Legal analysis: According to the new rules of online loan interest rate, the state stipulates that the annualized interest rate shall not exceed 15.4%. Some online lending platforms only use this platform as a carrier. Lenders publish lending information on the platform and borrowers browse to apply for loans. After the two sides reached an agreement, the loan agreement was generated. That is, the lender is an individual, and there is only the borrower and the lender from the beginning to the end of the contract, and there is no intermediary third party institution. Even if this contract is reached through the online loan platform, it also applies to this 15.4%.

Legal basis: Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 26 If the interest rate agreed by the borrower and the lender does not exceed 24% per annum, the people's court 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. The people's court shall support the borrower's request to the lender to return the interest paid in excess of 36% per annum.