Generally speaking, medical beauty loan is generally called medical beauty installment, that is, installment loan business for medical beauty. It was born in the era when P2P business broke out around 20 15. Lenders are not limited to whether they have loan business qualifications. This kind of loan is a kind of consumer loan, which is provided by some loan platforms in cooperation with medical and aesthetic institutions to provide instant consumption and first-time beauty loans for some groups with insufficient spending power. Different from other consumer loans, the amount of medical beauty loans can only be used to pay the plastic surgery expenses of designated medical institutions, and cannot be withdrawn or transferred, nor can it be used for other purposes. However, in China's formal laws and regulations, there has been no clear definition of medical and American loans, even when the two major stock exchanges explicitly prohibited it.
In the process of recommending medical beauty loans, it is illegal to induce and deceive consumers to buy "medical beauty loans", which goes against the true meaning of consumers and deliberately conceals the loan project information or discloses untrue information during the whole introduction and recommendation process.
How can consumers tell whether "medical beauty loan" is a legal "medical beauty loan"?
According to the private lending rate stipulated in China, the quoted interest rate in the one-year loan market cannot exceed 15.4%, so if the "medical loan" exceeds this interest rate, everyone should think about whether it is legal.
legal ground
Article 29 of the Supreme People's Court's Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases stipulates that if the lender and the borrower have agreed on overdue interest rate, liquidated damages or other expenses, the lender may choose to claim overdue interest, liquidated damages or other expenses, or both, but the people's court will not support the part that exceeds four times the listed interest rate in the one-year loan market at the time when the contract is established.