Edit: melt 360 finishing
Source: Financial 360
Date: 2014-06-17

Summary:

In private lending, we often hear a point of interest, 2 points of interest to say, how much interest is calculated? If the loan 100,000 yuan according to 2 points interest calculation, how much a year later? 2 分算算 高? What civilians say a few points generally refers to the monthly interest rate. Calculated according to a few percent, 1% interest is 1% monthly interest, 2% interest is 2% monthly interest. The so-called 2-point interest is based on 1 yuan as a reference, that is, every 1 yuan a month to pay 2 cents interest, converted into an annual interest rate is 2% * 12 = 24%. That loan 10 million, according to

AtPrivate lendingWe often hear "one interest rate" and "two interest rates". What is "a bit of interest"? If the loan 100,000 yuan according to 2 points interest calculation, how much a year later?

What civilians refer to as "somewhat beneficial" generally refers to "monthly interest rates." Calculated according to a few percent, 1% interest is 1% monthly interest, 2% interest is 2% monthly interest. The so-called 2 points Lee, is based on 1 yuan as a reference, that is, every 1 dollar a month to pay 2 cents interest, converted intoAnnual interest rateThat's 2% * 12 = 24%. The interest of one year is 10000 * 24% * 1 = 2400 yuan when the loan is 100 thousand yuan. According to the simple profit, the interest of one year is 10000 * 24% * 1 = 2400 yuan; and according to compound interest, the profit after one year = 100000 * (1 + 2% , Interest is 26824.2 yuan.

Contrast found that the compound interest generated is so much, so-called "Lee Rolls-Royce, snowball." However, in general, loans are calculated on the basis of compound interest. Therefore, "2 interest points" is indeed very high.

According to the laws of our country, the interest rate of private lending may be appropriately higher than the interest rate of the bank, but the maximum interest rate may not exceed that of the bankLending ratesFour times. The benchmark annual interest rate for renminbi loans of financial institutions under the People's Bank of China of 6 months to 1 year (including 1 year) is 6.12%, which means that the annual interest rate that private lending can protect is 24.48% and the monthly interest rate that can be protected is 2.04% .

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