The income from eggshell explosion in the north for 20 years has been wasted. Are you caught in the digital game of the lending platform?

Cats, dogs, skin care, hair loss prevention, medlar soaking in thermos cups ... It's really difficult for young people nowadays, which one doesn't need a lot of money. There are too many things to buy and too little money on hand. So borrowing money is inevitable.

There are many "lending platforms" on the Internet. Studying the interest rules of these lending platforms can make us lose all our hair.

So which platform is cheap to borrow money? Is there any way to unify them and compare them? The answer is yes, compare it with the actual annual interest rate. Let's take a look at the comparison of lending rates of the most popular and reliable platforms.

If you buy a 2000-yuan product from the Internet and pay for it with ant flower buds, by the end of the month, you will use the flower buds to divide the money into stages. The total handling fee for the third phase is 2.3%, the sixth phase is 4. 1%, and the second phase is 7.9%.

Let's take 12 for example. Is the actual annual interest rate 7.9%?

The annual interest rate means that when you borrow 2000 yuan, you have to pay 2000*7.9%= 158 yuan interest at the end of the year. But here, you have paid back the money in 12 installments in advance, so the actual annual interest rate is higher than 7.8%. So how should the actual annual interest rate be calculated?

To calculate this value, we must first understand what is "loan interest".

We know that money is valuable in the time dimension. The essence of interest is the value of capital in time dimension, and interest rate is the ratio of value above this time.

In other words, when you borrow money, you have to repay the principal and interest, because when you borrow money, it means transferring the time value of a sum of money, and you need compensation. Here we pay in installments, so the money we pay back in advance is actually worthless for the rest of the year.

Our actual funds from the last phase to the first phase are 2000 *112, 2000 * 2/12 ... 2000 *12/.

But this value is the monthly conversion of capital occupation, so the annual conversion is 2000*78/ 12/ 12. The actual annual interest rate = bank interest/capital, that is, 2000 * 7.9%/(2000 * 78/12/12) =14.58%. In fact, the real installment interest rate is 14.58%, almost twice that of 7.9.

Now, deduce a formula.

Assuming that the total loan amount is m, * * * is divided into n installments, the handling fee for each installment is a%, and the actual annualized interest rate is b%, the calculation is as follows:

"1" from the last period to the first period, the actual bank funds occupied in each period are 1m/n, 2m/n, ..., nm/n, * * n；;

"2" means that the total amount of bank funds (months) occupied is m/n+2m/n+...+nm/n, that is, (1+2+...+n) m/n, and the sum of simple series is simplified to (n+ 1)m/2.

"3" n * * repayment of bank interest is m * a% * n；;

"4" The actual annualized interest rate is b% = a% Mn/m (n+1)/212, which is simplified to b = 24 * a * n/(n+1);

So the actual annualized interest rate = installment fee rate/(installment number+1)*24 = single installment fee rate * installment number/(installment number+1)*24.

Then we use this formula to calculate that the interest rate in Bai Hua is 13.80% in the third phase, 14.06% in the sixth phase and 12 in the second phase.

Alipay can borrow money from its own account. There are two forms of repayment: equal monthly payment and paying interest first, that is, paying interest first and then paying principal. The daily interest rate of both repayment methods is 0.05%.

Let's take a look at the "equal principal and interest repayment method", which is divided into 3, 6, 9 and 12 installments.

After you borrow money, you can transfer it to the balance of your bank card or Alipay. This kind of loan is more free to use, unlike Bai Hua, which pays back the money after buying it.

We also found that there is a notice at the top of the loan page that users can use the money for personal consumption and daily turnover, but not for investment and financial management. Then there are options at the bottom of the loan purpose. The loan purpose is only for users to choose, and there are only a few consumption scenarios to choose from.

There are two repayment methods, one is equal monthly payment, and the other is to pay interest first. Let's calculate the actual annual interest rates of these two repayments respectively.

Equal monthly payment is similar to Baihua, but the calculation method is not so clear. Explain that the calculation method of total interest is the daily interest rate of 0.05%*365= 18.25%.

However, in actual calculation, its total interest is far from this value, and Alipay APP can't find a complete method to calculate interest rates.

One thing is certain: on the same day and in the same installment, the ratio of borrowed funds to interest is equal. In other words, no matter how much money you borrow, the interest rate under the same installment is fixed.

The repayment date of the loan is fixed every month, which is 10, that is to say, it only takes about 25 days for you to borrow on 15 in the middle of the month. We calculate it as three months, six months, 12 months. The following results are obtained.

The second repayment method is "the repayment method of paying the principal first and then the interest". The total interest is calculated by multiplying the borrowing time by the daily interest rate of 0.05%, and the annual interest rate is 0.05*365= 18.25%.

However, we found that by doing so, the interest was repaid in installments, which made our principal slightly reduced. If we assume that the principal is repaid with interest, then in the process of each repayment, our principal actually becomes less, but the amount of this reduction is even smaller.

However, the final interest should indeed be greater than 18.25%, and it is estimated to be around 19%.

