The monthly repayment is equal, with the total repayment amount of 1060. 18 yuan and the interest of 60. 18 yuan. At the same time, the daily loan interest rate is *365= 10.95, so the calculated loan interest rate is low. When the installment interest rate of credit card 12 is higher than the annual loan interest rate, the installment fee of credit card is higher than the loan interest rate; When the credit card 12 installment rate is less than the annual loan interest rate, the loan interest rate is higher than the credit card installment fee. In other words, the interest comparison between credit card and debit card should be carried out under the same number of installments, and the party with high interest rate is the party with high interest rate. The loan is a daily interest-bearing product, and the daily interest rate is between 1.5 and six ten thousandths. Credit cards are charged according to the installment rate, and the installment fee standards of different banks are different. Therefore, through case analysis, we know that ICBC's credit cards are divided into 1000 yuan and 12 installments, and the installment rate is 15.6%. Borrow a loan of 1000 yuan, repay it in 12 installments, and calculate the interest at the daily interest rate of 0.03%.
1. What's the interest rate of the microfinance (8.23.6) for 11,000 months?
The monthly interest of small loans is about 150 yuan. At present, micro-loans still bear interest on a daily basis. The daily interest rate is generally 0.05%, which translates into an annual interest rate of 18.25%, and the daily interest rate is 10000 * 0.05% = 5 yuan. The repayment period of micro-loan is 5 months, 10 month and 20 months, and the daily interest is calculated at 0.05%. The repayment method is average capital. For example, the loan amount is 654.38 million yuan and the loan period is 654.380+00 installments. The daily interest of the first installment is 5 yuan (10000*0.05%). After paying off the first installment, the remaining principal is 9000 yuan, so the daily interest is 4.5 yuan (9000*0.05%), and so on. The less the principal, the less the interest. Small loans can be repaid in advance or at any time, but not frequently. There is no penalty interest for early repayment, and the deadline for interest calculation is the repayment date.
Second, why is the interest on microfinance getting higher and higher?
1. The borrower's comprehensive credit deteriorated. For example, when using a small loan, loans overdue, and when using a credit card, the repayment is overdue, which can be found in the credit report. When reviewing micro-loans, it is necessary to check the credit information, and the credit is getting worse. In order to control the risk of loans, the loan interest rate will rise.
2. The borrower's debt ratio becomes higher. Although the repayment was made on time, the number of loans was many, and the last loan was not settled and began to borrow money. The repayment ability was worrying and the loan risk increased.