1. Is the loan introduction fee legal?
It is expressly stipulated in China that Article 40 of the Law of People's Republic of China (PRC) on the Promotion of Small and Medium-sized Enterprises encourages all kinds of social intermediary agencies to provide information consultation, investment and financing, loan guarantee, legal consultation and other services for small and medium-sized enterprises.
Therefore, as long as it conforms to the law, the referral fee is reasonable and the law supports it. There are many institutions in the private sector that provide loan intermediary services. Everyone should keep his eyes open so as not to fall into the trap of a liar.
2. How much is the loan introduction fee?
Different institutions adopt different charging methods, mostly fixed or proportional charging methods.
1, fixed referral fee
Intermediaries will charge different fees according to the type of loan, the range of amount and the type of intermediary, usually ranging from several hundred yuan to several thousand yuan. For example, car loan agencies will charge some guarantee fees, registration fees, GPS installation/disassembly fees, service fees and so on. Applying for a mortgage often requires an intermediary to come forward, and will make some comprehensive loan application plans for you, including optimizing information, introducing repayment methods, and handling procedures. These processes will generate some expenses.
2. Charge in proportion
Many intermediaries will calculate the percentage of the loan amount, generally charging 3% to 9% (some lending institutions also call it points, such as three points). The higher the loan amount, the higher the cost, depending on the institutional requirements.