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What is the interest rate of 20 16 bank microfinance?
Generally speaking, small loan companies are defined independently according to their own operating strength and market principles. In today's market-oriented interest rate, interest rate changes are allowed by the market, but the maximum ceiling cannot be higher than four times the bank interest rate in the same period, otherwise it will become usury. As for the minimum amount, it is 0.9 times the benchmark loan interest rate announced by the People's Bank of China.