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Is the installment interest high?
1, the interest on staged music is not high. The state stipulates that loans with an annual interest rate of more than 36% belong to usury, and the interest of ordinary users on installment loans is 24%, but the interest of people with high debts will be higher than this, but it will not exceed 36% every year. The monthly interest rate is about 1%-2% per month, which is within the range stipulated by the state and is not considered as high interest rate. Installment music is a product with daily interest, and the daily interest rate is as low as 0.049%. Convert the daily interest rate to the annual interest rate of 0.049%*365= 17.885%. This interest rate is much higher than that of banks of the same grade in the same period. However, compared with online loan products, the interest rates of most online loan products are in the range of 18%-24%, so the interest rates in online loan products are not high. However, the lowest interest rate for staged music days is 0.049%. If it is higher than this interest rate, the annual interest rate will be greater than 17.885%.

If the interest of installment music becomes higher, it is mostly because the credit level of customers is lower than before. We should know that the interest rate of installment music is not fixed, but will be adjusted according to the comprehensive evaluation of the system with the irregular evaluation and audit of the system. Therefore, if the comprehensive score of the system decreases, the interest rate may naturally be increased by the system. However, the decline of credit level leads to the decrease of the comprehensive score of the system. In detail, it may be that the customer's credit is not good recently, for example, the repayment has not arrived on time, and it has been overdue. Although the debt was paid off quickly and the circumstances were not too serious, it still led to credit damage; It may also be that customers have frequently applied for a large number of loans recently, resulting in long-term borrowing and high debts, and the system is worried that customers' repayment ability is insufficient. We also need to note that if there are always risky operations such as illegal cashing, or bad behaviors such as frequent modification of account information and replacement of equipment login, resulting in increased account risk, the system is likely to control the risk of the account and raise interest rates.

3. Staging music is a high-quality staging shopping center under Lexin. Founded in June 20 13, it is the first governing unit of China Internet Finance Association and the first batch of 17 Internet financial credit information sharing units. Established official cooperation with many famous brands such as Apple, L 'Oreal and Philips, and became the third largest Internet channel after JD.COM and Tmall.