For example, a small online loan company charges a platform management fee of 20% to 30% for the loan of 1000. Can it be counted as interest? Still legal? - Loan Platform Complete Network

For example, a small online loan company charges a platform management fee of 20% to 30% for the loan of 1000. Can it be counted as interest? Still legal?

1, this is not interest, but management fee, which is actually a handling fee, which is obviously illegal;

2. If the loan is successful, the interest will be high after it is overdue, even if it is not overdue, it will generate interest normally;

3, so don't borrow money when you meet this platform. Try to borrow money without upfront cost, low interest and safety.

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