What is the interest rate for millet loans?

"Millet loans" officially began to test, the users involved without a mortgage can quickly obtain credit loans. It is for all millet users, through the user behavior to evaluate the credit, and then open the loan to the public test users. This is also the millet finance this year launched the third Internet financial products. Previously, Millet Finance has launched a current and millet fund treasure

The interest calculation of millet loan

The millet loan rate is calculated at 0.05% per day. Interest is calculated from the day the loan is issued and the repayment day is not paid.
If you already have the principal or interest overdue, the late part of the principal or interest of the overdue interest rate is 1.5 times times the normal loan rate, that is 0.075% per day.

Millet Loan Repayment Day

10th per month for millet loan repayment Day, your month 1-31 days to apply for successful loans, the month of October for the loan of the first repayment date, and so on, each loan up to 6 period. If you have more than one loan, the repayment date will be calculated on all the same day, that is, the repayment date of the amount should be.

Millet Loan Repayment method

The millet loan currently supports six-issue loans. The repayment method is the monthly interest, the expiration repayment. That is, the first 5 of the 6-period loan only needs to pay the interest accrued on the loan, and the last 1 period will cover the last one months ' interest and the loan principal.

Can the millet loan be repaid in advance?

From the day after the success of the loan, you can pay ahead of time. The interest shall be calculated in the number of days used up to the date of repayment.

How to repay the millet loan

On the day of the monthly repayment of 10th, you can return the current loan through the loan home page-The repayment button of the repayment plan.

What will happen to the millet loan overdue repayment

If you do not return the loan at the stipulated late repayment period, the penalty is calculated the following day. The penalty interest rate is 1.5 times times that of the loan interest rate, and it will affect your credit. Please be sure to repay the loan before maturity or recharge to the corresponding bank card, so as not to affect your credibility. If due to special reasons can not be repaid on time, please contact our customer service in advance to provide help