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How to calculate the interest of BOC E loan?
Provisions of Bank of China on Interest-bearing of BOC e-loan:

The interest rate is the annual rate. The specific interest calculation of each loan is based on the loan balance, loan days and loan interest rate (the annual interest rate shown to you is /360). For example, your loan balance is 6,543,800 yuan (annual interest rate is 6%), and monthly interest = 100000 (loan balance) *30 (actual days) *6%/360 (daily interest rate) =500 yuan.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

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