To handle the loan, the lender needs to bear the following expenses:
1, handling fee. At present, some banks will attract customers' attention by lending interest-free, but in fact they charge interest by charging fees.
2. Interest expense. The amount of interest expense depends on the bank selected by the lender or the personal loan conditions of the lender. Different banks charge different loan fees. If the lender has good conditions, the loan interest charged is relatively low.
3. liquidated damages. When an individual signs a loan contract with a bank, if he fails to repay the loan on time as agreed in the contract, the bank has the right to collect liquidated damages by signing the amount agreed in the contract.
The income of the microfinance company, that is, the cost of your loan, is mainly reflected in the interest rate level, and the service fee can be ignored.
Legal basis:
People's Republic of China (PRC) and the National Code Law
Chapter nine hundred and sixty-one
An intermediary contract is a contract in which the intermediary reports the opportunity to conclude a contract to the client or provides media services for concluding a contract, and the client pays the remuneration.
Article 962
The intermediary shall truthfully report to the client the matters related to the conclusion of the contract.
If the broker intentionally conceals important facts related to the conclusion of the contract or provides false information, which harms the interests of the client, he shall not ask for payment of remuneration and shall be liable for compensation.
Chapter nine hundred and sixty-three
If the broker facilitates the establishment of the contract, the principal shall pay the remuneration as agreed. If the remuneration of the broker is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, it shall be reasonably determined according to the services of the broker. Where an intermediary provides media services for concluding a contract, the remuneration of the intermediary shall be borne equally by both parties to the contract.
If the intermediary facilitates the establishment of the contract, the expenses of the intermediary activities shall be borne by the intermediary.
Article nine hundred and sixty-four
If the broker fails to facilitate the establishment of the contract, he may not request payment; However, customers may be required to pay the necessary fees for intermediary activities as agreed.