Miao Lin said that after completing a series of data uploads such as user registration, face verification, and bank card binding, he borrowed 9,000 yuan on the 58dai platform with a loan period of 12 months. The monthly repayment is 891.58 yuan, which is mainly paid through bank card deduction. He had been repaying the loan normally until the seventh installment, when he carefully looked at the repayment details and discovered something fishy.

Note: The 58 interest rate is marked in the loan contract and the entrustment guarantee contract.

According to the details of the loan subject in the loan contract, Miao Lin borrowed a total amount of 9,000 yuan. The purpose of the loan was for daily consumption, and the installment interest rate was 15%. The annual interest rate of this loan is mainly based on the one-year loan market interest rate (LPR) announced by the National Interbank Funding Center on October 24, 2020, plus 1,115 basis points (1 basis point = 0.01%).

It should be noted that according to Miao Lin’s actual repayment amount, the loan was 9,000 yuan and was repaid in 12 installments, with the repayment amount in each installment being 891.58 yuan. According to IRR calculation, the actual annualized interest rate of this loan has reached 33.19%, which is much higher than the 15% in the loan contract and the 10.56% in the guarantee contract.

After users download the App, they need to click to agree to the "Registration Service Agreement" and "Privacy Policy", pass face authentication, and agree to the central bank's credit authorization letter. Then 58 Haojiehui will match the corresponding applicants based on the user's qualifications. Loan products.

The poster claimed that "the interest on 1,000 yuan is as low as 20 cents, no guarantee and no handling fee", but the actual loan is bundled with the guarantee. Is this kind of marketing method that makes consumers call it "exaggerated propaganda and inducement" reasonable?

In response, 58 Haodai stated that the total cost of interest and fees borne by customers is related to the results of the customer’s qualification assessment. At present, credit with a daily interest rate of 0.2% has indeed been provided to a considerable number of customers. That is, the interest rate for 1,000 yuan is only 2 cents per day. There is no problem of exaggerated publicity. However, the platform did not provide any further response to the issue of guarantee fee disclosure.

According to the requirements of the central bank, institutions engaged in loan business (including Internet platforms that provide advertising or display platforms for loan business) should use obvious methods when marketing through websites, mobile applications, posters and other channels. Show borrowers the annualized interest rate. Among them, loan costs should include interest and various expenses directly related to the loan. In Li Ya's view, according to regulatory requirements, 58 Haodao should pay attention to the true and correct display of annual interest rates, daily interest rates, and monthly interest rates to avoid violations and infringement of consumers' right to know.

Su also believes that the promotion method of "58 Easy Loan" has flaws in compliance, and the product rate should be indicated on a prominent page to facilitate user identification. Moreover, "no mortgage, no guarantee, no handling fee" is inconsistent with the actual situation, and is suspected of inducing loans. In Su's view, 58 Haodai, as an Internet platform that provides advertising or display platforms for loan business, is an institution engaged in loan business, and subsequent adjustments should be made in accordance with the relevant provisions of the central bank's explicit annual interest rate.

In addition, apart from the guarantee, according to Miao Lin, through 58 Haodao, it has not had any negotiations with investment banks. Therefore, as a loan assistance and drainage platform, 58 Haodai has also aroused industry thinking on how to clarify rights and responsibilities with investors.

Su pointed out that according to the "Interim Measures for the Management of Internet Loans of Commercial Banks", the Internet loan risk management system of commercial banks should cover the entire process of loan business such as marketing, investigation, credit granting, contract signing, lending, payment, tracking, and recovery. . As a cooperative institution of a commercial bank, a lending institution should have its qualifications and capabilities reviewed and evaluated by the commercial bank in advance, and a written cooperation agreement should be signed to clearly stipulate the scope of cooperation, operating procedures, rights and responsibilities of all parties, etc.

Li Ya believes that lenders will help investors in terms of customer attraction, fund replenishment, risk control, etc. Different lending platforms have different business priorities. As a lender, you must first be clear about yourself, do not operate beyond the scope of your business license, and avoid touching regulatory red lines. Related questions and answers: