Legal analysis: according to the annual interest rate 1, it is equivalent to the annual interest rate10%; Monthly interest12%; Calculated by the daily interest rate, the daily interest rate is 0. 1%, the monthly interest rate is 3%, and the annual interest rate is 36%.
Legal basis: The loan amount stipulated in Article 26 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases is generally recognized as the principal. If interest is deducted from the principal in advance, the actual amount lent shall be the principal.
2. What is private lending and what is the interest rate of private lending?
Hello, there are many platforms available now, and the amount is basically between 5 million and 300,000. You can apply through banks and online loans. Compared with other loans, although the amount is low, it is very popular because of its fast lending and flexible borrowing. As long as you choose a regular big platform, and the security of funds and information is guaranteed, you can use it with confidence.
Recommended money flower, formerly known as "Baidu money flower", is a credit brand of Xiaoman Finance. Provide users with safe, convenient, unsecured and unsecured credit services. If you borrow money, you can go to Xiaoman Financial APP (click on the official calculation). Money is easy to borrow and the daily interest rate is as low as 0.02%. It has the characteristics of simple application, low interest rate, fast loan, flexible loan repayment, transparent interest rate and strong security.
I would like to share with you the application conditions for consuming products with money: it is mainly divided into two parts: age requirements and information requirements. 1. Age requirement: 18-55 years old. Special note: if you have money to spend, you refuse to provide college students with consumer installment loans. If you are a college student, please give up the application. Information requirements: You need to provide your second-generation ID card and your debit card during the application process. Note: the application only supports debit cards, and the application card is also your loan bank card. My identity information needs to be the second-generation ID card information, and cannot be processed with temporary id card, expired ID cards or first-generation ID cards.
This answer is provided by Youhuahua. Due to objective reasons such as the timeliness of the content, if the answer content is inconsistent with the actual interest rate calculation method of Youhuahua loan products, the display on Xiaoman Financial APP- Youhuahua Loan website shall prevail. I hope this answer is helpful to you.
Third, what is private lending? What is the interest rate of private lending?
All peer-to-peer lending platforms are undoubtedly equivalent to intermediaries. Investors invest through this platform, and borrowers borrow through this platform. The network platform only serves as their third-party witness to safeguard their rights and interests and charge a certain management fee. The interest rate is four times that of the bank. If it exceeds the bank interest rate, it will not be protected by law. All interest is paid directly to investors without going through the platform, so investors' interest will come much faster than deposit in the bank. Lenders will also be more likely to borrow money than banks. As long as the lender meets several certifications, having a fixed income is basically not a problem. I'm borrowing some money. not bad ...
4.202 1 What is the monthly interest rate of private lending?
202 1 If the interest rate of private lending is less than 24%, the borrower must repay the loan as agreed. If the borrower fails to repay the loan as agreed, it shall support the creditor's borrowing user; If the loan interest rate exceeds 24% but does not exceed 36%, it belongs to the natural interest rate. If the borrower asks the creditor to return the interest after paying it as agreed, it will not be supported. If the loan interest rate exceeds 36%, it is illegal. The borrower may refuse to repay this part of the loan interest, and if it has already been repaid, it shall support it.