How much is the annual interest of the banyan loan of 5000?

Banyan Tree Loan is a formal and reliable platform with a very strong background. It won't be usury, and the interest rate is within the prescribed range. The interest rate of Banyan loans is not fixed, because there are many cooperative lenders, mostly banks, so the interest rate is almost the same as that of banks. It is difficult to simply explain the interest rate of Banyan loan 5000. You can find clear rules for charging interest in the loan details. 1. At present, there are many loan products in Banyan loans, and the loan financial institutions are different. You can choose a financial institution that has done business before to make a loan. 2. When applying for banyan loan, you can apply for multiple loan products at the same time, which can not only improve the loan pass rate, but also help you find the one with low loan interest.

If there is a demand for capital turnover, I recommend you to use the credit service brand "Qianhua" of Xiaoman Finance (formerly Baidu Qianhua, renamed "Qianhua" in June, 20 18). Big brands are reliable, with low interest rates and trustworthy. Money is spent-full easy loan, the maximum loan amount is 200 thousand, and the daily interest rate is as low as 0.02%

References:

Du Xiaoman has money to spend on official website.

Banyan Tree Loan is a loan supermarket owned by Bai Rong Yunchuang, which is operated by Guangzhou Rong Shu Internet Microfinance Co., Ltd., a wholly-owned subsidiary of Bai Rong Yunchuang Technology Co., Ltd. The banyan tree loan page is displayed as "intelligent recommendation" by users, "5 products and easy-to-loan products are selected from 195 products every day".

On the page of the Financial Observation Group, we can see eight products, namely, Hengyi Loan Extreme Edition, Orange Staging, Willingness Flower, He Yi Loan, Hengyi Loan, Fun Money Flower, Flexible Loan and Kuanla.

We found that among the above eight products, Hengyi Loan Extreme Edition and Orange Staging can be applied directly on the Banyan Loan page, while other products need to jump to the webpage to open.

By studying the loan agreements of products, we found that many of them were not compliant. Take orange staging as an example. The page claims that the rate is 36% per year (the upper limit of interest rate stipulated by the Supreme Law), but in fact, orange staging will also charge information service fees and overdue fees.

The overdue penalty is the current principal *0. 1%* overdue days, and there is no upper limit. Information service fee refers to short message service, big data evaluation service, information consultation service and recommendation service of lending institutions. It is provided to users by oranges in installments, but the specific amount is subject to the actual bill display of APP.

In addition, the orange installment also clearly pointed out that "if all the remaining funds are settled in advance, it will be regarded as a breach of contract." Users need to return all remaining principal and pay liquidated damages to Party B, that is, the current interest amount.