Is it normal to borrow 5 1000 with an annual interest of more than 5,000?

58 Good Loan is a formal loan platform. The financial service platform under 58 Tongcheng has a quota of 65,438+10,000 yuan, the fastest arrival time is 30 seconds and the annualized interest rate is as low as 7.2%. The application process is simple, and the approval is simple and fast.

If the repayment cannot be made on time, the borrower's record of overdue repayment will appear in the personal credit report, which will affect the borrower's application for other credit products in the future.

If the user borrows money at 58, it is not allowed to postpone repayment and there is no grace period for repayment. As long as the user fails to repay the loan on time on the repayment date, the customer service staff of 58 Easy Loan will call for payment and ask the borrower to pay the overdue penalty. The calculation formula of liquidated damages is: overdue amount * overdue days *0. 1% interest. I have used several small loan products in business turnover before. In fact, every small loan platform has an internal application entrance, with low interest, convenient payment and high quota! Share it with those in need and scan the QR code below to enter! If there is a demand for funds, it is suggested that Xiaoman Financial's credit service products have money to spend to provide users with safe, convenient, unsecured and unsecured credit services. If you borrow money, you can go to Xiaoman Financial APP (click on the official calculation). The daily interest rate of consumer loans with money is as low as 0.02%, the annualized interest rate is as low as 7.2%, and the maximum repayment is 200,000. The approval speed of Baidu's money is relatively fast, and it can be completed in 30 seconds at the earliest. It usually takes 2-3 working days to review.