The loan interest rate of financial institutions shall be uniformly formulated by the state. The upper limit of personal loan interest rate, the upper limit of bank loan interest rate is 12.24%, and the upper limit of other financial institutions (such as microfinance companies and peer-to-peer lending platforms) is 36%. Therefore, the interest rate of vivo wallet loan is 23.99%, not more than 36%, which is legal.
According to the official daily interest rate of vivo wallet, it starts from 0.048%, that is, the annual interest rate starts from 18.29%, which does not exceed the specified interest rate standard. Its interest rate is transparent and there is no extra charge. According to the individual comprehensive situation of users, the interest rate obtained by each user is different, and the specific interest rate is subject to the actual loan contract interest rate.