Legal analysis: whether the handling fee charged by microfinance is legal or not generally depends on the charging standard. If the sum of the fees for small loans and other expenses is converted into an annual interest rate of no more than 36%, this is a legal loan product. Among them, the borrower must repay the part with the annual interest rate below 24%, because this part of interest belongs to the scope of judicial protection stipulated by law. The annual interest rate between 24% and 36% can be negotiated. If the borrower has paid off this part of interest, he can't apply for a refund.

Personal microfinance takes the form of credit or guarantee. The guarantee method can be natural person guarantee, merchant joint guarantee or guarantee company guarantee. Generally, the term of small loans is less than 6 months, and the longest is no more than 1 year, and the maximum amount for a single household is 500,000 yuan. Loan method: Personal small loans are issued by way of guarantee or credit. To apply for a credit loan, the borrower's credit rating must be above C. ..

Legal basis: Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 26 If the interest rate agreed by both borrowers and lenders does not exceed 24% per annum, the people's court shall support it. The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid. The people's court shall support the borrower's request to the lender to return the part of the interest paid that exceeds 36% per annum.

Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 30 Both the borrower and the lender have agreed on overdue interest rate, liquidated damages or other expenses. The lender may choose to claim overdue interest, liquidated damages or other expenses, or both, but the people's court will not support the part exceeding 24% of the annual interest rate.