Legal.
The legal red line is 36%. For "financing between natural persons, legal persons and unincorporated organizations", the licensee is not restricted, but still dare not cross the line. The maximum interest rate for all licensees shall not exceed 36%.
This can be regarded as a long-term effective hidden rule in the financial market.
It is not difficult to understand that when the newly revised Regulations were promulgated on August 20, it was not the "private lending" between individuals, enterprises and unincorporated persons that had the greatest impact on the financial industry. It is precisely the first article of this regulation-the licensee "does not apply this regulation".
Most of the so-called "private lending" in the former has broken through the red line of 36%. They broke the law themselves and did not resort to judicial debt collection. Is the standard 36% or 15.4%? What is the difference? Licensed institutions that eat "legal meals" are facing the test of reality.
Second, how much is the loan interest? Is it legal?
Interest on auction loans is relatively high. How to calculate the interest of auction loan: The average annual interest of auction loan is about 18%. The annual interest rate of the loan is 7%-24%, and the interest of borrowing 1 ten thousand is 700-2400. The interest rate is less than 36%, even if it is high, it is legal. As for the feedback that the overdue interest is too high and the collection interest is too high, this fee is not normal loan interest and cannot be included in the loan fee. As long as the borrower repays the loan on time, it only needs to repay the principal and interest, and no extra expenses will be incurred. Paipaidai is an online credit lending platform in China, and its main operator is Shanghai Paipaidai Financial Information Service Co., Ltd., which is formal and reliable, and the platform is completely formal and legal. When everyone is short of money, I use no less than 10 for my own loan products. On the whole, I still recommend Xiaoqian (formerly known as Baidu Finance) for reasons such as ups and downs: 1. Compared with the invitation system of borrowing and micro-loans, I can apply for money on my own initiative. 2. The maximum amount is 200,000, the minimum annualized rate is 7.2%, and it takes 3 minutes to arrive, which is already very useful; 3, formal platform, don't worry about routines; 4. Generally, regular products are strictly audited. Although they are easy to use, they are difficult to use, and so is the money spent. But I found the exclusive application channel required by the internal staff, and the payment rate is very high, so it is the most recommended product among the products. Since I have recommended it to everyone, I will present an exclusive application channel, and friends in need can apply for it themselves. Just remember to use flowers that day, otherwise the quota may be taken back, and friends have appeared before. Xiaoman-Rich Flowers (the second batch) Click online measurement.
There is another one: 360 loan is actually the anti-virus king Qihoo 360 online loan platform, which mainly provides pure credit loans for everyone. The amount is less than 200,000 yuan, the service period is between 1 and 12 months, and the daily interest rate can be as low as 0.027%. As a platform under the network security giant, 360 IOUs are still more reliable than ordinary platforms. 360 IOUs, with a maximum loan of 200,000! Click online measurement
Three, "new one loan" is an unsecured RMB loan business owned or issued by Ping An Bank for legal consumption or business purposes other than house purchase. The information is complete, and the loan will be released within 1-3 working days. The application threshold is low: you can apply for a monthly income of more than 4,000 yuan (car loan, mortgage, provident fund and insurance policy are the best), the amount is appropriate, and the repayment is flexible: the loan amount is 654.38 yuan +0. 1 10,000 to 500,000 yuan; The loan term is 12 months, 24 months, 36 months, and the excellent occupation can be as long as 48 months. Ping An Xin Yi Dai Click Online Measurement
The above contents are for reference only, and no loan suggestions are made. Online lending is risky, so choose carefully!
3. Can I complain if the annualized rate of auction loan exceeds 24%?
Of course.
You can make a complaint on the black cat complaint platform. If there is a complaint, it will be fed back to the platform involved, and the platform will contact the complainant for coordination.
Accusation means that the person whose rights and interests have been infringed has the right to sue the criminal facts.
4. Does the auction loan interest meet the national regulations?
Don't worry, all the expenses of the auction loan are open and transparent, and there will be no arbitrary charges.