Is 360 IOU reliable?
360 IOUs are reliable, but netizens report that the interest rates on 360 IOUs are on the high side.
According to the official information released by 360, the minimum loan amount for 360 IOUs is 500 yuan, and the maximum limit is 200,000 yuan.
360 IOU official said: 1,000 yuan for 12 months, daily fee starting from 2.7 cents (subject to the approval result). In other words, the daily interest rate for 360 IOUs is as low as 0.027. However, the actual interest rate depends on the borrower's comprehensive qualifications, so when everyone applies for a 360 IOU, the interest rate may be different. Generally, the better the individual's comprehensive qualifications, the lower the approved quota may be.
However, according to feedback from most netizens, the interest rate on 360 IOUs is still relatively high. The daily interest rate that most people apply for and get approved for 360 IOUs is around 0.05 or 0.06, and when converted into an annual interest rate, it is around 18 to 21.6.
If necessary, we recommend you to use Youqianhua, which is a credit service brand under Duxiaoman Financial (original name: Baidu Youqianhua, changed its name to "Youqianhua" in June 2018) , big brands are reliable, have low interest rates and are trustworthy. Money to spend - Manyidai, the loan limit is up to 200,000 (click on the official free test limit), the daily interest rate is as low as 0.02, it has the advantages of easy application, low interest rate and fast loan, flexible borrowing and repayment, transparent interest fees, and strong security and other characteristics.
Share with you the application conditions for Youqianhua: The application conditions for Youqianhua are mainly divided into two parts: age requirements and document requirements. 1. Age requirement: between 18-55 years old. Special reminder: Youqianhua declines to provide consumer installment loans to college students. If you are a college student, please give up the application. 2. Document requirements: During the application process, you need to provide your second-generation ID card and personal debit card. Note: The application only supports debit cards, and the application card is also your borrowing bank card. My identity information must be the second-generation ID card information. Temporary ID cards, expired ID cards, and first-generation ID cards cannot be used to apply. Online loans are risky, so be careful when choosing!
Is 360 IOU reliable?
1. Positive answers
Reliable.
2. Specific analysis
1. It depends on the loan interest rate. After the loan is successfully borrowed, 360 will charge interest from the day the loan is received, calculated on a daily basis until it is paid off. Because everyone has different qualifications, the interest rate is also different. The minimum annual interest rate is 7.2, which is converted into a daily interest rate of 0.02 and a monthly interest rate of 0.6. The minimum interest rate for borrowing 10,000 yuan a month is 60 yuan.
2. It depends on the object of comparison. The annual interest rate of bank loan products generally does not exceed 5, and the monthly interest rate is around 0 or 4. The interest rate for borrowing 10,000 yuan a month is about 40 yuan, so it is the lowest compared with bank products. Compared with the interest rate, the interest rate of 360 IOU is still slightly higher; the daily interest rate of other online loan products is about 5/10,000, and the monthly interest rate is 1 or 5. The interest rate of 10,000 IOU a month is not high at 360 IOU.
Just search: Xiaoqixincha. Click Query and enter information to query your own Baihang credit data. This data comes from more than 2,000 online loan platforms and UnionPay centers across the country. Users can query their own big data and credit status, and obtain various indicators. Query your personal credit situation, Internet black index score, blacklist status, online loan application records, application platform type, whether it is overdue, overdue amount, credit card and online loan estimated credit limit and other important data information.
3. Extended information
How to calculate the interest on 360 IOUs?
Currently, 360 IOUs calculate interest on a daily basis, and the daily interest rate is between 0, 03-0, 05. Because 360 ??IOUs determine the daily interest rate based on the borrower’s personal qualifications, so Interest rates are different for every borrower.
However, you can calculate your own interest by simply using the formula: principal × daily interest rate × number of borrowing days. For example, if you borrow 10,000 yuan from 360 IOU, the borrowing period is 3 months, and the daily interest rate is 0.05, then the final interest that needs to be repaid is 10,000 × 0.05 × 90 days = 450 yuan.
It is worth mentioning that 360 IOUs support early repayment, but under the interest-first-principal loan model, if you repay early, you will need to pay an additional early repayment penalty of 3% of the repayment principal. .
Is 360 IOU loan reliable?
360 IOU loan is reliable, and the interest rate is not particularly high. Currently, 360 IOU uses daily interest calculation, and the general daily interest rate can be As low as about 0.03. If converted according to this, the average annual interest rate of 360 IOUs is about 10.8. Compared with the current bank's daily interest rate for credit card cash withdrawals of 0.05, the annual interest rate for credit card withdrawals is about 18, which is very cost-effective.
1. The meaning of 360 IOU
360 IOU is a personal and small and micro credit platform under 360 Digital (formerly 360 Finance). It was launched in September 2016 and is based on 360 big data. Evaluate customer credit and provide instant consumer loans based on this.
2. 360 IOU takes multiple measures in terms of security and risk prevention and control:
1) Establish user credit portraits. 360 IOU establishes credit information based on sufficient social network relationship data. The system will sort out each user's credit behavior portrait and grade the user's credit limit.
If necessary, we recommend you to use Youqianhua, which is a credit service brand under Duxiaoman Financial (original name: Baidu Youqianhua, renamed "Youqianhua" in June 2018) , big brands are reliable, have low interest rates and are trustworthy. Have money to spend - Manyidai, the maximum loan amount is 200,000, and the daily interest rate is as low as 0.02.