Interest rates of different loan channels
1, credit card cash installment or cash-out: credit card holders often think of borrowing money or cash-out with their own credit cards. First of all, cashing is brushed out by some methods and requires a handling fee. Ten thousand yuan is about 60 yuan to 80 yuan. If the interest rate is calculated by stages, it will be at least above 10%.
2. Mortgage loan: At present, the interest rate of bank mortgage loan is basically between 6% and 8% according to local policies and bank policies. However, we still need collateral that meets the requirements, and we need to go through various procedures, which is more troublesome.
3. Bank credit loans: At present, many banks also provide various mobile phone credit loans, with annual interest rates ranging from 8% to 14%, which will be slightly different according to product attributes. In addition, with some repayment methods, the interest is about 15%.
4. Small loan companies: There are already many loan companies with extremely low thresholds in the market. They only need to provide basic personal information, and they can provide loans ranging from thousands to hundreds of thousands. Low threshold will inevitably lead to high interest, and interest plus various handling fees is basically around 24%.
5. Small loan platforms: JD.COM Gold Bar, Bai Jie, Microfinance, Wanda Loan and other formal and reliable platforms all bear interest on a daily basis. The daily interest rate is about 0.05%, and the calculated annual interest rate is about 18%. There are also some mobile phone loan platforms with even higher interest rates, mostly around 36%, and the annual interest rate of some illegal online loans can even be as high as 200%.