; ? With the development of society, the debt level of residents is getting higher and higher, and more and more people begin to make up for the funding gap through loans. However, most people don't know much about loans, and they don't know whether the high annual interest rate of loans is illegal. Today, I will take you to learn more about the annual interest rate of loans.
The annual loan interest rate of formal commercial banks will generally refer to the benchmark loan interest rate announced by the central bank, and the annual loan interest rate will not be very high. The annual loan interest rates of consumer finance companies, private lending companies and online lending platforms are determined by them.
In order to let everyone know how high the annual loan interest rate is, let me introduce the loan interest rate of the mainstream online lending platform.
1, pleasant loan
Pleasant loan is a successful online loan platform listed in the United States. The monthly interest rate can be as low as 360 IOUs.
360 IOUs are the online lending platform of 360 companies, and the daily interest rate can be as low as 9.855% per annum. 3. Ping An Pratt & Whitney.
Ping An Pratt & Whitney is the online lending platform of China Ping An. The daily interest rate is generally the annual interest rate of the loan. It is not difficult to see from these well-known online lending platforms that the annual interest rate of online lending is around 10%. According to China's laws, loans with an annual interest rate of over 36% belong to usury, which is totally illegal.
The above introduces some knowledge about the annual interest rate of loans for your understanding.
I borrowed 20,000 yuan from pleasant loan and paid back 2037 yuan every month for one year. Excuse me, is this usury
The interest is 4444 yuan, and the interest rate reaches 22.22%, which is not usury. If you don't pay it back, it will affect your personal credit record, and at the same time, you will be urged by the other loan company and sued.
The total repayment of principal and interest is 12 *2037 yuan, and * * * is 24444 yuan.
Interest = paid amount-principal =24444-20000=4444 yuan.
Interest rate = interest/principal =4444/20000=22.22%.
Extended data:
Private individual lending activities must strictly abide by the relevant provisions of national laws and administrative regulations, and follow the principles of voluntary mutual assistance, honesty and credit. In private individual lending, the lender's funds must be its own monetary funds belonging to its legitimate income, and it is forbidden to absorb other people's funds and transfer them to others for lending.
Folk usury refers to the lending behavior without banking financial institutions and with an annual interest rate higher than 24%.
According to Article 26 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases:
If the interest rate agreed between the borrower and the borrower does not exceed the annual interest rate of 24%, and the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it.
The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid. The people's court shall support the borrower's request to the lender to return the part of the interest paid that exceeds 36% per annum.
People's Court of Shenqiu City, Henan Province-Provisions on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases
Interest on pleasant loans exceeds national regulations.
Yirendai (NYSE: YRD) is an online financial service platform in China, which was launched by CreditEase on 20 12. Yirendai provides credit loan consulting services for white-collar workers in China through the Internet, big data and other scientific and technological means, and provides financial consulting services for investors through the online platform of Yirendai.
Tips:
1. The above contents are for reference only and do not make any suggestions.
2. Borrowing is risky. Please choose carefully. If you need funds, you can also handle them through our official channels. Ping An Bank provides unsecured credit loans, as well as mortgages and mortgage loans for houses and cars. Different loan application conditions and requirements are different. Whether the examination and approval can be successful is evaluated according to your comprehensive qualifications. For details, please log in to Ping An Pocket Bank APP- Finance-Loan and try to apply.
Reply time: 202 1-08-3 1. Please refer to the latest business changes announced by Ping An Bank in official website.
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How much is the interest on pleasant loans?
; ? When it comes to loans, besides the safety of loans, people are more concerned about interest. The interest rate is too high, the repayment pressure is high, and the interest rate is too low. I am afraid it is a fraud company. Many netizens asked about the interest of pleasant loans. So, let's have a look!
The expected annualized interest rate of pleasant loans is different, and the interest rates of different lending products are also different. Taking elite loan as an example, the following explains how the lender's expected annualized expected income is calculated under the condition of "equal principal and interest" repayment (rounding is adopted in the calculation).
The loan amount is RMB, the expected annualized interest rate of the loan year is 12%, the loan term is 36 installments, and the expected annualized interest rate of each month is/12= 1%.
Interest = the remaining principal of the previous period x the expected annualized interest rate, and the remaining principal = the remaining principal of the previous period-the principal collected in the current period (the remaining principal of the zero period is the original loan amount).
The lender in the first 1 period receives interest yuan (× 1%), principal yuan, residual principal yuan (× interest yuan charged by the lender in the second period (× 1%), principal yuan and residual principal yuan (× interest yuan charged by the lender in the third period (× 1)).
Because the calculation of the previous period is rounded off, the interest of the previous period is slightly different from the calculation result (the actual interest of the 36th period is RMB, and the calculated interest is RMB).
Generally speaking, the interest on pleasant loans is relatively normal. It is believed that when people choose loan products, they should not only pay attention to the expected annualized interest rate, but also choose products that suit them, so as to borrow reasonably.