Not reliable, I suggest you still use a formal lending platform for loans, so as to protect your rights and avoid routine loans and other means. You can use Alipay's flowers. Please lend them. Or you can apply for a credit card directly from the bank and repay it in installments. Interest is relatively lower than the platform.

Although the emergence of online loans has facilitated the problem of public funds, do you know? In fact, online lending hides many routines. If you don't pay attention, it's easy to fall into the trap. Now, we need to know clearly what are the routines when borrowing money. If you don't know, let's study together.

1, insurance premium

I believe many people have applied for online loans, and some lending institutions will prompt you to pay insurance premiums on your loan page. Although the amount is not high, if you don't buy it, the application will not be successful. There are also some illegal online loans, which will charge high fees in the name of insurance premiums and behead them in disguise. Everyone must pay attention.

2. Word games

The installment interest rate claimed by many online loans is not equal to the actual interest rate. Suppose the loan amount is 65,438+00,000 yuan, the interest is paid off in 65,438+02 installments, and the monthly repayment is 833.33 yuan, with the monthly installment interest rate of 65,438+0.02,065,438+0% and the monthly interest of 65,438+00,000×. However, the borrower did not always owe the platform 10000 yuan during the repayment process. In fact, he only owed 935.38 yuan in the last month, but the platform still charged interest at 10000 yuan. Based on this calculation, the actual annualized interest rate that the borrower needs to pay is 22.60%.

3. False advertising

I believe everyone has seen it in outdoor telephone poles or elevators, claiming that "interest-free loans, unconditional loans, ID card loans" and so on are all marketed at no interest or low interest. When users borrow money on the platform, they will find that the platform will charge the borrower a high handling fee and management fee, and the comprehensive interest rate may be close to 36%.

Through the above introduction, I believe everyone knows the common scams in the online loan industry. If you encounter a similar situation, you must refuse the loan, otherwise you will easily get into trouble. In a word, you must be careful. Friends who want to borrow money must find a formal loan platform, which is safe and secure.