Legal analysis: Online loans refer to personal loans and working capital loans provided by commercial banks for consumption, daily production and operation turnover, etc. For eligible borrowers, cross-checking and risk management are carried out based on risk data and risk model by using information and communication technologies such as Internet and mobile communication, online loan applications are automatically accepted and risk assessment is carried out, and core business operations such as credit approval, contract signing, loan issuance and post-loan management are completed.

Legal basis: Interim Measures for the Administration of Online Loans of Commercial Banks Article 3 The online loans mentioned in these Measures refer to personal loans and working capital loans provided by commercial banks for consumption, daily production and operation turnover, etc. Through the use of information and communication technologies such as the Internet and mobile communication, cross-checking and risk management are carried out based on risk data and risk models, online loan applications are automatically accepted and risk assessment is carried out, and core business operations such as credit approval, contract signing, loan issuance and post-loan management are completed.

Second, what is online lending?

That is, you apply for a loan, provide relevant information and then issue a loan online. But you still have to go to the counter to apply for a card for the first time.

Third, what is online lending?

Online lending refers to the completion of all processes such as authentication, bookkeeping, liquidation and delivery through the network, and the purpose of lending can be achieved without leaving home. Generally speaking, the online loan amount is not high, there is no mortgage loan, and it is purely a credit loan. According to relevant regulations, the interest rate agreed between the borrower and the lender shall not exceed 24% of the annual interest rate. If the lender requires the borrower to pay interest at the agreed interest rate, the people shall support it. If the interest rate agreed between the borrower and the borrower has exceeded the annual interest rate of 36%, the interest rate agreement in excess is invalid. The people should support the borrower's request that the lender return the interest exceeding 30% per annum.

Legal basis: Article 26 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases: If the interest rate agreed by both borrowers and lenders does not exceed 24% per annum, the people shall support it. The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid. If the borrower requests the lender to return the interest paid in excess of 36% per annum, the people shall support it.