Monthly principal repayment = loan principal ÷ loan term.
Monthly interest = loan principal * monthly expected annualized interest rate of the loan.
Monthly expected annualized interest rate = daily expected annualized interest rate ×30
Online business loan is a financial loan service launched by Alipay. It is a pure credit personal business loan with low application threshold. It is reported that as long as the credit score reaches 550 points, you can apply, and different degrees of loans can be obtained according to different credit degrees.
As a loan service, online merchant loan has the longest repayment period of 12 months, and the expected annualized interest rate on the loan day is 0.0 18%. I have to say that the loan interest is really low, which is very low in the current financial products, lower than all the loan products of Alipay. The expected annualized interest rate of the loan borrowed by Ant is at least 0.03%.
At present, online merchant loans support all or part of prepayment, and the prepayment interest of Alipay online merchant loans is 3% of the repayment principal. In other words, the formula for calculating the prepayment interest of Alipay online merchant loans is: prepayment principal ×3%.
For example, I borrowed 6.5438+0 million from an online merchant, and I have already paid back 500,000, leaving 500,000 unpaid. Now I want to prepay 300,000 yuan at one time, so the prepayment interest of Alipay online merchant loan is 300,000× 3% = 9,000 yuan.
Let's use other well-known loan products to see if the interest on prepayment of Alipay online merchants' loans is high.
Micro-loan is a loan product launched by Tencent Weizhong Bank, with a maximum amount of 300,000 yuan and a daily interest rate of no more than 0.05%. It adopts the form of installment repayment, which supports repayment with borrowing, and no handling fee is charged.
Yirendai is also a well-known online lending platform in China, which can provide you with a pure credit loan of up to 200,000 yuan, with a term of up to 48 months, a monthly interest rate of 0.78%- 1.89%, and prepayment interest = residual principal ×0.5%.
Renren Loan is a large-scale online lending platform with many hardcore users. Renren loan can provide you with a loan of 1 0,000-10,000,000 yuan, the longest term is 12 months, the monthly interest rate is 0.78%, and the interest for early repayment is 1% of the principal.
As can be seen from the above, the interest on prepayment of Alipay online merchant loans is still relatively high. Xi Cai Jun suggested that you must think twice before applying for prepayment, in case the loss outweighs the gain.
Is there a refund for the prepaid service fee of pleasant loan?
If the repayment is made in advance, it will be returned to us in proportion.
The upfront service fee will be deducted from the application amount, and will be refunded to us in proportion if we repay in advance.
The upfront service fee is the service fee charged after we apply for a loan and then pass the examination. Simply put, as long as the amount we applied for has been paid, the upfront expenses have been automatically deducted. Therefore, the corresponding amount will also be reduced to a certain extent.
The pre-service fee has been collected and will not be refunded. Unless our borrower repays in advance in one lump sum. At this time, the platform will refund the previous one-time deduction in proportion.
The settlement amount of the borrower's one-time repayment in the current period has been deducted from the amount refunded by the platform. The platform has returned the corresponding amount to it.
If we repay the loan on time, the corresponding upfront service fee will not be refunded. Therefore, when we make a loan, we should clearly know the calculation and deduction of our early service fee.
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Pleasant loan does not need any mortgage or guarantee, and the maximum loan amount is 500,000 yuan. Loans are widely used, which can be used for decoration, buying a house and a car, wedding and other consumer purposes, and can also be used for various legitimate business purposes.
On the pleasant loan website, there are many loan targets, some of which need capital turnover, and some of which pay rent and consumption. Lenders can check the detailed identity and credit records of each borrower on this open and transparent platform, and choose the lending object according to their own preferences.
At the same time, each user must register with his real name and provide proof of identity. The proof of repayment ability submitted also includes personal credit records issued by the central bank.
Pleasant loan adopts the powerful credit risk management system of CreditEase Company and the huge database formed in the past seven years, forming a fine filter to filter out borrowers with poor credit, ensuring that lenders are faced with borrowers with good credit and strong repayment ability, and avoiding investment risks to the greatest extent.
Excuse me, can pleasant loans be repaid in advance? I don't know much about it.
First of all, pleasant loan supports prepayment, but I don't recommend prepayment, because you need to pay prepayment penalty, which is equal to the remaining principal *0.5%. Relatively speaking, it is better to repay on time, and Founder will charge interest. Pleasant loan mainly helps users to choose their own investment and financial management platform by evaluating the risks and benefits of the platform and combining the risk tolerance of users. You know, there is no absolutely safe product, only you can take risks. The "pyramid model" is your investment and financial assistant and knows yourself better than you.
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Pleasant loan supports users to repay in advance. However, when the borrower prepays, in addition to paying the current principal and interest, installment service fee and remaining principal, it also needs to pay a one-time prepayment penalty. Renren Loan is a subsidiary and independent brand of Renren Group, and it is the earliest P2P credit lending platform based on the Internet in China. The loan projects on its platform are mainly composed of credit standard and guarantee standard, and the investment projects mainly include the following two categories: U plan and scattered standard investment.
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