The longest repayment period of online merchant loans is 12 months, and the daily interest rate of loans is 0.0 18%-0.045%, which can be repaid as you borrow. Compared with other loan products, the interest rate of online merchant loans is very low, which is lower than that of all Alipay loan products, and the daily interest rate of loans borrowed by ants is as low as 0.03%.

The total annual interest of Alipay online merchant loans is 348. 15 yuan, with monthly repayment principal = loan principal ÷ loan term, monthly interest = loan principal * loan monthly interest rate, and monthly interest rate = daily interest rate ×30.

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