So as soon as we enter the loan page, the default option is to repay the interest first. In this way, users don't have to prepare a lot of money every month, and Alipay can get higher returns.

Why is the loan interest rate of ant flower buds lower than that of borrowing flowers?

Because there is a problem involved here: "cash loan and consumer loan".

The so-called "cash loan" is the loan cash, which the lender may use for consumption or investment and wealth management. Its direction is uncertain, and the flow of funds is uncertain.

However, "consumer loan" is a loan determined for consumption, the flow of funds is determined, and the use scenario is determined.

According to statistics, the bad debt rate of cash loans is above 20%, while the bad debt rate of consumer loans is between 1%-5%.

Therefore, in order to promote economic development, China encourages consumer loans, but not cash loans. The regulatory authorities have a strict regulatory attitude towards cash loans, but they are more relaxed and even encouraged towards consumer loans with clear capital whereabouts.

Then, the ant flower garden is a user who spends money and lends money when spending money. The user's loan direction is clearly consumer loans, so the risk of flower buds is relatively low, and the national regulatory authorities are more assured.

Borrowing is biased towards cash loans, which is risky, so its loan interest rate is relatively high. Borrowing money reduces this risk through user data. For example, if you borrow money to choose Alipay balance, Alipay can know your cash flow direction.

So you see the broadcast of Alipay's loan page, as well as the loan option, all of which are the direction of consumer loans, in order to monitor and limit the flow of users' funds.

Once the flow of funds selected by the user is inconsistent with the actual situation, it may reduce the user's sesame credit score and stop issuing loans. These are all measures to reduce risks.

The loan classification of JD.COM Baitiao is consumer loan. Users can lend money immediately after purchase, but if users use flower buds, they can't use them until the end of the month.

The calculation method of its interest rate is to add the fixed service fee and the interest rate of each period. Its service fee and interest rate calculation method are more complicated, but it is the same as Alipay's loan. No matter how much money you borrow, the ratio of interest to principal is the same. So we can still use the previous formula. The following table is used to calculate the actual annual interest rate.

Compared with Alipay, the interest rate is slightly higher, so why is this happening?

This may be related to the sources of funds of Alipay and JD.COM. Alipay funds come from asset securitization and funds obtained from the securities market. Most JD. COM is funded by suppliers.

Internet financial lending has developed rapidly, and Meituan has also opened a payment business. Meituan has two payment services, monthly payment for Meituan and living expenses for Meituan.

0 1 Meituan Yuefu

The monthly donation of the US Mission is an ant flower garden, and the living expenses of the US Mission are borrowed. It's especially easy to open a monthly donation for a US delegation. Enter the ID number and mobile phone number to open it immediately. Repay on the 8th of each month. If you don't repay, you can repay by installments.

When we order takeout, if the monthly payment function is turned on, Meituan's payment method is above Alipay, which is also a plan to encourage users to use Meituan's monthly payment. Because of the new monthly payment function, there is no way to calculate the actual annual interest rate of monthly payment. It is estimated that it is actually similar to Alipay.

02 meituan living expenses

The living expenses of the US Mission will be directly credited to the bank card. The object of the US Mission's living expenses is ant borrowing, and its slogan is to borrow money for 1000 days with an interest of 50 cents. So what's its annual interest rate? We calculate the following table:

We find that its actual annual interest rate is around 18.25%, which is higher than the monthly repayment interest of the loan.

China Merchants Bank has launched a cash loan business, which is similar to the cash loan above.

China Merchants Bank is a traditional joint-stock bank with stricter supervision than Internet finance.

Its loans are also credit loans, that is, users lend with their own credit as collateral. The amount is slightly higher than that of the general Internet. Borrowing time is also longer than internet finance. We calculate the converted annual interest rate as follows:

We found that the actual annual interest rate of cash loans of China Merchants Bank is relatively low.

Despite the rapid development of internet finance, traditional banks are still the main body of modern finance, whether from the regulatory level or from the credit level. Banks have a complete credit rating and risk control system, which is the accumulation of the industry, the moat of traditional banks, and incomparable to the rapidly developing Internet financial institutions.

The breakdown of consumer loans of China Merchants Bank is more accurate, which is determined according to the business type and credit status of the application.

Different consumer goods have different loan interest rates. China Merchants Bank is strictly controlled by the state and fluctuates according to the benchmark interest rate announced by the state, so I won't go into details here. Generally speaking, the interest rate is relatively low.

The interest on all loans is calculated as follows:

We have calculated the expenses, loans and JD.COM of Alipay. COM, as well as the living expenses of the US Mission. We found that there are two mainstream lending methods in the market: consumer loans and cash loans.

Consumer loans are loans issued when consumption occurs, and the interest rate is relatively low, around 15%. Cash loans are relatively high, around 18.25%.

If you need a consumer loan, Alipay Flower Garden is the most suitable, and if you need a cash loan, China Merchants Bank is the most suitable.

The advantages of traditional banks in lending are still obvious. If you don't know which platform to borrow money from, whether it is interest rate or reliability, traditional banks are a good choice.