Illegal. The interest rate of loan companies in Heng Chang is limited and cannot exceed the prescribed maximum interest rate, so it is illegal to charge 40,000 interest. In addition, the lending institution and the borrower agreed that the interest rate should not be higher than the highest interest rate stipulated by laws and regulations, and should not be lower than the lowest interest rate stipulated by the relevant local administrative departments. Otherwise, violation of relevant laws and regulations should be punished accordingly.
What kind of bank loan is Heng Chang loan?
There is no bank loan in Heng Chang. Heng Chang is a small lending institution, not a bank. Lending institutions in Heng Chang are illegal. Formal and legal lending institutions will have relevant financial licenses, while lending institutions in Heng Chang have no licenses. Although the lending institution is illegal, the loan terms are still protected by law, and the borrower must repay the loan as agreed.
Is it legal for Chang Hengxin to use the company?
Heng Chang's loans are irregular. Formal lending institutions must have relevant financial licenses before they can legally issue loans. At present, Heng Chang's loan has not yet obtained a financial license, and there are strict irregularities in its loan business. However, the loan contract signed at the time of borrowing is still protected by law, and the borrower still needs to repay the loan as agreed.
Financial industry refers to a special industry that deals in financial commodities, including banking, insurance, trust, securities and leasing. The financial industry originated from the money custody and interest-bearing lending business in the Babylonian temple in 2000 BC and the Greek temple in the 6th century BC. The financial industry has the characteristics of index, monopoly, high risk, interest dependence and high debt management.
The financial industry originated from the money custody and interest-bearing lending business in the Babylonian temple in 2000 BC and the Greek temple in the 6th century BC. From the 5th century BC to the 3rd century BC, silver merchants and commercial institutions similar to banks appeared in Athens and Rome. In Europe, correspondent banks developed from currency exchange and goldsmith. The earliest bank was the Bank of Venice (1580).
I suggest you apply for a loan from a formal lending institution, such as a formal consumer finance company. These financial institutions are eligible to lend. It is safer to apply for a loan in such a place. How to judge whether the loan product is reliable?
1. interest rate The state stipulates that the interest rate of private lending shall not exceed 24%, and it shall not exceed 36% under special circumstances. Therefore, when applying for a loan, we should pay attention to whether the loan interest rate meets the national norms. Many platforms deliberately blur their interest rate concept, saying only what their interest rate is, not whether it is the daily interest rate or the monthly interest rate, playing dumb and deceiving customers. According to national regulations, if the daily interest rate exceeds 0. 1% and the monthly interest rate exceeds 3%, it is already usury. When encountering such a loan platform, we must be cautious.
2. Service fees It seems that the interest rates of many platforms are kept within the range stipulated by the state, but at the same time, many service fees, management fees and deposits are charged, or 1000 yuan and 750 yuan are applied. This act of beheading interests. Although these accusations have different names, they are actually legal interests. Therefore, once these expenses add up to more than 36% of the annual interest rate, the loan platform is not standardized. Therefore, when the loan platform needs to charge a service fee or indicates that it will deduct part of the fee in the next payment, it must be careful not to be used by bad platforms.
3. Platform background, active in the market for several years, with turnover reaching several billion. A loan platform with a large user base is definitely more reliable than an unknown small workshop. Platforms with large market share are subject to more supervision. If you break the rules, you will be punished more severely. Therefore, such big brands are generally cautious and will not take risks and break the law for some short-term interests.
202 1 what is the current situation of Heng Chang loan company?
202 1 Heng Chang loan company has been investigated, because it is an illegal company, involving routine loans, violence, usury and other issues. When the company claims that there is no guarantee or unsecured interest during the operating period, the first loan should be paid out quickly. Take advantage of the victim's urgent need for money, let the borrower provide personal information and extract the customer address book. When signing the contract, the borrower will be threatened by telephone, and the related service fee will be threatened to be collected after it is overdue.
First, how to choose a legal loan company
First of all, we must determine whether the loan company or platform we apply for is formal. All formal lending institutions will have financial licenses. If some companies don't have this license, we need to consider it. It also depends on the scale and address of the company's development, whether the company has industrial and commercial filing, and the business ability level of the whole company. In the reception process, whether the company's products are reasonable, whether the demand is right, whether it is qualified, whether it is like formal loan financing and previous companies.
Second, what loans are absolutely untouchable?
At present, some online loans that are not qualified for lending have very low interest, generally ranging from 1000 yuan to 5,000 yuan, and the interest is calculated on a daily basis. This kind of loan can basically be borrowed as long as you apply, but the risk after this kind of loan will be greater and a lot of fees will be charged. Once overdue, it may lead to low rolling interest, so the debt will increase. Campus loans are also popular in the past two years, mainly for college students, which will charge high fees and interest.
Third, the last thing you need to know is that the annual interest rate stipulated by the state cannot exceed 36%. As long as it exceeds 36%, you must not bring some illegal routine loans and campus loans, and you should choose carefully when lending. Once cheated, you may fall into the trap, which is a very troublesome thing for the future.