It is legal to cross the bridge in advance. The so-called advance payment bridge is actually a professional service for people who have applied for loans, but for one reason or another, they can't repay them on time. It is the third-party financial institutions that repay the loans owed in advance instead of these lenders, so as to prevent these lenders from being punished by banks or blacklisted by credit. In practice, bridge-crossing prepaid funds are usually divided into the following four categories:
1, bank acceptance bill deposit advance;
2. Advances due from bank loans;
3, consumer loans, housing loans in advance;
4. Other types of prepayment business.
In addition, it should be reminded that the interest paid in advance is calculated on a daily basis. For the borrower, this high interest pressure is very heavy, but if the interest charge exceeds the legal provisions, the borrower can also bring a lawsuit to the people's court to safeguard his legitimate rights and interests.
Bridge funds are generally collected in the following ways:
1, 1.2% to 5%; 2. Advance loan refers to, for example, in the process of buying a house, when the down payment of the next home is insufficient, the so-called "loan service company" or guarantee company takes out funds to help the next home make up the down payment to help complete the purchase. Of course, the borrower will charge 2% to 5% "advance payment". To put it bluntly, this kind of "advance payment" behavior is similar to folk usury. 3. "Advance payment" means that in the process of buying a house, when the next down payment is insufficient, the so-called "loan service company" or guarantee company will take out funds to help the next one make up the down payment to help complete the purchase. Of course, the borrower will charge 2% to 5% "advance payment". To put it bluntly, this kind of "advance payment" behavior is similar to folk usury. In the past, because most banks set up "sub-mortgage" business, if buyers and sellers borrow money from the same bank, the loan transfer can be easily completed.
I hope the above questions can help you. If you have other legal questions, please consult a professional lawyer.
Legal basis: Article 6 of the Supreme People's Court's Opinions on People's Courts Handling Loan Cases.
The interest rate of private lending may be appropriately higher than the bank interest rate, and the local people's courts may specifically grasp it according to the actual situation in the region, but the maximum interest rate shall not exceed four times that of similar bank loans (including interest rates). Beyond this limit, the excess interest will not be protected.