As we all know, credit lending is not a lending institution, but a financial service software that integrates a large number of loan products. Therefore, the loan interest and expected annualized interest rate corresponding to different loan products on its platform are also different.
Taking pleasant loan as an example, we can know that:
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).
Because different loan products have different interest rates, it is impossible to answer this question accurately. However, we need to remind everyone that we must have a full understanding of the loan products before lending and choose a formal loan platform.