Is the prepayment company legal?

Legal analysis: it is legal to advance funds to cross the bridge. The so-called advance payment bridge is actually a professional service for people who have applied for loans, but for one reason or another, they can't repay them on time. It is the third-party financial institutions that repay the loans owed in advance instead of these lenders, so as to prevent these lenders from being punished by banks or blacklisted by credit. In practice, the funds advanced across the bridge are usually divided into the following four categories: bank acceptance bill deposit advance; Advance payment due for bank loans; Advance payment for consumer loans and housing sales loans; Other types of prepayment business.

Legal basis: the Supreme People's Court's opinions on people's courts' handling of loan cases.

Six, the interest rate of private lending can be appropriately higher than the bank interest rate, the local people's courts can specifically grasp according to the actual situation in the region, but the maximum shall not exceed four times that of similar bank loans (including interest rates). Beyond this limit, the excess interest will not be protected.

Seven, the lender shall not include interest in the principal to seek high profits. If it is found during the trial that the creditor included the interest in the principal to calculate compound interest, if the interest rate exceeds the limit stipulated in Article 6, the excess interest will not be protected.