I just got a text message. Can you believe an unsecured small loan with a monthly interest rate of 3%?

At present, many so-called financing guarantee companies can make such unsecured small loans, and the interest rate is much higher than the interest rate announced by the state. In fact, it is usury. You can calculate that the monthly interest rate is 3% and the annual interest rate is 36%, which is 7-8 times higher than the normal interest rate. Except that you have an urgent short-term loan for a day or two, you can pay it back immediately after use. If the loan takes a long time, never choose this way to borrow money. I hope I can help you.