Is the interest of ants borrowing more than one yuan to two yuan a day higher or lower than that of banks?

In fact, too many people are misled by this question. Our company is mainly close to borrowing money, so I'll tell you about the interest rate of borrowing money.

If nothing else, put the picture first. This is my own loan amount and interest.

As you can see, the interest rate is 65438+ 0.5 per ten thousand. This daily interest rate, I'll calculate the annual interest rate for you. You can directly know that it is 1.5*365 in 365 days a year, and the final result is 5.475%. In other words, the annualized interest rate is 5.475%.

What the subject wants to ask is that this interest rate is higher than that of the bank. Let me talk about the bank's lowest interest loan mortgage. The state now stipulates that the mortgage interest is 4,9%. In other words, the interest on the loan is higher than the interest on the mortgage, but as I said, the lowest interest of the bank is the mortgage. I didn't say that the interest on all loans is 4.9%. This interest is only for mortgage loans, and other loans do not enjoy this interest. Let's start with what a loan is. Borrowing is an unsecured credit loan. Because only when Alipay pays a certain amount of sesame seeds will it open a loan, not everyone has a loan.

Look at the bank loans in the same period. Let me take Guangfa as an example. Guangfa Caizhijin can also directly borrow Guangfa's app, and the amount of financial wisdom is also 30,000-60,000. Guangfa Caizhijin does not charge interest. The monthly interest rate for other expenses is 6. 1%, and the annualized interest rate is 7.32%.

So it's clear to everyone. I can tell you responsibly that the interest you borrowed from Alipay is low in most products in the same period.

Of course, some banks will also issue loans with very low interest rates under certain circumstances. The interest rate is really low, but we can't get it. There is also borrowing. Not everyone has the same interest. According to everyone's credit level, everyone's loan interest also fluctuates. But if you really need money badly, it's still a good deal to borrow it.

Finally, I want to advise you in a word, don't borrow money to spend anything, spend as much as you have, and borrowing money to spend is overdrawing your life.

Ant borrowing is a loan service launched by Alipay, which is a very convenient way to borrow money online. As long as Alipay officially opens it for you, you can apply for a certain amount of loan (generally up to 300,000, while the bank gives you a credit of 500,000). It should be noted that everyone's quota is different, because the sesame score is different.

So far, not all Alipay users can borrow money by borrowing money. First, you have to open an ant loan. There are still many people who just don't borrow flowers. It is likely that the opening conditions for borrowing have not been reached or reached for the time being. If people who are lucky enough to open ant lending can borrow according to their own needs, how does its interest rate compare with that of banks?

Whether you borrow money from ants under Alipay or from banking financial institutions, you need to pay certain interest. I don't think we can generalize whether the interest of ants is high or not. Sometimes, even if the bank's interest rate is low, it may not be possible to get the loan, and it may be possible to get the money soon. And the way of borrowing by ants can be realized quickly as long as it is an open user.

Generally speaking, the daily interest of ants borrowing is mostly between 0.03% and 0.05%, usually 0.04%. That is to say, the daily interest of 1 10,000 yuan is 10000 * 0.04% = 4, and the monthly repayment of principal is about 10000.

However, the daily interest rate between 1000 and 2000, that is, the daily interest rate is between 0.0 1% and 0.02%, which is obviously lower than the general level of ant borrowing. If it is calculated according to such a loan interest rate range, it is quite cost-effective.

It is worth noting that the interest of ants borrowing money is basically calculated by the average capital repayment method. I believe we all know about the two repayment methods of loans: average capital repayment method and equal principal and interest repayment method, so I won't explain them much.

But it involves the average capital repayment method borrowed by ants. Next, I will talk about the calculation formula and give you a specific case analysis to help you better understand the interest of ants borrowing money.

The calculation formula of ant borrowing repayment method is:

1, monthly payment = (loan principal ÷ repayment months)+(loan principal-accumulated repaid principal) * monthly interest rate.

