what's the difference? Easy loan network loan consultant answer: the loan interest rates of loan companies and banks are not fixed, and the loan interest rates of different loan products and different borrowers may be different. In most cases, the loan interest rate of microfinance companies is indeed higher than that of banks. Small loan companies are mainly unsecured loans, and the interest rate usually rises more than the benchmark interest rate. Because they can't touch the red line of usury, loan companies usually control the interest rate within 4 times of the benchmark interest rate. But in addition to loan interest, there may be account management fees, handling fees and so on. All loan costs of loan companies usually exceed the benchmark interest rate by four times.