Legal analysis: If you simply borrow directly from the bank, there will be no service charge. From a legal point of view, the loan agency fee is legal. The agency fee is a legal fee, and the law supports it as long as it does not exceed the standard. 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: Article 46 of the Law of People's Republic of China (PRC) on the Promotion of Small and Medium-sized Enterprises, the state encourages all kinds of service institutions to provide small and medium-sized enterprises with services such as entrepreneurship training and counseling, intellectual property protection, management consulting, information consulting, credit services, marketing, project development, investment and financing, accounting and taxation, property rights trading, technical support, talent introduction, foreign cooperation, exhibition and sales, and legal consulting.