2. Monthly principal payable = loan principal ÷ repayment months.

3. Monthly interest rate = daily interest rate *30

The case analysis is as follows:

Suppose a customer borrows 65,438+0,000 yuan. According to the daily interest of 4,000 yuan, the repayment period is 65,438+02 months, and the daily interest rate is 0.04%.

Step 1: Calculate the monthly interest rate as 0.04%*30= 1.2%.

Then the principal should be repaid every month = 1000÷ 12≈83.33.

First monthly payment = (1000 ÷12)+(1000-0) *1.2% = 95.33.

Monthly payment for the second month = (1000 ÷12)+(1000-83.33) *1.2% = 94.33.

Third monthly payment = (1000 ÷12)+(1000-83.33 * 2) *1.2% = 93.33.

……

By analogy, the interest paid every month will gradually decrease, and with the monthly payment of 12 months, the final total payment is 1079. 10, of which 79. 10 is the total interest.

From the interest point of view, the daily interest rate of ants borrowing Bai is basically in the range of 3,000 to 5,000, that is, the daily interest rate of borrowing 1 10,000 yuan ranges from 3 to 5 yuan, usually in 4 yuan. At first glance, it doesn't seem too high. But compared with bank loans, the interest is indeed higher.

However, it is not accurate to compare interest rates only from two aspects. Because the bank credit interest rate is not very low for all credit products, but also the annualized loan interest rate 10% or more.

Generally speaking, the interest rates of major domestic commercial banks will not exceed 1 (including 1), the interest rates of other financial institutions are between 1-2, and the familiar P2P platform is always above 2. The monthly interest rate of ants borrowing money is mainly 1.2, which is basically around 1.2.

In contrast, the interest of ants borrowing money should be between banks and other financial institutions, and it is not very high. But it's a little higher than most banks' interest. However, according to the topic between 1 1 and 12000, it means that the monthly interest rate is only 6%, that is, 0.6%. This is even lower than the monthly interest rate of most banks. I believe that the interest of 1-2000 is not much.

In short, ants have a low threshold for borrowing money. As long as your sesame credit score is above 600 and you have a good use record, you can get the corresponding amount of real-name authentication, and you don't need to submit additional application materials. Plus Alipay is a common tool in daily life, and there is no need to download mobile banking or APP separately. Moreover, the review is fast, the repayment is convenient, and some concessions can be obtained. On the other hand, the bank has a high threshold and slow review, which is sometimes not suitable for ordinary users. Ant lending and bank credit are safe and reliable products. How to choose should be decided according to your own needs. For example, if you need money urgently, and the funding gap is small, it is recommended to borrow it with ants. If the loan amount is large and you are not in a hurry to use money for credit investigation, it is recommended to use bank loans, which can save a lot of interest.

If it's 1.5 or two ten thousandths of interest, it's a little lower than the installment of the bank credit card bill.

The ten thousand yuan mentioned here refers to the daily interest rate, while the bank bill installment or cash installment and loans beyond the limit generally refer to the monthly interest rate; Under normal circumstances, the interest rate will be around 60/10000 next month, high or low, depending on whether the bank has preferential activities.

If the daily interest rate is calculated according to two ten thousandths, the monthly interest rate is about sixty thousandths, because the number of days in each month is different; But it is basically the same as the bank's monthly interest rate; This means that if you want to compare the two, you only need to convert them into monthly interest rates for the same period.

In addition, it is the repayment method. Now there is a repayment method of paying interest first and then principal, that is, paying interest first and then principal after maturity; However, the funds given by banks are generally repaid in installments with equal principal and interest; If the repayment methods are different, you can't compare the monthly interest rate, only the annual interest rate.

