The annual interest rate is generally% (percentage), and the monthly interest rate is generally expressed as ‰ (one thousandth); The daily interest rate is expressed as a few tenths of the principal, which is usually called a few cents.
If the daily interest rate is 1%, that is, the principal is 1 yuan, and the daily interest rate is 0.005438+0 yuan. (1% =0.00 1 yuan, 10 cents =0.000 1 yuan)
1% interest =0.00 1=0. 1% interest = 0.01= 1%.
So 1 1.52% is the interest of 1 1, which is 5% and 20 cents.
Extended data:
Conversion formula of daily interest rate, annual interest rate and monthly interest rate:
Daily interest rate (0/000)= annual interest rate (0/0) ÷ 360;
Monthly interest rate (0/00)= annual interest rate (0/0)÷ 12.
Monthly interest rate = daily interest rate ×30
Annual interest rate = monthly interest rate × 12
Interest = interest product × daily interest rate
formula
Formula 1: daily interest rate = daily interest deposit (loan) amount X 100%.
Formula 2: Daily interest rate =? Monthly interest rate ÷30
Formula 3: Daily interest rate =? The annual interest rate is 360.
Handling process of automobile loan:
First of all, the lender needs to prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.
Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If the loan is unsecured, there is no need to sign such a contract.
Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.
Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and so on.
Baidu encyclopedia-monthly interest rate