The People's Bank of China issued a notice saying: In order to maintain the competitive order in the loan market and protect the legitimate rights and interests of financial consumers, all loan products should clearly indicate the annualized loan interest rate.

This shows that regular loans, consumer loans, car loans, bank loans and other loans can not be based on daily interest rates, but should be marked with annualized interest rates according to the central bank formula, and everything is transparent!

Online lending is now the most serious problem in society. Violent collection and routine loans seriously disrupt the financial market order and undermine social harmony. All kinds of loans are only marked with daily interest rates to attract borrowers to borrow. In fact, there are many routines, and many borrowers will not calculate how to calculate the annualized interest rate of the platform. So the central bank now has a standard. If it exceeds 15.4% stipulated by the state, it is an illegal loan, and repayment can be refused!

Online loans can be repaid directly with an ID card and a mobile phone card, and the different annualized interest rates of various online loans are also a particularly prominent problem. Personal information was leaked at will and directly entered the online loan platform system. This year's 3 15 party also exposed that Zhaopin's recruitment and reselling of personal information was also investigated by the regulatory authorities.

The national regulatory authorities have recently issued a series of "tightening curses" on online lending, which fully shows that the outstanding problems of online lending are very serious!

Just a few days ago, Lanzhou City, Gansu Province exposed a large number of victims of "routine loans" as high as 390,000, and 89 people were forced to commit suicide because of violent collection. This shows how lethal online loans are, and they are also called "opium in the new century" by netizens!

Online lending has caused countless investors to lose their blood and countless borrowers to lose their blood. In recent years, online loans have not been removed, and the voice of Heaven is getting louder and louder. The practice of setting annualized interest rates by the state also indicates that online loans and bank loans will be cold, and many regulatory policies are still on the road. The transparency of various loans is more in line with the current financial market, and future online loans and collections will be more legal and compliant!