The interest is neither low nor high. The interest rate of 8% is 280 per month, which is 10,080 in three years.
It is lower than the interest rates of credit cards and WeChat Alipay. Take a credit card as an example. The daily interest rate is 50,000%. A monthly interest rate of 35,000 is 525, and a three-year interest rate is 18,900.
But it is a bit higher than a home loan or a car loan.