Those that are legal and protected by law should be returned.

Pat tape

The comprehensive interest of the loan is less than 36%, even if the interest is high, it is legal. As long as the borrower repays the loan on time, it only needs to repay the principal and interest, and no extra expenses will be incurred.

Auction loan is a very famous loan product. Many users report that this platform has a good loan, simple loan application and fast review procedure. The interest charged by the loan platform is relatively high, and the service fee will be charged at one time. Therefore, the extra cost of users' actual loans is relatively high, so they must make loans according to their repayment ability, and then make loans. Although the interest is relatively high, if you want to pay it back on time, you will not be charged a high penalty.

It will also be collected by the platform through telephone, SMS, and staff visits. Those who maliciously fail to pay back within the time limit will be prosecuted by the platform, and those with serious circumstances will bear corresponding legal responsibilities.

Is the auction loan legal+high interest?

Easy-to-apply microfinance platform:

1, 360 IOUs

Everyone should be familiar with 360 finance. This 360 loan is a pure credit micro-loan, which can provide a loan amount of 50,000-200,000 yuan for customers who meet the credit conditions. The system comprehensively evaluates the credit according to the borrower's credit risk, payment habits, consumption, etc., and applies for a loan within the quota. It can be approved in a few minutes at the earliest, and the money can be obtained as soon as 1 hour.

2. Arbitrary loans

Suning Finance has discretionary payments and discretionary loans, among which discretionary loans are pure credit micro-loans, which can be directly applied online with a maximum amount of 50,000 yuan, which can well meet the personal consumption needs of borrowers such as shopping, tourism and education. Online certification personal information, good credit can be a loan, the system automatically approves the loan, and you can get the money on the same day, which is suitable for urgent needs.

If there is a demand for capital turnover, we recommend you to use Qianhua, a credit service brand under Du Xiaoman Finance (formerly known as Baidu Qianhua, renamed as "Qianhua" in June 2065438+08). Big brands and low interest rates are trustworthy. Money spent-full easy loan, the maximum loan amount is 200,000 (click the official free loan amount), 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.

Tips: The above information is for reference only, and no loan suggestions are made. In the process of online lending, we must pay attention to preventing risks. In order to ensure the safety of funds and prevent routine loans, we suggest that you choose a formal bank or a formal loan platform based on your own judgment after fully understanding it, and borrow reasonably according to your actual situation.

Is the loan formal? If it is formal, is the interest high?

Loans are normal!

But any formal loan platform is risky!

There is a threshold for auction loans, and not everyone can apply. Need to be a Chinese mainland citizen aged between 2 1 and 55, with full capacity for civil conduct; Mobile phone number of real-name authentication; Can provide a stable source of income and have the ability to repay the loan principal and interest on time; Moreover, personal credit is good, and there is no bad information in the credit report. After systematic review, only those who meet the comprehensive evaluation criteria will be approved.

Is it a usury?

Is the auction loan interest high?

Not usury

If it is usury, it is illegal!

The interest on the auction loan is quite high, about 7%

I have used several small loan products in business turnover before. In fact, every small loan platform has an internal application entrance, with low interest, convenient payment and high quota! Share it with those in need and scan the QR code below to enter!