Is Ping An Bank’s new loan reliable?

Ping An Bank’s new loan is reliable.

The interest rate of this product is relatively high, with the annualized interest rate starting at 10.8, and the final interest rate is generally between 12 and 16, and it is an equal repayment method of principal and interest, which means the repayment pressure is relatively high.

The principal of this product is repaid in equal installments every month, but the monthly interest is indeed repaid based on the initial loan amount, so it is not a true equal amount of principal and interest, and it is easy to be confused.

"Xinyidai" is a large-amount credit loan under Ping An Bank, with a limit between RMB 10,000 and RMB 500,000. Its products include monthly loans, policy loans, provident fund loans, social security loans, etc., with a comprehensive annual The interest rate is between 13-20.

In short, this loan product has two pitfalls. One pitfall is that the loan principal is constantly decreasing, but the basis for calculating interest remains unchanged, resulting in higher interest as you go forward; the second pitfall is , that is, you have to repay the loan in advance. Sorry, I will charge you a management fee of RMB 5.