What is the nature of usury in campus loans? Campus loans and usury are actually of the same nature. According to the law, loans with an annual interest rate of more than 24% are illegal. Campus loan interest is more than 30%, and usury interest is generally 36%. In addition, the handling fee is high, and usury deceives students. Once a student borrows money, it is difficult to repay it. According to the law, only interest with an annual interest rate lower than 24% can be supported and protected by law. However, whether it is campus loans or usury, if the interest rate is much higher than 24%, it is not surprising that some campus loans actually reach about 30%. The reason for this chaos is closely related to the supply and demand of college students' campus loans, and also related to the inadequate supervision of relevant departments. The characteristic of campus loan is 1. The invasion of campus loans is spreading rapidly. The survey found that the interest rate of high-interest online loans invading the campus was as high as 30%. High-interest online loans invade the campus without supervision and risk. These online lending platforms provide college students with small ordinary consumer loans, as well as large loans such as venture capital and tuition repayment. 2. There is no source of repayment, and college students who are rejected by banks have become customers of various online lending platforms. However, both online lending institutions and campuses are seriously lacking in effective guidance and management. Characteristics of usury 1. The interest rate of usury is generally above 36% per year, and the loan 100 yuan, and the interest above 36 yuan is paid once a year. Individual interest rates can reach 100%-200%. In the history of our country, the annual interest of usury generally reaches 100%, which is "rolling interest". 2. usury is a bloody way to collect debts. If college students can't repay the loan on time after borrowing usury, they are easily illegally collected and even have worries in life. Usury means that the loan interest rate exceeds the benchmark interest rate for the same period by 4 times. Some nominal interest rates are not high, but the handling fees are high, which is actually usury. It is deceptive to take advantage of students' inexperience. The monthly interest rate is as high as 25%, and the annual interest rate is as high as 300%, which is much higher than the legal standard of not exceeding 4 times the bank interest rate. It is no exaggeration to say that it is usury. Therefore, parents must pay more attention to the advertising language of paying hundreds of dollars a month. In the news, in order to avoid the investigation, the loan company didn't sign the contract, but just wrote an iou, which only indicated the principal, but didn't indicate the interest and the time and method of repayment. This is obviously an act of exploiting loopholes and is not protected by law. There will be a handling fee, and the money won is not as much as the application, but the interest will still be calculated according to the application fee. If it is overdue, there will be another fee, and the daily fee can be as high as tens of yuan. Campus loans have advantages and disadvantages. If you want to start a business without funds and borrow money to pay tuition or living expenses, you can still apply to solve the urgent need, but you should control the repayment, otherwise the accumulation of expenses will be terrible and affect your personal credit. To sum up, what is the essence of campus loan usury? Although campus loan provides funds for students' entrepreneurship, it still has many disadvantages and should be guided and managed. The method of usury is bloody, and it is easy to be illegally recovered after the loan, which seriously affects normal life and study. Campus loans are deceptive, and relevant departments should strengthen supervision.