Of course, the above is just a logical calculation method. Lenders choose different credit products, and financial institutions will implement different loan interest rates. If the lender handles special financing products such as interest-free commercial loans, student loans and provident fund mortgages. Interest needs to be calculated in combination with relevant local policies and bank requirements.
Generally speaking, the bank 12 repayment exceeds 65,438+10,000 yuan, and the interest is still very low. If the lender chooses to submit an application on some online car loan companies or small loan software, the interest of 65,438+10,000 yuan is likely to be higher than that of financial institutions.
In addition, we should also remind everyone that when handling loans, we must keep our eyes open and see if the lending institutions behind us are qualified to issue loans. If you don't have the qualification to issue loans, the system is likely to be an informal platform, so you must be careful when borrowing money!
Which interest rate is lower, borrowing or microfinance? 1, in terms of interest rate.
The daily interest rate for borrowing is 0.0 15%-0.065%, and the daily interest rate for microfinance is 0.02%-0.05%. Similar to the two, the daily interest rate limit of borrowing is lower than that of micro-loan, but the daily interest rate limit is higher than that of micro-loan, and the actual interest rate has passed the system software audit.
2. In terms of repayment methods.
The repayment method provided by loans is equal principal and interest repayment, with interest first and capital later, while the repayment method of micro-loans is equal principal repayment. The interest of these three repayment methods is: average capital repayment method.