1. What is the interest rate of Home Credit loan? According to the editor, the daily interest rate of Home Credit cash loan is generally 0.058, which is above average in the industry. However, the interest on Home Credit loans is not only generated by the borrowing rate, but also by the monthly service fee and customer service fee. The monthly service fee is 0.78 and the customer service fee is 1.58.
Give an example: If a customer borrows 10,000 yuan, the interest generated in one month is 10000*0.058*30 10000*0.78 10000*1.58=410 yuan. If the customer borrows the loan for one year, 410*12= will be generated. 4920 yuan,
2. Is the interest rate of Home Credit loan high? As can be seen from the above example, the interest rate of Home Credit cash loan is very scary. Since the service fee is extremely high and calculated on a monthly basis, Moreover, Home Credit loans require customers to have a loan period, which is much higher than bank cash loans. This is why netizens complain that the interest rate of Home Credit cash loans is comparable to loan sharks. So in summary, Home Credit loan interest is too high
Warm reminder 1. Home Credit Cash Loan is suitable for new customers who have not applied for Home Credit installment loans. If you have applied for Home Credit installment payment, you cannot apply for Home Credit cash loan. 2. The loan cost of Home Credit Cash Loan is relatively high, and applicants should apply based on their repayment ability. 3. Home Credit Credit Cash Loan supports early repayment. If you apply for early repayment, you need to apply to Home Credit 15 days before the repayment. There are corresponding handling fees for early repayment. Home Credit loan interest is not only generated by the loan interest rate. Don't just focus on the loan interest rate and ignore the hidden interest such as service fees. When the service fees are included, the interest rate on Home Credit loans is very high.