How about Baidu Youqianhua Zunxiang Loan? Baidu Youqianhua is divided into three products: Zunxiang Loan, Manyi Loan, and small-term loan. According to the official introduction, Zunxiang Loan is a high-end customized large-amount loan. Loan financial products.
In fact, Zunxiang Loan and Manyi Loan have the same quota, and the maximum limit of Zunxiang Loan is 300,000 yuan.
Zunxiang Loan can be repaid in 3, 6, 9, 12, 24 and 36 installments, and can be repaid in two ways: equal principal and interest, equal principal and equal fees.
The exclusive loan system will charge different interest rates based on the borrower’s comprehensive situation. The official even stated that the daily interest rate is as low as 0.01%.
However, there is always some gap in the actual situation. Not to mention how many people can enjoy the benefits of the daily interest rate of 0.01%, some people feel flattered when they see 0.02%.
However, Zunxiang Loan not only charges normal repayment interest, but also installment fees and loan service fees.
A netizen once borrowed 81,000 yuan from Zunxiang Loan, and repaid the principal and interest in equal amounts in 12 installments. The bill showed that the total interest on the normal repayment (daily interest rate 0.02%) was 3,236.33 yuan, and the installment handling fee (processing fee) The loan service fee (service fee 0.7%) is 6804 yuan, and the loan service fee (service fee 1%) is 810 yuan.
After 12 months, this netizen’s total repayment was 91,850.33 yuan.
Zunxiangdai’s loan interest calculation: the remaining principal interest rate and the actual number of borrowing days. For example, the above netizen borrowed 81,000 yuan and repaid the principal and interest in equal amounts in 12 installments; the daily interest for the first installment is 81,000x0.02%=16.2 yuan; the daily interest for the second installment is (81,000-81,000/12)x0.02%=14.85 yuan; based on this analogy.
Note
How come Baidu Youqianhua Zunxiang Loan cannot be recycled? When the borrower applies for a loan limit, even if there is a remaining limit, it will become invalid and cannot borrow again. Xiangdai also does not support increasing the limit.