Generally speaking, small loan companies are defined independently according to their own operating strength and market principles. In today's market-oriented interest rate, interest rate changes are allowed by the market, but the maximum ceiling cannot be higher than four times the bank interest rate in the same period, otherwise it will become usury. As for the minimum amount, it is 0.9 times the benchmark loan interest rate announced by the People's Bank of China.
The benchmark interest rate for deposits and loans is the guiding interest rate for loans issued by the central bank (People's Bank of China) to commercial banks, and it is one of the monetary policies used by the central bank to regulate the operation of social economy and financial system. Commercial banks will formulate loan interest rate portfolios on the basis of this benchmark interest rate. Raising the benchmark interest rate means shrinking credit, reducing social mobility, raising the cost of credit and slowing down economic development. or vice versa, Dallas to the auditorium