Legal analysis: In addition to paying bank interest, most areas need to pay part of the formalities. This part of the cost is transferred by different companies in different regions or even the same region. Some are called guarantee fees, some are called handling fees, and some are called service fees. This fee should be regarded as the procedure fee for the operation of the auto loan guarantee company and will not be refunded.

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 both borrowers and lenders 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 part of the interest paid that exceeds 36% per annum.