Morron Loan Company will not sue you. Because many of their regulations are not supported by regulations.

There are many tricks for Morron loans. After paying the deposit, there will be many fees that have not been mentioned before. The price quoted over the phone is 2 points, but it is not 2 points when you go to Moore Dragon Company, and additional fees will be charged in various names. The PICC insurance that Moore looked for required a few hundred reinsurance premiums, and the interest varied from one minute to five cents, to one cent to eight cents, and to one cent and six cents. Finally, the loan was released, and there was basically no change. The annualized calculation was 19, which was close to 20. Moreover, they were treated completely differently before and after signing the contract, and they would be charged tens of thousands more than what was originally promised. Moreover, the key was that they were all on the fringes of the law, and ordinary people really had nothing to do with them.

Be cautious when taking out a loan. Read, hear, record, take screenshots or take photos of important information clearly. There are currently many companies and platforms that provide loan services. It is recommended to choose formal, reliable and transparent borrowing channels.

The difference between lending institutions and banks

1. Quota: In terms of credit loans, bank quotas are generally higher than those of private small loan institutions. However, this is not absolute and is mainly based on the applicant’s comprehensive qualifications.

2. Interest: Bank interest is low. Generally, the monthly interest is around 4%-1 cent. For example, if you borrow 10,000 yuan and the monthly interest is 4%, the interest for one month is 10,000*0.004=40 yuan; The monthly interest rate of lending institutions is generally about 1 cent to 2 cents. For example, if you borrow 10,000 yuan and the monthly interest rate is 1 cent, then the interest for one month is 10,000*0.01=100 yuan.

3. Fees: Bank loans have no other fees except interest; some lending institutions are not very compliant. In addition to interest, there are also some cost fees, such as guarantee fees and intermediary fees. , information management fees, etc., everyone should pay attention to calculating them clearly when applying.

4. Repayment: Whether it is a bank loan or an institutional loan, it needs to be repaid on time. If it is overdue, the bank will notify the person and the contact person via text message. Those who are seriously overdue may be prosecuted; and the lending institutions will be more aggressive in collecting repayment and the methods are not legal enough.