To know whether Ping An Pratt & Whitney's 7.3% interest is legal, we must first know Ping An Pratt & Whitney's interest algorithm. In the algorithm of Ping An Pratt & Whitney, insurance and service fees, loan fees and interest fees are included. Obviously, Ping An Pratt & Whitney's loan contains several obviously unnecessary expenses. That is, insurance+service fee+actual amount = loan fee, so it is illegal.

First, Ping An Pratt & Whitney's interest rate is usury.

Ping An Pratt & Whitney is nominally a lending institution, but it is actually a lending institution. Therefore, there is a service charge for the loan on Ping An Pratt & Whitney. After the loan is successful, Ping An Pratt & Whitney will dock with the corresponding bank. The interest rate shown by Ping An Pratt & Whitney to the public is nominal, that is, the annual interest rate it gives is 29%, which does not exceed the 36% stipulated by the state. However, after the black-box operation, its interest rate rose sharply, reaching as high as 46%, which obviously did not meet the national regulations and was higher than the legal condition 10%.

Second, the careful calculation of Ping An Pratt & Whitney

Ping An Pratt & Whitney uses the nominal interest rate and the real interest rate to carry out different operations on the surface and the back, and charges the lender extra. It claims 7%-9%, but in fact there are extra insurance and service charges. Of course, these fees are calculated by their lawyers, and even if they are complained, they can still charge normally.

Third, how to correctly loan without stepping on thunder

Nowadays, many families will choose loans to buy a house when they are faced with buying a house, and the right loans can save a lot of money for a family. The most correct way to borrow money should be to borrow money from a bank, rather than looking for loan software with little interest on the Internet. These softwares are all equivalent to intermediaries. If you don't want to borrow money from the bank, you can choose small loans from Alipay and Tencent. Both platforms are good lending platforms, and the relevant interest will be higher than bank loans, but there will be no other irrelevant fees.

abstract

Loan is a transitional payment method used by contemporary people. If you need a loan, you must meet the requirements of the platform before you can get a loan, otherwise the loan platform will not be allowed to provide you with loan services. The so-called Ping An Pratt & Whitney still recommends the use of formal bank loans.