Borrowing 1 million and earning 110,000 in interest in two months is a pie or a trap

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.

It is recommended to use the money to spend, the money to spend is the credit brand of Du Xiaoman Finance, which provides users with safe, convenient, unsecured and unsecured credit services, and borrows money on the Du Xiaoman Financial APP (click on the official measurement).

With money to spend on consumer loans, the daily interest rate is as low as low, and it has the characteristics of simple application, low interest rate and fast lending, flexible borrowing and repayment, transparent interest and fees, and strong 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.

This answer is provided by Youqianhua, due to objective reasons such as the timeliness of the content, if the content is inconsistent with the actual interest calculation method of the Qianhua product, it shall be displayed on the page of Du Xiaoman Financial APP-Youqianhua Loan. Hope this helps.

The possibility of a trap is very large, first of all, not to mention the suspicion of illegal fundraising and fraud, the interest of 110,000 yuan for two months is equivalent to an annualized interest rate of 66%, far exceeding the upper limit of the country's 24% lending interest rate, that is, even if you and the other party are one-to-one loans, they have signed a contract, you have the other party's IOU and collateral, but if the other party does not repay the money, even if you go to the court, it will not be supported.

If you borrow privately, there is so much interest, the contract will be indicated, take a closer look at the contract, don't borrow blindly!

The interest of borrowing 1 million yuan a month is 3,625 yuan.

According to the bank's latest loan annual interest rate, the interest = principal interest rate time formula to calculate the loan of 1 million a month interest is 1,000,000 * (yuan.

Notes on borrowing:

1. If there is no agreement, it will be regarded as an interest-free loan.

In accordance with the principle of fairness, the lender's right to the proceeds of the loan should be protected.

2. It is not possible to agree that the interest will be included in the principal of the demolition.

The lender is not allowed to add interest to the principal for compound interest.

How to deal with the expiration of the loan contract:

1. After the expiration of the loan contract, the borrower shall repay the loan on time.

2. If you are temporarily unable to repay the loan, you can apply to the bank for the extension of the loan if you can still pay the loan interest.

3. If the repayment is overdue, the lender will demand the loan from the borrower in accordance with the law, and the lender has the right to file a lawsuit with the court and apply to the court to take measures such as property preservation according to the provisions of the loan contract.

4. If there is collateral in the loan contract, the lender has the right to exercise the mortgage right.

5. The lender has the right to request the borrower to compensate for the losses caused by overdue repayment, including but not limited to loan principal, loan interest, overdue interest, etc.

6. After the loan expires, the loan should be repaid in a timely manner, and if the loan is overdue and is entered into the national credit system, it will seriously affect the <> of applying for loans to banks and other credit institutions in the future

Borrow 10,000 yuan a month with 100 yuan interest, interest = principal monthly interest rate The number of months of the loan (calculated on a monthly basis), then 100 = 10,000 * monthly interest * 1, monthly interest = then the interest of one month is 10 percent, that is, one point.

According to the law, if you borrow 10,000 yuan, the annual interest rate of 24% is legal, that is, 20 yuan per month, so 100 yuan interest is high.

Summary. 1,000,000*, that is, the monthly interest rate is 4%.

1,000,000*, that is, the monthly interest rate is 4%.

The annual interest rate is 48%, which is a very high interest rate.

Borrowing 1 million and 200,000 a month is very likely to constitute the following crimes.

Article 175 of the Criminal Law.

Crime of usury on-lending] Whoever, for the purpose of relending to make profits, arbitrage credit funds from financial institutions and transfer them to others at usurious rates, and the amount of unlawful gains is relatively large, a sentence of up to three years imprisonment or short-term detention is to be given, and a concurrent fine of between 1 and 5 times the amount of unlawful gains is to be given; where the amount involved is huge, the sentence is between three and seven years imprisonment and a concurrent fine of between 1 and 5 times the amount of unlawful gains. Cited in 134 cases.

Where a unit commits the crime in the preceding paragraph, the unit is to be fined, and the directly responsible managers and other directly responsible personnel are to be sentenced to up to three years imprisonment or short-term detention.

Hello, there are many platforms that can provide small loans, and the amount is basically between 5 million and 300,000 yuan, which can be applied for through banks, online loans, etc. Although the amount of small loans is lower than other loans, they are very popular because they are fast and flexible in borrowing and repayment. As long as you choose a regular platform, the security of funds and information is guaranteed, and you can use it with confidence.