1. Interest is calculated by Principal, Daily Interest Rate and Borrow time. You can check the accrued interest on the page as we show you below.
The interest will be charged for the first time once you borrowed funds successfully.
The accrued interest is updated every hour and will be settled when the borrowers repay.
2. Interest repayment: If you choose to repay part of the loans, the system will repay the interest first until all of the loans have been repaid, and the rest of it will still be charged interest.
3. Interest sharing: The platform will charge 10% of your accrued interest as fees and 5% as the insurance fund.