How to calculate the interest of particle loan the latest interest calculation method of particle loan interest
4hw.com.cn: micro loan is an online loan platform. It is very personal to provide micro loan business. There are a large number of micro loan users. Many friends are concerned about how to calculate the interest of micro loan. Let's look at the calculation method of micro loan.
How is the interest on the loan calculated
Please polish your eyes and don't be confused by the monthly repayment method of particle loan. In fact, the interest of particle loan is calculated by day, and the interest of one day is calculated by borrowing one day's money. Children and old people are not deceived. This is a good benefit for friends who often use short-term loans. The conventional interest calculation formula of particle loan is:
Total interest = daily interest & times; Loan days = outstanding principal & times; Daily interest rate & times; Loan days
How much is the interest on the particle loan of 50000 a day?
At present, the calculation method of daily interest is adopted for micro loan. The money is borrowed on the same day and the interest starts on the same day. Therefore, the daily interest = outstanding principal * daily interest rate. The loan is 500 million yuan, and the interest on that day = 50000 * 0.05% = 25 yuan.