The words of Wesley suddenly caused a commotion among the more than 700 members of the Wade family’s collateral branches!
Although these collateral members of the Wade family are not the top entrepreneurs, they are still much smarter than young people who have no brains to use credit card installments.
Those brainless young people think that it is a very cost-effective thing to pay by installments, but they don’t know that the bank has already thoroughly eaten their mentality.
The interest rate of each installment repayment is six percent.
It seems that 1 year is divided into twelve installments.
They must pay an extra six percent a month, but twelve installments a year is huge!
Relative to the principal of six percent, the annual interest rate for one year installment is 7.2%!
This is just a rough calculation method.
The principal of each installment is decreasing, but the interest rate is calculated on the principal amount at six percent.
If calculated, the actual interest rate even exceeds 13%!
This interest rate, in financial markets, can be regarded as windfall profits.
These members of the Wade family, each of whom has a very close relationship with banks and investors, if they really want to borrow money, they can easily get a large loan with an actual annualized interest rate of less than 5%.
Therefore, when they hear about the installment plan given by Wesley, they can’t help scolding them for their black intentions.
Therefore, someone opened his mouth and said, “Lord Drake…there is still two billion yuan left for me to pay half of my assets. Please allow me a day to transfer the remaining two billion yuan to your account through a mortgage!”
Others also echoed one after another, “Yes, Lord Drake, as long as we are given a day, we can get a mortgage!”
“Please give me more time!”
Wesley said coldly, “It is impossible. Each of you must make up all the arrears within an hour, otherwise you must sign an installment payment agreement!”
These side members of the Wade family suddenly frowned one by one.
At this time, Ronnie Wade blurted out, “Lord Drake, I am willing to pay installments!”
Everyone didn’t expect that Ronnie Wade was the first to give in.
He was about to despise him. Ronnie Wade continued, “I am willing to divide all the arrears into two installments.”
“In two months, I will definitely make up all the money.”
As soon as the others heard this, they patted their thighs.
They were only scared by the six percent installment fee before, but forgot that they could actually choose the minimum number of periods.
If it is divided into two installments, you only need to pay the six percent installment fee two times.
In this way, it will naturally be much more comfortable.
Therefore, a group of people began to make a positive statement one after another.
Some wanted to divide into two installments and others also wanted to divide into three installments.
At most, they are willing to divide them into six installments.
Wesley couldn’t help frowning and guessed the intention of these people in his heart.
They must want to install as little as possible first, and then seize the time to raise funds to fill in the hole in this installment payment.
In this way, they can get rid of the high interest rate trap of installments.
However, Wesley did not know exactly what to stipulate at this time, and Charlie did not tell himself how to make the specific number of installments required on the way of installment payment.
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