Suppose that the three-year LPR interest rate of the central bank is 4.35% at this stage, which is actually 15.4% according to four times calculation. If the annual interest rate of Internet platform loans far exceeds this category, it is actually a relatively high loan interest rate. However, the LPR interest rate changes every year, and it is difficult for borrowers to accurately calculate the specific loan interest rate category.
You can also refer to the annual interest rate of 24%-36%. According to China's relevant regulations on peer-to-peer lending, it is illegal to exceed the annual interest rate of 36% stipulated by the people's court. If the interest rate of the loan contract signed by each other exceeds 36% of the previous year, part of the interest exceeding 36% is invalid, and the borrower may request the borrower to return part of the interest already paid, and the people's court shall support it.
What if the interest on borrowing money is too high? 1, active consultation
If the borrower borrows money at a high interest rate, he can take the initiative to negotiate with the online lending platform. Generally speaking, as long as the borrower has sufficient evidence, the loan interest of the online lending platform is indeed illegal, and it is very easy to negotiate.
2. Stop the loan application
If the borrower submits a loan application and the online loan platform has not paid for it, the loan application can be terminated immediately. It can be revoked or revoked. If the loan has been repaid, it is suggested that the borrower can choose to repay the loan in advance. The vast majority of online lending platforms are suitable for repaying loans in advance because of the high installment interest rate, and all interest expenses are exempted from repaying loans in advance.
3. Improve personal credit.
In fact, the loan interest rates of many online lending platforms are not high. It's just that the borrower's personal credit is not very good, and loans overdue is very risky, so the loan interest rate is high. Borrowers can choose to improve their personal information as much as possible, repay on time, buy some investment and wealth management products on time, and enhance their personal credit information and repayment ability. As long as it is approved by the online lending platform, after my comprehensive evaluation score is high, the loan interest rate will of course decrease, and the loan interest rate will also decrease.
How can I find out what's wrong with the credit report? There are six ways to query the credit report:
1, check at the bank counter
Refers to the bank counter inquiry of the subordinate institutions of the People's Bank of China. There are 2 100 inquiry points in China, and the addresses and contact numbers of subsidiaries can be inquired through the Credit Information Center in official website.
2. Self-service inquiry machine
Is placed in the branches of the People's Bank of China and some commercial bank outlets of a query device, a * * * there are more than 7000.
3. Self-service teller machines of financial institutions
Only those branches of ICBC, China Construction Bank and China Merchants Bank will do this. Similar to self-service inquiry machine, it is a self-service inquiry device.
4. Log in to official website Credit Information Center.
The full name of official website is "Credit Information Center of People's Bank of China". After entering, go to the center of the homepage and click "Internet Technology Personal Credit Information Platform Network" to display the actual operation according to the webpage.
5. Bank online banking inquiry
The financial institutions that give inquiries are: Industrial and Commercial Bank of China, China Construction Bank, China Merchants Bank, China CITIC Bank, China Guangfa Bank, Shanghai Pudong Development Bank, Minsheng Bank and Postal Savings Bank.
6, mobile online banking APP query
Actually, there are: Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Bank of Communications, China CITIC Bank, China Everbright Bank, China Merchants Bank, China Guangfa Bank, Ping An Bank, Shanghai Pudong Development Bank, Minsheng Bank, Agricultural Bank, Postal Savings Bank and its China UnionPay flash payment APP.
The first three are offline promotion inquiry methods, and you must carry the original ID card with you. The last three are online query methods, which can be queried through the network by operating a computer or mobile phone.