How much is the interest rate of microloan per day for 10,000 yuan?

How much is the interest rate of microloan for 10,000 yuan per day?

Weilidai is a personal credit loan service provided by Tencent WeChat. The interest calculation method is: interest = principaldaily interest ratenumber of borrowing days.

Daily interest rate

Weilidai’s daily interest rate varies according to the borrower’s credit status, generally ranging from 0.05% to 0.07%.

10,000 one-day interest

Assuming that the borrower's credit status is good, the daily interest rate is 0.06%, and the loan amount is 10,000 yuan, the one-day interest on the loan is calculated as follows:

Interest=100000.06%1=6 yuan

Example

For example, a borrower borrows 10,000 yuan. The period is 5 days and the daily interest rate is 0.06%. The total interest is:

Interest=100000.06%5=30 yuan

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