Pat on loan is not usury. For the loan on the loan platform, the borrower's annual comprehensive interest cost shall not exceed 36%, and the loan will not be accepted if it is unsuccessful. According to the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, the interest supported by private lending laws can reach 36% per annum, and the loan with an annual interest rate exceeding 36% is the latest standard for identifying usury.

Paipai Loan was established in June 2007 and successfully listed on the New York Stock Exchange on June 2011July. Paipai Loan is an online credit lending platform, which has been reported by authoritative media such as CCTV and People's Daily. 20 17, 165438+ 10, 10, the auction loan (NYSE: PPDF) was successfully listed on the NYSE.

Product characteristics of auction loan:

1, comprehensive solutions: personal consumption loans, business loans, decoration loans, travel loans, study abroad loans, etc.

2. Lightning loan: the loan process is simple, and the online credit review is automatic. As long as it takes 5 minutes to arrive, the money will be spent immediately.

3, the amount is flexible: small amounts are easy to borrow, and large amounts are as high as 200,000!

4, the threshold is ultra-low: no mortgage and no guarantee, you can apply with your ID card.

5. Independently withdraw the amount: withdraw the amount in real time with the change of credit status, and give the result in 5 minutes at the earliest.

6. Security: Ensure the security of user credit information.

7. Convenient operation: real-time query of loan progress, reminder of due repayment, and convenient loan repayment.

8. Loan purposes: online shopping, cash shopping, consumption staging, education and training, wedding decoration, catering and entertainment, medical beauty and other daily consumption.