How to calculate the service charge of pleasant loan?

Nowadays, there are more and more online loans, but one of them is the service fee that puzzles many netizens. Some online loans are expensive, while others are unclear. Many netizens will give priority to some well-known old platforms when choosing online loans, such as pleasant loans. So how do you charge the service fee for pleasant loans?

In fact, the service fee of pleasant loan is not fixed, and it is calculated according to the loan term. The service fee is different for different loan terms.

The loan term is 12 months, and the repayment can be paid off in 12 months, so the annualized interest rate charged is 10%, and the platform fee is 0.33% per month.

The loan term is 2 years, and it can be repaid in 24 months, so the annualized interest rate charged is 1 1%, and the monthly platform handling fee is 0.284%.

The loan term is 3 years, and it can be repaid in 36 months, so the annualized rate charged is 12%, and the monthly platform fee is 0.235%.

Therefore, the service fee paid by the borrower to pay off the arrears is different in different loan periods.