Convert the annual interest rate of 36% into monthly interest rate: 36%÷ 12 (month) = 3%; The daily interest rate is 36%÷360 (days) =0. 1%. When applying for online loans on the platform, we must pay close attention to avoid usury.
We should also be careful. Although the loan interest rates of some platforms are normal, they will charge additional service fees, guarantee fees, deposits, handling fees and beheading interest. As a result, customers will eventually have to pay back a lot of expenses. This practice is also illegal. If customers encounter it, they can collect relevant evidence and report it to the Internet Finance Association or the local CBRC to safeguard their legitimate rights and interests.
Usually, when handling a loan, you can also check whether the platform has been approved by the CBRC and whether it holds a financial license. Don't go to an unknown small loan company for online loans.
If you want to query the online loan data report, you can find it in: Beijian Quick Check, and you can view the user's application times, online loan data, online black index score, hit risk warning, court prosecution information, arbitration case information, dishonesty information and other data. And the queried data is very accurate and comprehensive.
Extended data:
What are the minimum and maximum loan interest rates?
The minimum and maximum interest rates of loans mainly depend on the provisions of the loan handling bank or lending institution and platform, and different banks (lending institutions and platforms) may have different provisions on the range of loan interest rates.
For example, the daily interest rate for ants to borrow money ranges from 0.0 15% to 6/10,000 (0.06%). The minimum daily interest rate of micro-loans is two ten thousandths (0.02%) and the maximum is five ten thousandths (0.05%). Anyihua's daily interest rate is 0.02% at the lowest and 0.0483% at the highest.
It should be noted that banks (lending institutions and platforms) generally only determine a rough loan interest rate range, and the specific loan interest rate still needs to be comprehensively determined according to the borrower's repayment ability, debt status and credit status.
Therefore, different people apply for the same loan product, and the loan interest rate may be different. The better the general borrower's personal comprehensive qualification, the lower the loan interest rate may be. Therefore, everyone should pay attention to maintaining good personal credit, which is helpful for loans.