Network micro-loan refers to the micro-loan provided to customers by Internet companies through their holding micro-loan companies. Network microfinance should abide by the existing regulations of microfinance companies, give full play to the advantages of peer-to-peer lending, and strive to reduce the financing costs of customers. P2P loan business is supervised by China Banking Regulatory Commission. Online lending itself is not illegal, but it is illegal to induce illegal fund-raising or violent collection in peer-to-peer lending.

Article 6 of "Several Opinions of the Supreme People's Court on People's Courts Handling Lending Cases" stipulates that the interest rate of private lending can be appropriately higher than the bank's interest rate, and local people's courts can 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. Beyond this limit, the excess interest will not be protected.