If the seven-day interest on online loans is higher than the legal range (24%), you can entrust a lawyer to handle it. In addition, if you feel that you have encountered severe loan methods such as routine loans, you can call the police for help at the first time. If the police verify it, they will arrest criminals and safeguard your legitimate rights and interests.
Peer-to-peer lending includes personal peer-to-peer lending and online microfinance. Personal peer-to-peer lending refers to direct lending between individuals through the Internet platform. Direct lending on the personal peer-to-peer lending platform belongs to the category of private lending, which is regulated by the Contract Law, General Principles of Civil Law and other laws and regulations as well as relevant judicial interpretations in the Supreme People's Court. Network micro-loan refers to the micro-loan provided to customers by Internet companies through their holding micro-loan companies. Network microfinance should abide by the existing regulations of microfinance companies, give full play to the advantages of peer-to-peer lending, and strive to reduce the financing costs of customers. P2P loan business is supervised by China Banking and Insurance Regulatory Commission.