First of all, the current real car loan interest rate.
The actual capital cost of the borrower is actually much higher than the nominal loan interest rate. Giant Buddha (official account of WeChat: Giant Buddha in Internet finance) takes a well-known listing and venture capital platform in the south as an example to calculate the real borrowing cost of borrowers.
The borrower takes this car as collateral, and the loan period is from August 5, 20 13 to September 4, 20 14, with a term of one month and a loan amount of 80,000 yuan.
The borrowing costs borne by the borrower include:
(1) The car loan interest rate is 2 points per month, and the interest is 1600 yuan per month;
(2) The management fee and consulting service fee are 2% of the monthly loan amount, with a one-month term of 1.600 yuan.
If the above two items are less than one month, the interest will be calculated for one month. The total cost that the borrower needs to pay is 3200 yuan.
When borrowing money, in addition to deducting 3200 yuan, the GPS positioning system fee of 1780 yuan was temporarily withheld. In the actual loan, the borrower only got the principal of 75020 yuan.
Based on the above information, the actual interest rate is calculated as follows:
The actual borrowing cost of the borrower in 1 month =3200/75020=4.265%, which is the actual interest for one month;
The annualized capital cost = [(1+4.265%)12-1] x100% = 65.07%, which is the loan interest rate actually borne by the borrower.
Judging from the judgment, it is protected by law to ask the defendant to repay the plaintiff's loan principal of 75,020 yuan, default interest and interest. As long as it is protected by law, it is a legal act. In this regard, the court's decision is qualitative.
I tell you the real interest rate of car loan because I personally think investors have the right to know. Only by knowing the real loan interest rate of your investment platform can your evaluation of the platform be more objective.
Second, rational thinking on the actual loan interest rate.
(1) Although the real loan interest rate is high, it has been declining.
The above example has certain timeliness and one-sidedness. After all, it was concluded two years ago. According to Tathagata's understanding, the actual lending rates of most car loan platforms are nearly one-third lower than those in the case, which is also the result of the healthy and rapid development of P2P industry, which has promoted the reduction of private financing costs. In the future, financing costs should continue to decrease.
(2) Can the borrower bear such a high borrowing cost?
The actual annualized interest rate in the case is 65%, which is very high, but the borrower really needs to pay very little interest. If the borrower keeps his promise, he can get 75,000 yuan of temporary working capital by paying 3,200 yuan. For an ordinary borrower, the interest cost of 3200 yuan is still easy to calculate.
But in this case, if the borrower borrows 80 million yuan and bears such high interest at this time, the probability of the borrower's default will be great. Therefore, this kind of high-interest loan can only be operated sustainably under the micro-credit model. Large-scale single-mode loans have low labor cost risk control and the actual loan interest rate is often much lower.
(3) Can the platform get huge returns after eating such a high price difference?
At present, the return rate of the platform in this case to investors is less than 1 1%. Even in 20 13 years, the interest rate provided by the platform to investors is less than 14%. The platform spread is high, but the real overdue rate and bad debt rate of the platform are difficult for outsiders to see. When there is a high spread, whether the platform can get huge profits mainly depends on the borrower's overdue rate and bad debt rate. The key to control overdue rate and bad debt rate lies in risk control and asset quality. As for the so-called zero overdue and zero bad debt rate of borrowers announced by some platforms, this phenomenon will only appear in the sky, and the non-performing loan rate of bank assets is around 1.5%. Imagine how high the actual overdue rate and bad debt rate of P2P lenders are.
Three. abstract
Investors should have the right to know the actual borrowing interest rate of borrowers, and investors should look at the real situation of the platform more rationally. Only by knowing yourself, the platform and the borrowers can we read all kinds of industry information more accurately and make more reasonable judgments. Although the real lending rate of the platform is high, the overdue rate and bad debt rate of the platform are also high. Bian Xiao still wants to remind investors that high interest rates and low interest rates are not necessarily low risks, but the risk of high interest rates cannot be too low. It is necessary to bid with high risk as much as possible and do the best.
Million car purchase subsidy