Current location - Loan Platform Complete Network - Loan intermediary - Consultation: From 20 12, 1, the interest on overdue loans will be charged according to the standards of financial institutions stipulated by the People's Bank of China.
Consultation: From 20 12, 1, the interest on overdue loans will be charged according to the standards of financial institutions stipulated by the People's Bank of China.
% refers to the annual interest. The formula for calculating interest is:

= principal * date * interest rate =65* days/360 * 6% = 65 * 356/360 * 6% = 38,566,667 yuan.

In loans overdue, banks generally charge 50% interest, and the formula is:

= principal * date * interest rate *150% = 65 * 356/360 * 6% *150% = 57850 yuan.