# If the annual interest rate exceeds 36%, then you have to return, then how come back?

Time: 2017-12-21         Source: Rong 360 original         Author: Nanshan

1. If the annual interest rate exceeds 36%, is it not necessary to have a savings card?

A: No.

The so-called annual interest rate of more than 36% part of the interest can not be returned, refers to the platform to negotiate and reach an agreement on this issue, and then repay according to the new agreement between the two parties. If the unilaterally adjusted amount of repayment is adjusted according to the annual interest rate of 36%, and only the adjusted amount is saved to the savings card, the platform may be overdue due to insufficient amount of the deductible. If the overdue record is reported to the central bank, then it will be even more worthwhile.

2. Recently, isn't there a lot of online loans that can't be borrowed?

A: You are the truth.

Recently, many people have been able to borrow in the reaction and it is difficult to borrow them. The chivalrous sister has combed it for a reason. There are probably two reasons for this:

(1) At the end of the year, the credit lines of major lending institutions have almost been exhausted. Basically, they are withdrawing funds. It is certainly cautious to treat the next paragraph.

(2) With the landing of the new policy of cash lending and the subsequent clean-up, some platforms will be banned, and some platforms will be internally reorganized and then operated. In short, in the era of strong supervision, loans are definitely more difficult than before.

3. What is the loan interest rate after borrowing 2000 for 2200?

A: The formula is in hand, who will count.

Formula 1: Annual interest rate = daily interest rate * 360 = (interest / principal / borrowing days) * 360

Formula 2: Annual interest rate = monthly interest rate * 12 = (interest / principal / loan period) * 12

Remarks:

(1) The conversion of the general daily interest rate into the annual interest rate is calculated by multiplying by 360.

(2) The default 1 period is 1 month

(3) "*" is the meaning of multiplication, and "/" is the meaning of division.

Apply formula 2:

Annual interest rate = monthly interest rate * 12 = (interest / principal / loan period) * 12 = (200 / 2000/1) * 12 = 120%

This interest rate far exceeds the upper limit of the cash loan interest rate by 36%. Exceeding part of the interest can not be repaid, but the principal and interest rates should be repaid in full and on time within 36% of the annual interest rate.

4. Is it more illegal to repay more than 200 service fees per month?

A: The specific situation is analyzed.

The new policy of cash lending clearly stipulates that the total cost of loans should be expressed in an annualized form. That is to say, the platform can charge a service fee, but the fee should be recorded in interest, and should not be charged after receiving interest at 36% per annum. Fee or other fees.

5. What should I do if I have already paid?

A: Basically, I will not come back...

Under normal circumstances, the maximum annual interest rate for the implementation of the maximum loan should not exceed 36%. It should be after the new policy of cash lending, that is to say, the loan that has been repaid before this has a non-compliant part, and theoretically it will not come back.

In addition, even if it is a non-compliance part of the repayment after the New Deal, it is estimated that the possibility of returning is relatively small. In general, the platform will definitely not be refunded. If you want to resolve it through litigation, you may have to consider the cost issue.

how is it? Today’s question and answer ends here, and your baby is still in trouble with the gods. Come quickly!

Urgent use of money? We have reviewed hundreds of microfinance products! Pay attention to the WeChat public number "wallet bag" (ID: qianbaodaizi), no longer afraid of borrowing money.

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