Problems in Small Loan Business of Songyuan Branch of China Postal Savings Bank

The problems existing in the microfinance business of Songyuan Branch of China Postal Savings Bank include high interest rate, opaque contract, hidden charges and improper collection methods.

1, the interest rate is too high: it brings great repayment pressure to the borrower.

2. The contract is opaque: the terms are complicated, which is not conducive to the borrower's comprehensive understanding of his rights and obligations.

3. Implicit charges: unclear handling fees and management fees increase the burden on borrowers.

4. Improper collection methods: Some small loan institutions use excessive or improper collection methods, which infringe on the legitimate rights and interests of borrowers.