The development of online lending is accompanied by the development of the Internet. Now people's loans are not limited to outlets and loan companies near their homes. They can apply for online loans nationwide through mobile phones, WeChat, Alipay and other channels. As we all know, the interest on online loans is high. Why is the interest so high? Let's talk today.
I believe many people have borrowed online loans. The advantages of these online loans are low application threshold and fast payment. After submitting personal information, they can get loans quickly, as if there is no risk control. In fact, the online lending platform is much smarter than everyone thinks. After all, no one will do business at a loss. In fact, online lending institutions have calculated that they can set reasonable interest rates to cover overdue bad debts, so the interest rates of general online lending are very high. Even the annual interest rates of micro-loans, lending treasures and JD.COM gold bars are around 18%, not to mention that other online loans are normal between 24% and 36%, and the interest rates of some illegal small loans are as high as 200%. Let's give a simple example. If the online lending platform sets the daily interest rate as 1‰, the average loan period is 6 months, and the average loan amount is 1 1,000 yuan. If 1 0,000 people apply, the accumulated money is 1 0,000,000. If the bad debt rate of this platform is 10%, then 654.38+10,000 yuan will not be recovered, but even if the bad debt rate is so high, the platform can still be profitable. Because the remaining 90% people repay their loans normally, the daily interest rate of 900,000 yuan is 1‰, the interest rate for one month is 1 10,000, and the interest rate for six months is 1 10,000. In other words, even if there are bad debts of 654.38 million yuan, the platform still has a profit margin of 1 10,000 yuan. To sum up, we all know why there are so many small loan platforms on the market, and borrowers will not be punished if they fail to pay back the loan within the time limit, because as long as they are controlled, they can still make a lot of money, and as long as you can resist the collection, they may not be urged after a while.
Second, why are there so many online loan companies, and some of them have such high returns?
Make money quickly.
Third, the interest on online loans is so high, why do so many people come to borrow money?
There are too many bank procedures, and it is urgent to borrow online loans. Nowadays, young people are all trying to get quick results. You'll regret borrowing it later. If it is overdue, the impact on online lending will be even greater. Young people like to find a job that makes quick money. They never think how many families have been destroyed by such a job. They should educate themselves well.
Fourth, what the hell is this? Is the interest on online business loans so high?
The online merchant loan interest rate is evaluated according to the borrower's credit qualification conditions. If the user's credit condition becomes worse, or the previous online merchant loan is overdue, the actual loan interest rate will become higher. After the interest rate becomes higher, there is still a chance to come down. As long as we maintain a good credit record and repayment record and keep Alipay active, the subsequent interest rate will be adjusted.
Of course, even if the online merchant's loan interest rate is adjusted, the loan interest rate is still subject to the interest rate agreed in the contract, and the decline in interest rate will only affect the next loan.