In other words, to pay off the loan of100000 yuan in one year, according to the annual interest rate of 7.82%, it is necessary to repay the interest of 7820 yuan. If you choose the second repayment method, you only need to pay interest 1 1.67 yuan within 0 months, and 10065 1.67 yuan in the last month.
At present, the maximum loan of "Puyin Point Loan" can reach 300,000 yuan, the longest loan period is 1 year, and the loan is on demand, and the daily interest per 10,000 yuan is only about 1.3-2.3 yuan. You can choose two repayment methods: equal principal and interest and installment repayment. In other words, compared with the "standard price" of credit cards or the daily interest rate of some Internet financial products of 0.5%, the interest expense can be reduced by more than half. In addition, the repayment method of paying interest only once a month and repaying the principal at maturity is provided, and there is no handling fee for the whole process and early repayment.
The expected annualized interest rate is 7.82%, that is, the loan 1 ten thousand yuan, the annual interest is 7820 yuan, and the monthly interest is 65 1. 67 yuan. 7820 yuan/12 equals the monthly interest.
Puyin Point Loan is the first Internet consumer loan product of Shanghai Pudong Development Bank. It is pure credit, all online, and you can borrow money with your fingers. 1-5 minutes for funds to arrive. Applicable customers of Puyin Integral Loan: 1, salaried customers; 2. Housing mortgage customers; 3. Wealth customers; 4. Other bank mortgage customers.
It is reported that based on the integration and application of big data, Puyin point loan has established four major operating mechanisms, including online automatic operation, eliminating all labor and operating costs, which is part of the reason why users do not need to pay higher interest costs for convenience.
The above is an introduction to the interest rate and interest of Puyin integral loan of Shanghai Pudong Development Bank, which shows that the interest rate of Puyin integral loan of Shanghai Pudong Development Bank is much lower than other loan interest rates. This is a good cash credit product.