Author | Chen Dachai
Production | Consumer Finance Channel
After the fall of anti-aircraft guns and illegal online loans, a new lending method of licensed financial institutions began to become active.
Recently, the Network Security Bureau of the Ministry of Public Security said that the public security organs found in their recent work that the notorious loan gangs had changed their faces and began to appear in front of the public in the form of formal financial companies. Compared with the previous self-operated routine loans, the new routine loans played an intermediary role in matching loans.
The "Consumer Finance Channel" has received many responses from borrowers. Some loan platforms similar to loan assistance are very formal on the surface, emphasizing that lenders are licensed financial institutions such as banks. Under the banner of low interest, mortgage-free and fast loan, this kind of routine loan first signs a yin-yang loan contract with the borrower, and passes on the so-called high fees such as agency fees and service fees to the borrower.
In the process of operation, routine loan gangs use the personal identity of borrowers and other information to apply for loans from licensed consumer companies, small loan companies or banks, while others instruct borrowers to borrow. After the lender's credit review is completed, the borrower can withdraw cash. Conventional loan intermediaries take the opportunity to deduct a lot of upfront interest from the principal, which often exceeds 15% of the principal.
It is worth noting that when signing the contract, the routine loan gang emphasized that "the interest is subject to the actual loan from the bank, and other expenses are borne by itself", and the service fee collection ratio is vague, and generally it is only explained to the borrower according to the minimum handling fee ratio. Although the upfront interest is removed, the borrower still needs to repay the lender's loan on time.
Ms. Zhang, the borrower, had previously fallen into the trap of this routine loan. She signed a financial advisory service contract with a lending institution in Guangxi, with a loan of 350,000 yuan, but only 280,000 yuan was actually received. Ms. Zhang said that when the intermediary introduced the matchmaking service, it only mentioned 2% service fee, but the lender told her that the intermediary company actually charged 18% service fee.
In the process of borrowing, if the borrower discovers the trap of the routine loan gang and wants to terminate the loan service, then the routine loan gang will threaten the borrower with words such as breach of contract. For the borrower, not only can the deposit paid in advance not be recovered, but it will also be insulted by the loan gang.
In addition, the existence of conventional loan intermediaries also brings hidden dangers to the asset security of financial institutions. According to informed sources, the epidemic has increased the pressure on consumer financial assets, the overdue rate and bad risks have risen, and loan fraud groups are quietly rising. At present, more than half of the bad debts in the entire online consumer finance field are caused by loan fraud intermediaries. Often the real lender is the behind-the-scenes intermediary, not the borrower himself.
To a certain extent, the rising demand for financing provides the soil for the breeding of new conventional loans. When users who are willing to lend are found, in order to improve the conversion rate, routine loan gangs take extreme measures, such as impersonating bank employees or employees of licensed consumer finance companies, to gain the trust of borrowers, but in fact they only seek high profits through credit matching services.
This new type of conventional loan has more advantages than traditional loans in form and income. First of all, the new routine loans advertise under the brand of licensed financial institutions, and hint to borrowers about their compliance status in the name of cooperation; Secondly, the new conventional loans only play the role of matchmaking, and do not participate in lending, so they bear less risks.
In order to maximize profits, new conventional loans tend to choose banks as lenders. The low interest rate and high credit line of banks have created more space for the routine loan platform to draw up agency fees, service fees and handling fees.
In response to the increase of new conventional loans, banks, licensed consumer finance companies and other financial institutions have issued announcements telling borrowers not to trust loan intermediaries. At the same time, financial institutions are also under pressure.
Illegal phenomena in the cash loan industry such as routine loans have quietly risen, and the Ministry of Public Security and public security organs in many places have launched a special crackdown on routine loans. This year is destined to be a difficult year for conventional loans. According to the data disclosed by the procuratorate, from June 5438 to March, the national procuratorate arrested 4 16 people and prosecuted 1463 people for illegal collection of loans, campus loans and private loans.
At present, public security departments in many places have organized special campaigns to eliminate evils, and routine loans are the key targets. Among them, the Development Zone Branch of the Public Security Bureau of Zhanjiang City, Guangdong Province cracked a criminal gang of routine loans under the guise of a loan company, arrested 28 suspects, seized more than 50 vehicles involved, frozen 17 accounts involved, and the funds were 744 1 10,000 yuan.
With the promotion of the special campaign to crack down on routine loans, these routine loans and the technical service providers, data service providers and payment service providers behind them will emerge one by one. Regardless of the variety of forms of routine loans, as long as the compliance risks of upstream and downstream suppliers in the routine loan industry chain are controlled, routine loans will lose the nutrients for upgrading.
Related Q&A: Prepaid interest? Generally, it refers to the interest generated when a loan is paid in one lump sum to buy a car in advance, commonly known as beheading interest. For financial management, interest received in advance mainly means that part or all of the income can be paid in advance. Generally, the principal and interest are paid in the form of invoice or letter of credit according to the face value of different products such as bank/domestic letter of credit/international letter of credit. Similarly, the interest rate in financial management refers to the due payment, which is generally half a year for paper tickets and one year for electricity tickets. Postpaid interest is more common in bank loans.