1. What is the interest of online loan?
For short-term loans within 3 months, the interest rate is not less than 2 cents/month, that is, the annual interest rate is 24%, and for those less than 3 months, it is generally 3 cents/month. For long-term and stable old customers, the loan interest is less than 2 points and more than 1.5 points. Compared with the bank's microfinance interest rate, the floating interest rate of many microfinance companies is surprisingly high. The monthly repayment interest of some small loan companies is as high as 1%, and the annual interest is even as high as 12%.
Second, what should I pay attention to when applying for online loans?
1. Don't pay any fees before the loan. Formal loan companies will not charge borrowers any fees (including interest) before issuing loans. Therefore, if they charge fees before lending, no matter how much, they can't believe it, so they have to make a detour.
2. ID card credit alone is not reliable. Some loan companies claim that "loans can only be made with ID cards", which is certainly not credible! Because it is impossible to determine from the identity card whether the lender has the ability to repay in full and on time.
To sum up, the scope of law enforcement by the state public security department is relatively clear. Public security organs do not interfere in economic disputes, but should be handled by relevant enterprises and institutions and their administrative departments, arbitration organs and people's courts according to law. Therefore, if you encounter usury, you can bring a lawsuit to the people's court, but it must be within the scope of civil litigation accepted by the people's court and under the jurisdiction of the defendant's people's court.