I bought a Chery loan with monthly payment 1670. What is the interest rate? Is it high?
Of course, the handling fee is used to handle the loan, and people can't give it away for nothing.
Monthly payment 1670 yuan. If you still have three years, that's 36 months. 1670*36 is equal to 60 120. That is to say, you should pay more 10 120 yuan.
Your principal of 50000 divided by the overpaid 10 120 equals 4.94, which is your interest rate.