Legal analysis: The formal loan company platform is legal. At present, regular loan platforms will access the credit information system in accordance with the relevant regulations of the People's Bank of China. Access to consumer loan products with personal credit information will truthfully feed back the borrower's historical usage records, which will help financial institutions to evaluate the borrower's personal credit status. Under normal circumstances, if the borrower repays on time and keeps good habits, borrowing on the online lending platform will not have a negative impact on personal credit, but will help personal credit accumulation and become a good credit certificate when applying for loans such as mortgage and car loan in the future.

Legal basis: Article 6 of "Several Opinions of the Supreme People's Court on People's Courts Handling Lending Cases" stipulates that the interest rate of private lending can be appropriately higher than that of banks, and local people's courts can specifically grasp it according to the actual situation in the region, but the maximum interest rate shall not exceed four times (including interest rate) of similar loans of banks. Beyond this limit, the excess interest will not be protected.