Legal analysis: it is an unreasonable fee, and the insurance premium service fee is an additional credit insurance. Insurance premium If you are a repayment obligor and have no repayment ability, the insurance company will compensate you, but the insurance company will still ask you to repay. The beneficiary is the loan platform, not the repayment obligor. China Banking Regulatory Bureau Management Association clearly pointed out that tying loans is not allowed. Banks and financial institutions are forced to tie in financial products such as wealth management, insurance and funds when they issue loans or provide financing in other ways.

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 30 The lender and the borrower have agreed on overdue interest rate, liquidated damages or other expenses. Lenders can choose to claim overdue interest, liquidated damages or other expenses, or both, but the people's court will not support the part that exceeds 4 times the listed interest rate of one-year loan market.