Ten thousand yuan, 29% interest, one-month interest: 10000X0.29%=29.
10,000 yuan, 29% interest, one-year interest:10000x0.29% x12 = 348.
Extended data:
1, distribution of burden of proof for private lending:
(1) The existence of private lending relationship shall be proved by the lender.
(2) Whether the loan is actually delivered to the defendant and the amount of the loan shall be proved by the plaintiff.
(3) Whether the loan is repaid and the amount and time of repayment shall be borne by the defendant.
(4) If the defendant proposes a private lending relationship, the defendant shall bear the burden of proof.
(5) The legal representative or responsible person of the enterprise signs a private loan contract with the lender in the name of the enterprise.
2, the return of private lending:
(1) Loan repayment period:
The borrower shall repay the loan within the agreed time limit. If the loan term is not agreed or clearly agreed, and cannot be determined according to Article 61 of the Contract Law of the People's Republic of China, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.
(2) Loan extension:
The borrower may apply to the lender for extension before the repayment period expires. If the lender agrees, it may be extended.
(3) The repayment order of loan, interest and expenses:
If the borrower should pay interest and expenses in addition to repaying the loan, when the payment is not enough to pay off all the debts, and there is no agreement between the parties, it shall be offset in the order of relevant expenses, interest and loan for realizing the creditor's rights.
3. Should the online loan platform bear the guarantee responsibility?
(1) In case of no guarantee liability:
Lenders and borrowers form a loan relationship through an online loan platform, and the provider of the online loan platform only provides media services.
(2) The situation of undertaking guarantee liability:
The provider of the online loan platform expressly provides a guarantee for the loan through web pages, advertisements or other media, or there is other evidence to prove that the lender requests the provider of the online loan platform to assume the guarantee responsibility.
Baidu Encyclopedia-Interest
Baidu encyclopedia-private lending