Generally speaking, if you don't borrow from a bank, it can't be said to be formal. A loan with an annual interest rate of 15.4% is illegal debt interest, and you don't need to repay the debt. Therefore, online lending platforms usually charge various fees (management fees, insurance premiums, etc. ), beheading interest and matching principal and interest make lenders feel that the nominal interest rate is not high, while the actual interest rate of online loans is often higher than the statutory maximum standard, and higher interest cannot be repaid. Therefore, before we borrow money, we should consider and investigate clearly, choose a formal way to borrow money, think twice before you act, and never give a liar a chance.