Legal analysis: All small loan companies are informal. If they do, don't sign the repayment method of equal principal and interest. You must pay interest before paying capital. Besides, there is no such thing as a service charge. In February of this year 1 1, Renren Jucai officially disclosed that due to various reasons, the overdue situation of the platform was three or four times higher than that of the same period (as of the end of1June), which seriously affected the company's payment. According to the instructions of the regulatory authorities, the platform has officially suspended the registration of new users, the recharge of individual users' funds, and the release of new bids (including ordinary renewal fees and preferential transfer services). ) and new loans before June 65438+ 10, 2020. At the same time, the platform has begun to withdraw from the filing work and accept the guidance of the regulatory authorities, and has submitted relevant materials for filing and withdrawal. Platform health institutions will study and formulate relevant redemption plans, which will be initiated after being voted by the majority of lenders, and subsequent redemption will be determined by the actual collection of borrowers.
Legal basis: Several Opinions on Handling Lending Cases by People's Courts Article 6 The interest rate of private lending may be appropriately higher than the bank's interest rate, but the maximum interest rate shall not exceed four times that of similar bank loans (including the principal interest rate).