Nowadays, many people invest in financial management or come to borrow money on the peer-to-peer lending platform. Generally, the income from investment and financial management on online lending platforms will be very high, around 1%, and the interest on loans on online lending platforms is also very high, generally exceeding 1%, and account management fees and loan service fees will be charged.

There are certain risks in investment, wealth management and loans. Both need to find a formal platform. Among so many online lending platforms, is it reliable to use loans for everyone?

renren loan is a peer-to-peer lending platform owned by renren youxin, which is mainly aimed at personal loans. The loan is in the form of online and offline. On the platform of official website, the information disclosure is relatively transparent, and the corresponding operating data will be published every quarter. At present, China Minsheng Bank is used to deposit funds and set up risk reserves.

At present, the annual interest rate through Renren Loan is 12%-24%, and the interest generated by a loan of 1, yuan is 1,2-2,4 yuan a year; Different loan products and loan terms have different interest rates for repayment. I think the annual interest rate of online lending platform is higher than 2%.

In addition to the interest generated by the loan, Renren Loan may also charge account management fees and loan service fees. The platform does not specify the specific amount, so it is recommended to consult customer service directly.

Generally speaking, Renren Loan is a reliable platform, and the loan interest is not too high. If the account management fee and service fee charged are relatively high, the comprehensive fee will be relatively high. Please advise the customer service of the consulting platform for the specific amount of management fee and service fee.

What are the consequences of owing a loan to everyone?

When a loan is made to everyone, it needs to be repaid on schedule according to the provisions of the loan platform, and a loan contract will be signed when the loan is made. Failure to repay the loan will have the following consequences.

1. Penalty interest. If everyone's loan is overdue, there will be penalty interest, late payment fee, overdue management fee, etc. The comprehensive cost is very high.

2. Once the loan of Renren is overdue, it will be collected. In the early stage of overdue, the borrower will be contacted for repayment, and later, relatives, friends, leaders and parents will be contacted to urge the borrower to repay.

3. imprisonment, with a large overdue amount and a long overdue time, users who are unwilling to repay for many times may submit a lawyer's letter to solve this matter through judicial channels. Once they are judged as loan fraud, they will go to jail.