall be calculated from the date when the loan is successful. Users can repay their debts in advance the next day, and borrowers only need to pay the actual loan interest.
For example, if the loan is 1 1,000 yuan, the daily interest rate of the loan is 0.05%, and all debts are paid off on the first 10 day after the user successfully borrows, then the borrower only needs to pay the loan interest of 50 yuan and the repayment principal of 1 1,000 yuan, and the borrower does not need to pay other loan interests except this fee.
According to the feedback from users who have borrowed money, the current daily interest rate for borrowing money is around 0.0 1% ~ 0.05%. According to the official introduction of Qianhua Loan, the minimum daily interest rate is 0.02%, the minimum monthly interest rate of Qianhua Loan is 1.00%, and the minimum daily interest rate of short-term loan is 0.0 1%. (Click here to test the cost for free)
Users should pay attention to keeping good repayment records after they have the money to handle loan business. In case of overdue behavior, Bi 'an will charge the borrower an overdue fee, which will be calculated at 0.5 times the normal loan interest rate of 65438 from the overdue date until the user pays off all the arrears. It can be seen that overdue will increase the borrower's repayment cost.
In addition, the money spent is currently on the credit report. Tencent Weizhong Bank's credit products micro-loan, Ali Alipay loan and Baidu Xiaoman Finance's rich flowers are very reliable and the interest rate is very low. As the three official credit service brands of BAT, they all strictly fulfill their reporting obligations in accordance with the credit management regulations of the People's Bank of China.
If the user has overdue behavior, the bad record will be uploaded to the central bank's credit information system, and the borrower's personal credit information report will leave a bad record. If the personal credit information is bad, the later loan application or credit card application may be affected.