The loan company is a limited liability company fully funded by domestic commercial banks or rural cooperative banks. Loan companies can engage in the following businesses: handling all kinds of loans; Handle bill discount; Handle asset transfer; Handle the settlement under the loan; Other assets business approved by the State Council banking regulatory authority. The sources of working capital of a loan company include paid-in capital, loans from investors and financing from other financial institutions, but the balance of financing funds shall not exceed 50% of its net capital. The loan balance of the loan company to the same borrower shall not exceed10% of the net capital; The credit balance to a single group enterprise customer shall not exceed 15% of the net capital.
1. What is the highest loan interest rate of the loan company? The loan interest rate of small loan companies exceeding the annual interest rate of 36% will not be protected by law. In the process of borrowing, if you find that the interest rate has reached 36% of the annual interest rate, then don't continue lending, because this situation is likely to lead to usury, so be careful. Generally, the interest rate of non-bank small loans will be higher, which will easily lead to the trap of mortgage lenders, so it is very important to choose a formal lending platform. The specific implementation of the loan interest rate standard of microfinance companies depends on the qualifications of the applicants. Generally speaking, individuals with poor personal qualifications get higher loan interest rates, which is also a way for microfinance companies to control loan risks.
2. Upper limit of loan interest rate of loan companies: The upper limit of loan interest rate of small loan companies shall not exceed 4 times the benchmark interest rate of China Bank for the same period, and the lower limit shall not be less than 0.9 times the benchmark interest rate. If the loan interest rate of a small loan company exceeds 4 times the benchmark loan interest rate announced by the Bank of China for the same period, the court will not protect the excess interest; After the performance of the loan contract, the borrower applied to the court for refund of the overcharged interest on the grounds that the contract was invalid, and the court supported it; In the case that the loan contract has not been fulfilled, if the borrower applies to the court to claim to offset the principal and interest of the loan with the excess interest, the court will support it.