Current location - Loan Platform Complete Network - Loan intermediary - Baiqian Finance received the principal of 7,000 yuan, divided into 18 months, and still paid 628.49 yuan each month, and owed 5,500 yuan for 12 months. Is this legal?
Baiqian Finance received the principal of 7,000 yuan, divided into 18 months, and still paid 628.49 yuan each month, and owed 5,500 yuan for 12 months. Is this legal?
Annual interest rate of 67.5%, usury, illegal.

According to the highest legal interest rate of 36%, the monthly repayment will be 6 19.68 yuan, and it will be over after 4 months.

Now you have paid back 12 months, and the total amount * * * exceeds 100 yuan. After that, you only need to pay 570 yuan back twice a month, and it's over.