;?With the continuous development of the credit market, there are more and more small loan companies on the market. Compared with bank loans, the review process of small loan companies is very fast and the entry threshold is very low, so they are welcomed by the public. Many borrowers have asked, how much is the interest rate of small loan companies? Better not to overdue it!

How much interest does a small loan company generally charge? Under normal circumstances, the People's Bank of China will announce loan disciplines at the beginning of each year, and then local banks and financial institutions will make adjustments according to their own conditions. Generally speaking, the loan interest rates of small loan companies are higher than those of banks. Banks generally add 10% to the LPR interest rate as the base interest rate, while small loan companies generally add 20% to the LPR interest rate. For example, the bank's five-year loan benchmark interest rate is then the loan benchmark interest rate of small loan companies. If the borrower accidentally overdues, 50% to 100% will be charged on the interest rate. If the borrower really doesn’t know whether the loan interest rate he is applying for is legal, he can refer to the specific regulations. According to regulations, the maximum interest rate for small loans shall not exceed 4 times the bank loan interest rate for the same period. Both parties can negotiate within 4 times the bank loan interest rate for the same period, calculated as four times the LPR of the latest period. There are also many microfinance companies that provide professional Unsecured and unsecured credit loan, low interest rate of 2% per month, simple procedures, high loan amount and fast loan speed. There are no fees other than interest repayments, which makes corporate loans more attractive. The above is the sharing of relevant content about "How much interest does a small loan company usually charge?" I hope it can help everyone!