However, users need to pay attention to the fact that formal lending platforms do not need to pay fees, and they can withdraw money directly. If you need to pay part of the deposit or membership fee in the process of opening Xiaomi Lending Member, users should not pay these fees, because any lending platform that needs to pay fees to apply for a loan is unsafe.
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Matters needing attention in online lending
(1) Pay attention to the annualized loan interest rate of online lending platform. Annualized loan interest rate = monthly loan interest rate × 12= daily loan interest rate ×365. If the annualized loan interest rate of the online lending platform is above 36%, it belongs to usury, so don't borrow it.
(2) Whether the online lending platform has upfront fees and what are the names of upfront fees. If the upfront cost of online lending platform is too much, everyone should pay special attention.
(3) Whether the online lending platform has hidden costs. You can first check online whether there are hidden fees on the online loan platform after the next payment. For online lending platforms with hidden charges, it is best not to apply.
(4) When handling online loans, everyone should pay attention to avoid revealing too private information to the online lending platform. However, necessary personal information should be provided, such as identity information, bank card number, mobile phone number, sesame score, credit report, etc. , and cannot be falsified.
Baidu encyclopedia-Xiaomi loan