P2P is the abbreviation of English peer-to-peer, which means person-to-person. Also known as Peer-to-Peer peer-to-peer lending, it is a private micro-lending model that gathers small funds and lends them to people in need. P2P has a broader concept, which refers to Internet finance, online credit platform with the help of Internet and mobile Internet technology, and related financial management behaviors and financial services. P2P lending refers to a financial model in which individuals provide small loans to other individuals through a third-party platform (company) on the premise of charging a certain service fee.

Legal objectivity:

Article 680 of the Civil Code of People's Republic of China (PRC) prohibits high-interest lending, and the interest rate of borrowing shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the method of interest payment, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as having no interest.