1. service fee: the service fee is the fee required for the platform to provide loan services, including operating costs and risk control. Generally, it is charged according to a certain proportion of the loan amount, such as 1% or 2%. The service fee is generally deducted from the loan amount.
2. Management fee: Management fee refers to the fee charged by the platform for managing loan projects, which is used to maintain the operation of the platform, review the qualifications of borrowers, and supervise repayment. The management fee is usually calculated according to a certain proportion of the loan amount, such as 0.5% or 1%. The management fee can be charged monthly or annually, or it can be charged once during the repayment period.
Summary:
Service fees and management fees are the fees charged by online lending platforms for providing services and managing loan projects. Their calculation method is usually based on the proportion of the loan amount and the platform regulations. These fees are to support platform operation and risk control, and borrowers need to pay attention to and understand relevant fee information when applying for online loans.
Extended data:
-Different platforms may have different calculation methods and proportions of service fees and management fees. Please read the platform regulations carefully before borrowing.
-When choosing an online lending platform, besides paying attention to the cost, we should also consider the platform's reputation, interest rate, repayment method and other factors.
-In the process of borrowing money, know and manage your own borrowing situation in time to avoid overdue and extra expenses.