360 IOU is a personal line of credit product launched by Qihoo 360, and its interest calculation method is different from other loan products. As far as I know, the interest on 360 IOUs is calculated based on factors such as the borrower's credit rating, the term of the loan, and the amount borrowed.
Generally speaking, the daily interest rate of 360 IOUs is about 5/10,000, that is, if you borrow 100,000 yuan, the daily interest is about 50 yuan. The exact amount of interest will vary depending on individual circumstances. In addition, it should be noted that the interest calculation method of 360 IOUs is more complicated, and borrowers need to read the relevant terms and precautions carefully to avoid unnecessary misunderstandings and disputes.
In addition to how interest is calculated, borrowers need to be aware of other fees for 360 IOUs. For example, some platforms will charge certain service fees, management fees, and other fees, which also need to be included in the cost of borrowing. Therefore, when choosing a loan platform, borrowers need to consider various factors to choose a loan product that is suitable for them.
In general, the calculation of interest on 360 IOUs is more complicated, and the specific amount of interest depends on individual circumstances. If you need to borrow, you are advised to read the relevant terms and notes carefully to better understand the cost of borrowing and the repayment plan. At the same time, it is also necessary to pay attention to choosing a formal loan platform to avoid the risk of encountering non-performing loan products such as loan sharks.