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Why is the interest on online loans so high?
Auctions and loans are legal.

The comprehensive loan interest of the auction loan is less than 36%, so even if the interest 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.

If capital turnover is needed, it is recommended that "Baidu has money to spend", also called Qianhua, is a credit service brand under Xiaoman Finance (formerly Baidu Finance), with a daily interest rate as low as 0.02% and a maximum amount of 200,000. You can receive the loan in 3 minutes at the earliest.

Xiaoman-Rich Flowers (the second batch) Click online measurement.

Paipai Loan is an online credit lending platform. The company name is "Shanghai Paipai Loan Financial Information Service Co., Ltd.", which was established in June 2007 and headquartered in Shanghai. Paipai Loan was successfully listed on the NYSE on June 20th, 200617th and 2065 438+ 10/October.

It is understood that the loan service of the current auction loan platform includes universal loans and other loans for the majority of individual users; The lending end includes new loose label lending and automatic bidding strategies.