How much is the interest of 10000 yuan? The latest calculation method of interest in 2019
Sihai network: ant borrowed is a loan platform on Alipay, which provides some convenience for the shortage of money users. Many friends are asking how much interest is borrowed by borrowing ten thousand. Let's look at the calculation method of borrowing interest.
Alipay's interest rate
Borrowed money is a loan service for personal consumption launched by ant gold clothing. At present, Alipay's borrowing interest rate range is 1.5 (i.e., annual interest rate 5.475%) - 6 (i.e., annual interest rate 21.9%), the specific interest rate is automatically determined by the system according to the situation of each person, and the labor can not be adjusted, so if you want to get low interest rates, Then we need to use Alipay's products.
Loan repayment method
There are two forms of repayment in Alipay: one is to repay principal after interest. The other is equal principal and interest.
At present, Alipay has only 3 months and 6 months, two terms, so you do not exist for 12 months, at least two times to borrow money.
1. Interest before capital
Take my loan as an example, the daily interest rate is 3.5 per 10000; Assuming that the borrowing time is today, August 19, 2018, the repayment date is the 19th of each month, the borrowing period is 6 months, and the daily interest rate is 3.5 per 10000.
First Repayment: principal 0 yuan + Interest 10000 * 0.035% * 31 days = 108.5
Second Repayment: principal 0 yuan + Interest 10000 * 0.035% * 30 days = 105
Final Repayment: principal 10000 yuan + Interest 10000 * 0.035% * 31 days = 10108.5 yuan
Because the interest is calculated according to the specific number of days, and the number of days in each month will be different (some 30 days, some 31 days and some 28 days), the interest of each month will be slightly different. However, the overall difference is small. If we take the average value, the monthly interest repayment is 106.75 yuan (108.5 + 105), so the one-year interest on the loan is about 1281 yuan. Of course, this is the level of 3.5 per 10000. If it is 6 per 10000, it will not be this number. It will almost double.
2. Equal principal and interest
Equal principal and interest means that you return the same money every month. Monthly repayment includes principal + interest. Borrowing has an advantage, which is different from the bank. As long as you return the principal, the principal already repaid will be deducted when calculating the interest in the next period, so your monthly interest will be gradually reduced.
Still take me as an example. I borrow 5000 yuan (because my quota is only 6000 yuan) at the interest rate of 3.5 per 10000. The term is half a year. The monthly repayment amount is shown in the figure below. The total interest is 189.18 yuan. If it is 10000 yuan, the interest is 189.18 * 2 = 378.36 yuan. In one year, it is 378.36 * 2 = 756.72 yuan. Obviously, the interest of equal principal and interest is less than that of principal and interest repayment first, This is because the principal of each period with equal principal and interest is decreasing.
summary
There is a great difference between different interest rates. We borrow 10000 yuan based on the lowest 1.5 per 10000 yuan (i.e. 1.5 yuan per day). The interest of this year after interest is 1.5 * 365 = 547.5 yuan; Based on the highest 6 / 10000 (i.e. 1.5 yuan per day interest of 10000 yuan), the interest of the current year after interest is 6 * 365 = 2190 yuan. Obviously, getting a good interest rate is totally different from each other, so we still need to use Alipay more.