The law stipulates that those with a lending rate below 36 are protected by law.

Overdue management fee refers to an additional fee charged by the online lending platform to the borrower after the borrower fails to repay on time. Each platform takes different financial punitive measures against overdue borrowers. Common ones include overdue penalty interest, late payment fees, overdue management fees and collection service fees.

Penalty interest, late payment fees, and liquidated damages are generally used to cover the cost of capital occupation and to pay overdue interest to the lender, etc. This type of penalty interest is the punitive interest that the borrower needs to pay to the creditor if the borrower fails to repay the loan on the specified repayment date as agreed in the contract. Overdue management fees and collection service fees are usually used to cover the cost of collection, such as the platform’s collection team or the cost of an outsourced collection company.

P2P online lending, also known as P2P online lending. P2P is the abbreviation of English peer to peer, which means "individual to individual". Online credit originated in the United Kingdom and later developed to the United States, Germany and other countries. Its typical model is: online credit companies provide a platform, and borrowers and lenders bid freely to broker deals. The fund lender obtains interest income and bears risks; the fund borrower repays the principal when due, and the online credit company charges an intermediary service fee.