The annual interest of online loans is generally determined according to the borrower's credit status, loan period and loan amount. Different platforms and products will have different interest rates. Generally speaking, the annual interest rate of online loans is between 10%-30%. The specific interest rate will vary according to the borrower's credit rating. The higher the credit rating, the lower the interest rate. In addition, some platforms will float the interest rate according to the borrower's repayment ability and repayment record.

It should be noted that there are certain risks in peer-to-peer lending. When choosing an online lending platform, borrowers should carefully evaluate the credit and risk control capabilities of the platform to avoid falling into the loan trap of high interest and high risk.

If you are facing the problem that online loans are overdue and being collected, I suggest you go to Xiaoqi Credit Information to get a detailed big data report, understand your overdue records, classify your online loans, and distinguish between formal loans with credit information and informal loans without credit information. If you want to pay back the money, but the funds are insufficient at present, I suggest you negotiate with the online lending platform to give priority to repaying formal and reputable loans and minimize the impact on yourself. This will not only improve your credit, but also help you apply for other loans in the future.