Is it too high to borrow 7,000 in 12 installments with a total interest of 2,560? Thank you very muc

1. Lending institutions can be divided into two categories: those that are on credit and those that are not. On the credit of the online loan, all the data will be uploaded to the personal credit report, and you can bring yourself a credit report record by applying once.

For online loans that are not on the credit report, the data will be uploaded to the online loan data center, and such data will not be uploaded to the credit information center, but will only be used for mutual review by various online loan platforms. In the case of applying for too many online loan platforms, users will become "black households", and it is very difficult to pass the review of online loan platforms. Therefore, long-term online loan applicants need to pay attention to their online loan data reports at all times to prevent blind applications from becoming black investors.

2. If this type of online loan is overdue for non-compliance, it will have no impact on your personal credit status, but the online loan record will remain in the online loan big data. Search from WeChat: Blue Ice Data, view your online loan history, online loan overdue details, debt status, dishonesty information and online loan blacklist and other information, as well as professional report interpretation and pertinent optimization suggestions.

3. Among them, you can distinguish whether you belong to a black household based on the Internet black index.

In addition, the hit risk reminder can better help users find their own shortcomings and improve the pass rate of online loan approval.

Throwing the slam off the squirting slab and stirring it up, stirring it up with the chimney, throwing it at

According to the interest rate formula, it can be obtained: 2560 7000 * 100% = This interest rate exceeds the limit of the national definition of usury, and the annualized interest rate is very high, which can be called usury.

Of course, it's very high, in fact, there are a lot of online loans, you can't find someone to calculate, and you can't borrow more than 20%. You have to know a simple calculation, for example, the fixed term in the bank, which means that the annual interest of 10,000 yuan is 275 yuan. In this way, if you compare 7,000 yuan a year, it will cost 2,560 yuan, and if it is more than 10,000 yuan.

7000/2560=10000/x

x=10000×2560÷7000

The annual interest rate is as high, which is illegal lending, that is, usury, and you can report it.

First, sort out your loan details. Distinguish between formal and informal, formal priority repayment, and informal first delay.

Second, find a bank loan, the bank's interest is the lowest, and your future repayment pressure is also the smallest. As for the irregular ones, if you have the money to pay it back, you don't have the money to forget it.

Enter the information to query their own credit data, the data comes from more than 2,000 online loan platforms and UnionPay centers across the country, users can query their own big data and credit situation, can obtain various indicators, query their own personal credit situation, online black index score, blacklist, online loan application records, application platform type, whether overdue, overdue amount, credit card and online loan credit estimate and other important data information. "

As long as it does not exceed 24% APR, it is legal.

Nowadays, formal online lending institutions are linked to credit reporting, and do not affect personal credit reporting after overdue.

It is recommended to obtain a credit report of yourself on the in-depth investigation data, check the overdue record, and repay the loan as soon as possible.

The annual interest rate of the loan is that the interest rate exceeds the upper limit of the prescribed interest rate, which is usury, and the part exceeding the upper limit is not protected by law.

Provisions on interest rate caps: New regulations in September 2020: The borrowing interest rate shall not exceed four times the one-year loan market** interest rate LPR (for 1-year tenors announced from April 2020 to the present, four times is. The specific calculation is as follows:

Let the APR r and the monthly interest rate r be 12, then there is:

Monthly repayment = 12000 * r 12 * (1+r 12) 12 [(1+r 12) 12-1]=

r=rate(12,,12000)*12=Description: 12 is to the 12th power.

The interest is calculated according to the equal principal and interest method of the 12-month product, the interest rate is 10%, and the available interest = 2400 * 10% * 12 12 = 240 yuan, and the interest is calculated from the day when the borrower fills the bid.

If you take a loan of 5,000 yuan and repay 7,150 yuan in a year, then the annual interest rate is 43%, which is usury, and you only need to repay the principal and a reasonable interest part.

Usury. Although China's law clearly stipulates that "legal lending relationships are protected by law", not all private lending is protected by law.

Next, I will give you some common sense about private lending, I hope you can clearly grasp it, so as not to fall into the trap.

1. Only legitimate private lending is protected by law.

If you lend money to him knowing that the other party is borrowing money for illegal purposes, not only will you not be protected, but you will also be punished by relevant laws.

If the lender takes advantage of the danger of others and uses fraud, coercion or other means to make the other party borrow against his will, the responsible lender can only recover the principal.

2. How to calculate the interest of 1 cent on private loans.

Usually the monthly interest rate of 1 cent is 1%, the annual interest rate is 1% * 12 = 12%, borrow 10,000 yuan, 1 year interest 1200 yuan;

The annual interest rate is 1 cent, which means that the annual interest rate is 10%, borrow 10,000 yuan, and the interest for 1 year is 1,000 yuan.

3. How to define usury.

In fact, usury is just a conventional word, and there is no explicit provision or explanation for the legal corps.

Therefore, it is actually difficult to define, at the beginning, it is compared with the bank loan interest rate, which is generally 4 times higher than the bank loan interest rate in the same period, which is usury and is not protected by law.

The latest definition is based on the 2015 SPC's Provisions on the Trial of Private Lending Disputes, which contain two key figures to keep in mind: 24% and 36%.

For example, if Lao Wang asks you to borrow money, and the annual interest rate is not more than 24%, and then Lao Wang cheats and does not repay the money, you go to the court to sue him and ask for the return of the principal and interest, and the court supports it.

If the agreed annual interest rate is 30%, then it is different, and the court will not support the part exceeding 24%, but if it has been paid before, the court will not interfere.

If the agreed annual interest rate exceeds 36%, it is a so-called usury, and the court will invalidate the excess interest.

However, in reality, many loan shark companies will mostly take the name of handling fees, or yin and yang contracts, and make the loan contract below 36% interest to avoid future loan disputes, so you need to be very careful!

4. There are three situations to pay attention to.

Finally, there are three situations to pay attention to (especially when writing IOUs): if there is no interest agreement in advance or the agreement is not clear, it is regarded as an interest-free loan;

Early repayment, unless otherwise agreed, interest will be calculated according to the actual loan period; The interest is included in the principal to calculate compound interest, that is, the interest rollover, which is not protected by law.

As long as you repay your principal of 5,000 yuan, and there is a reasonable interest to pay back, you can make a splash.

For example, I also researched it when I was just bidding, and I just understood that for example, 3,000 yuan, 23% annual interest rate, borrow for 6 months, and repay it monthly.

1.The amount of the principal that needs to be repaid each month is:

2.The interest totals to:

Then the interest part needs to be repaid every month: =

Because Paipai Loan is repaid on a monthly basis, in 6 months, after repaying 1 6 of the principal at the end of each month, the interest will no longer be calculated on the part repaid.

Hello, now there are so many platforms that can provide lending business, you can apply for bank loans through mortgages, and a more convenient way is to apply for personal credit loans, it is recommended that you choose a formal platform when applying for a loan to better protect your personal interests and information security.

Share with you the application requirements for consumer products with money: it is mainly divided into two parts: age requirements and information requirements.

2. Information requirements: During the application process, you need to provide your second-generation ID card and your debit card.

Note: Only debit cards are supported, and the application card is also your debit card. My identity information must be the second-generation ID card information, and I cannot use a temporary ID card, an expired ID card, or a first-generation ID card to apply.

The principal repaid each month is: 1000 6 = yuan.

The interest repaid each month is RMB.

60 1000 = 6% per month.

Interest is six percent per month. Very high!!

Normally, the interest is indeed a bit high. I borrowed 5000 from Paipai Loan