Legal analysis: it is not illegal to charge management fees and handling fees for peer-to-peer lending, but there are certain standards. It is legal to collect interest, deposit, management fee and handling fee in advance. The definition of loan interest rate and legality of various fees is: it is illegal to have an annualized interest rate over 36%, and it is legal to have an annualized interest rate below 24%.

Legal basis: Article 680 of the Civil Code of People's Republic of China (PRC) prohibits high-interest lending, and the lending rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.