At present, Zhaolian Good Term Loan Association offers daily interest rates ranging from 0.029% to 0.0495% according to users' comprehensive qualifications, converting the minimum daily interest rate of 0.029% into an annual interest rate of 0.029%×360 days (calculated as 360 days a year) = 10.44%, and converting its maximum daily interest rate of 0.0495%.
Therefore, Zhaolian Good Term Loan does not belong to usury, but is a formal loan service provided by formal institutions. Finally, it should be noted that since the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases came into effect on September 1 2065, usury will be based on whether the actual annual interest rate exceeds 36%, and the court supports the borrower to recover the excess interest.
Extended data:
For example, Zhaolian term loan is not usury:
Henan usury
As a provincial charity organization, Henan Soong Ching Ling Foundation (hereinafter referred to as Henan Song Foundation) has ranked first in the country for three consecutive years. Whether it is "donation" or loan interest, in more than ten years, billions of "donations" are in the hands of companies controlled by key employees, and the company has no equity relationship with Song.
Strong fundraising ability.
According to the database ranking of Foundation Center Network, at the end of 20 10, the assets of Henan Song Jihui had reached nearly 3 billion yuan, ranking first among more than 2,000 charitable foundations in China, followed by Peking University Education Foundation, a private equity fund, with assets of only 654.38+02 billion yuan, while China Red Cross Foundation had only 700 million yuan and China Soong Ching Ling Foundation had less than 300 million yuan.
On this list, Henan Song Foundation has won three consecutive championships, and its asset scale has climbed at an alarming rate. In 2008, it was 654.38+0.5 billion, and in 2009 it was 265.438+0 billion. As for 2007 and before, because there is no financial data of Henan Song in the database, it did not enter the ranking.
Not only that, as a provincial charity, the Henan Songji Foundation has also received a surprisingly high donation income. Its donation income in 20 10 exceeded 10 billion yuan, ranking first in China, and it is the China Red Cross Foundation. You know, 2008 coincided with the Wenchuan Earthquake, and when the China Red Cross Foundation received huge donations from the public, the scale of donations raised by China in that year was only10 billion yuan.
The fundraising ability of Henan Song Foundation is amazing year after year: in 2009 and 2008, Henan Song Foundation raised 600 million yuan and 800 million yuan respectively.
This super fund-raising ability is a huge mystery-searching the public information, it is found that even the large enterprises promoted by Henan Song Foundation donate only tens of millions, and only two or three in a few years. However, in sharp contrast to its powerful fund-raising ability, Henan Song Foundation lags far behind in public welfare expenditure.
Deviation of public welfare expenditure from regulations
According to the Regulations on the Management of Foundations, the annual expenditure of public offering foundations for public welfare undertakings shall not be less than 70% of the total income of the previous year, which means that the public welfare expenditure of Henan Song Foundation in 20 10 and 2009 must reach 420 million yuan and 480 million yuan, but the actual situation is only1400,000 yuan and 80 million yuan, which is far from the prescribed amount.
If you can raise a lot of money but can't spend it, it is not difficult to understand that there should be a lot of money in the foundation's account. But the fact is just the opposite-it is not difficult to see from the balance sheet of Henan Song Dynasty in the past three years that the Foundation does not have much monetary funds on hand. At the end of 20 10, it was only 1 100 million yuan, and it was only10 million yuan at the end of 2009 and 2008.
Lending enterprises involved in this field
Where did a lot of money go? The answer in the balance sheet is that a lot of money is in the "accounts receivable" account-in short, it is lent.
These funds have flowed into various "Songji" companies, such as Henan Songji Investment Co., Ltd. (hereinafter referred to as Songji Investment), and Zhang Handong, the current secretary-general of Henan Songji Association, or his employees are shareholders. In addition to the above-mentioned various investment businesses, there are even a lot of funds for lending.
In some business circles in Henan, it has long been an open secret that Song Ji can "lend" in investment. Looking through the annual reports of more than a dozen Songji investment-related companies over the years, almost all companies have huge amounts of other accounts receivable and other accounts payable on their balance sheets, ranging from tens of millions to hundreds of millions, but the amounts of other subjects are relatively small.
Comparing the detailed records in the annual audit reports of these companies, we can see that a large number of loans directly or indirectly come from Henan Song Foundation, and the final destination of funds is varied. Only a part of the list is distributed in real estate, steel, computer network, commodity trade and many other fields.
As for the inexplicable donation income of Henan Song Foundation, part of it comes from this, which is also a "business model" of Henan Song Foundation-Song Foundation lends money and donates interest.
A loan dispute revealed the secret of this "model": a 20 10 loan dispute judgment made by the Intermediate People's Court of Shangqiu City, Henan Province showed that a local enterprise borrowed 8 million yuan from the Song Foundation of Henan Province for a period of three months. As a consideration, the enterprise has to donate 6.5438+0.6 million yuan to the Foundation, which is "interest" in a sense.
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