How much is the interest rate of Weili Loan per year?

The annual interest rate of Weili Loan is 18.25%~26.95%, and the calculation formula is: Interest = Loan Principal × Annual Interest Rate × Loan Term. For example, if you borrow 10,000 yuan for one year, the interest is 2,628 yuan, and you need to repay a total of 12,628 yuan.

What is the interest rate of Weilidai per year?

Weilidai is a consumer finance platform under Tencent. Its loan interest rate is Calculated according to the loan term and loan amount, the specific interest rate varies from person to person.

Specific interest rate calculation method:

• Daily interest rate: 0.05%~0.074%
• Annual interest rate: 18.25%~26.95%

Calculation formula:

Interest = loan principal × annual interest rate × loan term

Example:

Suppose Xiao Ming borrows 10,000 yuan with a term of 12 months:

• Daily interest rate: 0.06%
• Annual interest rate: 21.9%
• Interest = 10,000 × 21.9% × 12 = 2628 yuan

Therefore, Xiao Ming borrows 10,000 yuan for one year from Weilidai, with an interest of 2,628 yuan, and the actual repayment amount is 10,000 2628 = 12,628 yuan.

It should be noted that:

• The actual interest rate may vary depending on factors such as personal credit status, loan term and loan amount.
• Weilidai may also charge other fees, such as early repayment fees and penalty interest.
• Borrowers should carefully understand the relevant terms and fees, act within their capabilities, and avoid over-indebtedness.

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