Is it reasonable for the service fee in the principal of CreditEase to be as high as 27,000 yuan?

CreditEase's principal service fee is as high as 27,000 yuan, which is very unreasonable. CreditEase belongs to a P2P financial management company. The interest on loans issued by the company is higher than the interest protected by national laws. It is very unreasonable to charge customers based on the platform service fee and management fee, rather than the interest in the contract, and control the interest within the scope permitted by national laws.

1. Is the service fee of the loan legal?

It is illegal to charge a service fee for a loan, and interest will be generated during the general loan process. But in practice, many loan companies charge extra fees and cheat in order to avoid the highest interest. At present, it is illegal for the state to stipulate "deposit", "service fee" or charge extra fees. If the circumstances are serious, they will be prosecuted in civil cases, so if the lender charges the service fee, some legal risks will arise. Under normal circumstances, there is no service charge for handling loan business in the bank, so you must consult the platform clearly before handling the loan.

Second, conventional loans.

Routine loan is a fraud under the guise of private lending. It refers to the illegal and criminal activities of illegally possessing the victim's property by luring or forcing the victim to sign relevant agreements such as borrowing or disguised loan mortgage, and maliciously creating liquidated damages by inflating the amount of borrowing.

Third, the characteristics of informal lending institutions.

1, the contact information is simple. Formal lending institutions have fixed business premises and contact information, while informal lending institutions generally only have a mobile phone number or QQ number, and will not leave a fixed landline number.

2. Formal lending institutions can be accepted nationwide and handle local business, which is conducive to controlling credit risks, while informal institutions generally claim to handle business nationwide.

3. The interest rate is too low, and the interest rate of informal lending institutions is generally low. In fact, although the threshold of unsecured loans is low, the interest rate is not low, because lending institutions need to bear higher risks in issuing unsecured loans, and in order to control risks, it will increase the cost of loans, so loans with low interest rates must be cautious.

4. Pre-loan fees: formal lending institutions will not ask borrowers to pay any fees before lending, but informal lending institutions may charge fees for various reasons before lending, such as service fees and handling fees.