"The interest rate of the third payment is only 2.5%."
Many internet lending platforms
This blurs the interest rate of users' actual loans.
Recently, the central bank asked the loan interest rate to be clearly marked, indicating the actual annualized interest rate, which triggered a heated discussion among netizens.
The loan interest rate must be clearly marked.
In recent years, various loan products have been packaged, which often gives people the illusion of low interest rates.
take for example
"The loan is10,000 yuan, and the interest is less than a bottle of water every day." "The daily interest rate starts from 0.045%." Some people advocate "interest-free installment" and deliberately guide consumers to ignore the expenses and only look at the interest.
I wonder how to calculate the annualized interest rate? When borrowing money, it is impossible to know the interest rate of this product and how much to pay back. Only when he paid back the money did he find himself cheated.
On March 3 1, the central bank issued the third announcement this year, saying that all institutions engaged in loan business (including but not limited to deposit financial institutions, auto finance companies, consumer finance companies, micro-loan companies, Internet platforms that provide advertising or display platforms for loan business, etc. ) when marketing through websites, mobile phones, posters, etc. The annualized interest rate should be displayed to the borrower in an obvious way. And indicate it when signing the loan contract. Information such as daily interest rate and monthly interest rate can also be displayed as required, but it cannot be more obvious than annualized interest rate.
Break the illusion of low interest rates
What is the real annualized interest rate of these products?
Take the flower garden commonly used for chopping hands as an example.
Baihua doesn't charge interest, but charges by installments. The installment fees for the previous three installments, six installments, nine installments and 12 installments were 2.50%, 4.50%, 6.50% and 8.80% respectively. After the announcement by the central bank, if the central bank chooses to divide it into 12 installments, the actual annualized interest rate will be 335415.86% after the total interest rate is 8.80%.
What is the actual interest rate of other products?
Alipay's loan interest rate is four ten thousandths a day, with an annual interest rate of 14.60%. Small loans are marked with "annual interest rate 12.775%" before "1000 yuan is only 0.35 yuan a day". The living expenses of the US Mission are clearly marked as "from 7.20%".
It is worth noting that the above loan interest rate is not fixed, and each platform will calculate the credit line and loan interest rate according to the customer's situation. The better the credit, the higher the quality and the lower the annualized interest rate; The worse the credit, the higher the annualized interest rate.
Some users in Zhihu showed online that the annualized lending rates displayed by several major platforms were all above 18%, and shouted "Never borrow money on online lending platforms again".
1030 10: Lenders should disclose the actual interest rate.
The unclear real interest rate of loans has also led to a large increase in related complaints and disputes. On June 4th this year, 65,438, the Shanghai Financial Court concluded a financial loan contract dispute case (specifically ordered Zhongyuan Trust to return the undisclosed real interest rate of 840,000 yuan) by applying the civil law for the first time, and ruled that the lending institution has the obligation to clearly disclose the real interest rate in the loan contract, and the part of the interest charged by the lending institution that exceeds the interest rate agreed in the contract should be returned.
Liu Xinyu, a partner of Zhonglun Law Firm, said that the announcement of the central bank clarified the calculation scope and method of comprehensive capital cost, solved the scope dispute of comprehensive capital cost in legal practice, and provided legal reference for the judicial department to handle loan disputes. At the same time, IRR formally introduces supervision, which helps to protect consumers' right to know and prevent consumers from being misled to apply for loans without knowing the real cost.
Regarding the announcement of the central bank, the Shanghai Financial Court said that this means that its "trial rules have been recognized by the regulatory authorities, which fully reflects the benign interaction between financial justice and financial supervision".
Some platforms have not yet announced annualized interest rates.
take for example
On the platform of the first car about the car, Suning Financial's willful loan products are advertised as
In addition, on some platforms that display annualized interest rates, when they are not activated, the loanable amount displayed is high and the annualized interest rate is low.
take for example
When the loan was not activated, Meituan showed an annualized interest rate of 7.2% and a maximum loan of 200,000 yuan. The actual loan amount after activation is generally between1-20,000 yuan, and the annualized interest rate is above 18%.
"Interest rate is the price of the loan and the core element of the loan product. Requiring financial institutions and Internet platforms to fully and accurately disclose annualized interest rates in the form of annualized interest rates will help borrowers have a clear and accurate understanding of real interest rates and make appropriate judgments on this basis. " Dong Ximiao, chief researcher of Zhilian Finance, said.
What do you think of this?
Related questions and answers: Is it reliable to borrow money with peace of mind? How much is the interest? If you need money urgently, you can consider using loans to relieve the pressure, and at the same time try your best to make money. There are many ways to apply for a loan now. You can apply for a loan from the bank by mortgage. A more convenient way is to apply for a personal credit loan. It is recommended that you choose a formal platform when applying for a loan to better protect your personal interests and information security. The online lending platforms with high credibility and fast collection are (it is recommended to collect them in case of emergency):
1. Money to spend
Money Flower is a credit service brand owned by Du Xiaoman Finance (formerly known as Baidu Money Flower, renamed as "Money Flower" in June 2065438+2008). The big brand is reliable and trustworthy, and the interest rate is low. It takes 5 minutes to arrive at the account at the earliest, and it is easy to borrow money. The maximum loan amount is 200,000 yuan (click on the official link to get the calculated welfare amount), and the daily interest rate is as low as 0.02%. It has the characteristics of simple application, low interest rate, fast loan, flexible loan repayment, transparent interest rate and strong security.
Step 2 rent a shot
Brand programs help young people grow up hard, including a thousand-person auction loan fund and a youth program. The loan service of the auction loan platform includes universal loans and other loans for individual users, with the maximum loan amount of 1.8 million (click the official link to receive the welfare calculation amount), and the lending process has been highly automated; The cumulative registered users of the auction loan exceeded 654.38+0.2 billion. It is a loan matching service platform selected by many domestic users.
3. Comfortable flowers
Easy-to-consume users can withdraw cash, spend in installments and at an annualized interest rate of 7.2% (simple interest), and implement risk pricing within the scope of laws and regulations. According to the user's credit situation, provide a loan amount of 500,000-200,000 yuan (click the official link to receive the welfare calculation amount), and use the credit for one cycle, and the fastest loan is 1 minute.
Step 4 pay it back
Huanbai APP is a staged service platform based on daily consumption scenarios. 2065438+officially entered the market in February 2006, with a maximum credit line of 200,000 yuan (click the official link to receive the welfare calculation line), providing young people with various services such as bill installment, credit installment, cash installment and installment mall. Users can enjoy more flexible, convenient and efficient installment life service in shopping, consumption, repayment and other scenarios. Up to now, the APP has more than 65 million registered users, providing reasonable credit services for more than100000 users, and helping "upward youth" achieve their small goals in life.
5. China Post Wallet
China Post Wallet Loan is a loan business of China Post Consumer Finance Co., Ltd., which belongs to formal financial behavior. The maximum revolving loan amount is 200,000 yuan (click the official link to receive the welfare calculation amount), with daily interest, without interest, and approved by the Bank of China Insurance Regulatory Commission; A national financial institution initiated by seven enterprises, including China Postal Savings Bank, to provide consumer financial services for individual residents.
Tips: The above information is for reference only, and no loan suggestions are made. In the process of online lending, we must pay attention to preventing risks. In order to ensure the safety of funds and prevent routine loans, we suggest that you choose a formal bank or a formal loan platform based on your own judgment after fully understanding it, and borrow reasonably according to your actual situation.