It is easy to calculate the annual interest rate by borrowing interest first and then repaying the principal. The daily interest rate is two ten thousandths and the monthly interest rate is sixty thousandths. The annual interest rate is 720 per ten thousand; Borrowing 12 months is 10000 yuan, and the interest is 720 yuan; The annual interest rate is 7.2%; This is very low; It is lower than the so-called profit 1 of our traditional private lending. A profit of 1 means that the monthly interest rate is 100. One year is1200; The annual interest rate is 12%.

It is not a simple monthly interest rate multiplied by12; Because you didn't pay back the first installment, you actually didn't use that much money, because you have already paid back part of it; The correct interest rate calculation method for installment repayment is as follows:

Annual interest rate = installment rate * installment months/(installment months+1)*24

If it is the same as borrowing money, the monthly interest rate is 60/ 10000, divided into 12 months, and then the annual interest rate is calculated as follows:

0.6%* 12/( 12+ 1)*24= 13.29%

This shows that the actual annual interest rate of this period is 13.29%!

A simpler calculation method is that the monthly installment interest rate given by the bank is directly multiplied by 22, which is 0.6%*22= 13.2%. It's not very accurate, but it's not too different.

Then, compared with the above, due to the different repayment methods and interest rates, it is still necessary to bring in specific data to accurately calculate the level of the two.

If the ant borrows 10,000 yuan, the interest of one yuan to two yuan per day is slightly higher than the regular bank loan interest rate, but this interest is still good. Let's analyze it.

The interest is 1,000 to 2,000 every day, which is not too high. If you borrow 10 thousand, the interest will be more than one yuan to two yuan a day, that is to say, the interest will be one ten thousand to two ten thousand a day. Two ten thousandths of the daily interest is converted into an annual interest rate of 7.3%, which is still 67.8% higher than the benchmark loan interest rate of 4.35% within one year.

At present, bank loans generally have to rise by a certain percentage on the basis of the benchmark interest rate. Generally, long-term mortgages are about 20% higher than the benchmark interest rate, which is about 5.88%. If it is other loans, the floating rate may be higher, about 30%, and the loan interest rate is about 6.37%.

Therefore, the highest annual interest rate of ants who borrow money every day is 7.3%, which is higher than bank loans, but it is also a relatively suitable interest rate.

Everyone's quota and loan interest rate are different. This is the interest level and quota divided according to everyone's sesame score, consumption and credit rating. Generally, ants borrow money at a daily interest rate of 1.3 million, that is, borrowing 1 10,000, with a daily interest rate of 3 yuan, so the interest rate is a bit high. The daily interest rate is thirteen thousand yuan, which means the annual interest rate will be converted into 10.95%.

This annual interest rate is still much higher than the bank loan interest rate, but if you can't borrow from the bank, this interest rate can still be used in case of emergency. But at such an interest rate, you must never borrow more, otherwise it will be really difficult to pay back.

To sum up, the interest rate of 1 yuan for one-day loan to 2 yuan 1 10,000 yuan is still good, only slightly higher than the bank loan interest rate. Everyone has different interests and quotas. When borrowing money, you must read it carefully before borrowing it, which is also convenient for timely repayment.

Thanks for reading!

My 1 1000 days 1.5, I thought everyone was the same. Some time ago, I found that everyone around me was 3-5, and suddenly I felt that I had a good reputation.

I suggest you take a closer look. The picture shows the interest rate of Alipay.

Is there a lower interest rate than this? /kloc-0.000 cents a year, 36 yuan. 10000 one-year interest 360 yuan interest.

It's almost like usury. Shit. Only 3900. Want 6 awesome

I'll lend you as much as you have, eleven thousand a day. You can see clearly that it is usually 3 to 5 yuan, and one piece a day is similar to sending money.

I have never used a debit card. I checked sometime last year, and it seems that there is only a credit limit of 5000. Seeing this problem, I looked it up and it became a 1 10,000 credit line [covering your face] [covering your face], but the daily interest rate is 2.5, and at least the credit score is 800, which is still so high and boring.