Momo Loan provides a safe and reliable loan platform for everyone, and also provides cash installment for college students. It is an intimate lending software, so is the interest of Momo loan high? Let's introduce the interest of the loan in detail.

1. Is there a handling fee for borrowing money?

There are fees and interest on loans.

Second, how much is the handling fee?

The loan handling fee is 5% of the total loan amount.

3. What's the interest?

Interest will vary according to the borrower's credit rating and the number of installments, and the expected annualized interest rate of monthly payment is between. For example, the loan is 5,000 yuan, divided into six installments. After deducting the handling fee, it is actually 4,750 yuan, and the repayment in each installment is between 870 and 888 yuan.

4. What is the credit rating? How do you evaluate it?

The credit rating is divided into four grades: ABCD. The higher the rating, the lower the expected annualized interest rate of the loan. Credit rating is based on an individual's comprehensive credit level, which mainly includes personal qualifications and historical credit behavior.