1, like a formal institution. The annual interest rate is around 20%. For example, if you borrow money from a bank credit card or Alipay, the daily interest is basically five ten thousandths, the daily interest is 1000*0.0005=0.5 yuan, the monthly interest is 30*0.5= 15 yuan, and the annual interest rate is 15 yuan * 65438+February.

2. Like more formal financial institutions, the annual interest rate does not exceed 36%, and the monthly interest of 1000 yuan does not exceed 1000*36%/ 12=30 yuan.

3. Like informal financial institutions, the annual interest rate exceeds 36%. According to online statistics, the average annual interest rate is between 50%- 150%. 1000 yuan, the monthly interest rate exceeds that of 50 yuan or even 1000 yuan. For example, the listed company 5 1 credit card, usury, routine loan, beheading fee and violent collection have all been seized by Hangzhou police recently.