When we are in urgent need of funds, folk microfinance can be said to be a good way to solve our urgent needs, because it is more flexible and faster. So, what are the conditions of folk microfinance? Next, what are the conditions for private microfinance for those small whites who prefer private microfinance but have no loan experience? First of all, what are the conditions for private microfinance? First of all, in addition to providing ID cards, household registration books and other basic documents, due to the different relationship between borrowers and lenders, it may be necessary to provide guarantors or collateral. Therefore, in fact, the application threshold for private lending is relatively low. But the lower the threshold, the more cautious we are. I believe everyone has heard the news about the "naked loan" of female college students before. The so-called "naked loan" means that female college students can get loans ranging from several thousand yuan to tens of thousands of yuan by sending nude photos with their identity documents to borrowers after filling in their basic personal information. However, it is precisely because of this irresponsible, simple and rude auditing method and high interest that female college students are unable to repay their loans, which eventually leads to the tragedy of suicide. Therefore, private lending must be cautious. Regarding the interest of private lending, the law stipulates the following points, commonly known as "two lines and three districts": 1, and the court will protect the interest not higher than the annual interest rate of 24%, which is called the judicial protection zone; 2. The borrower may voluntarily pay the interest with the annual interest rate exceeding 24% but not higher than 36%. This range is called natural debt zone, also known as voluntary payment zone; 3. The court will not protect the part where the agreed interest exceeds the annual interest rate of 36%. This range is called the high interest rate invalid zone. If the borrower has paid the excess, he can ask the lender to return it.