Is the loan platform service fee guarantee fee legal?

Legal analysis: illegal. The formal platform does not need these two payments, and the interest cannot be withheld from the loan principal. Lenders who collect service fees in handling business may be investigated for criminal responsibility on suspicion of routine loans. Therefore, if the lender charges a service fee, there is a certain legal risk.

Legal basis: Article 680 of the Civil Code of People's Republic of China (PRC) prohibits high-interest lending, and the lending rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.