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Alipay ant flower chant: calculation method of installment interest

Huabei is a lending platform we often use. Do you know the interest rate of Huabei? How to calculate the interest of Huabai? Today, let's get to know these two problems together with Xiao Bian.

How much is the interest

This month's bill, the next month before the specified date of one-time repayment, is not any interest and fees.

Alipay ants spend interest on instalments:

3 months: 2.5%

6 months: 4.5%

9 months: 6.5%

% 8.8 months: 12 months

How to calculate the interest

If the current payable amount is not paid off before the repayment date, the corresponding overdue interest will be generated.

According to the Huabei rule, the maximum interest free time for personal credit is 41 days. If the user is unable to pay off the current amount due before the repayment is due, a certain overdue interest will be generated. The overdue interest is charged daily according to 0.05% of the current outstanding amount. For example, the user will pay 10000 yuan in May, but only 5000 yuan will be paid before May 10, and on May 14 When repaying daily, overdue interest of RMB 10 will be generated, which is calculated on the basis of RMB 5000 & times; 0.05% & times; 4 days.