49 yuan charges a service fee for the squirrel loan because there is a handling fee in the middle, and the loan platform will charge a certain fee for providing users with corresponding services, so the service fee for the squirrel loan in 49 yuan is not high.

The loan service fee refers to the fee charged when handling the loan business, which is generally charged by the bank and also by the third party who helps with the loan business. The charging standard depends on local conditions.

Squirrel loan is a small loan APP. Users need to provide personal information such as ID number on the platform before they can apply for cash loans and credit card lending services on the platform. The platform uses risk control technology and data mining technology to realize simultaneous review of multiple loans, and is committed to providing users with fast lending services.