Is the auction loan interest high?

With the rapid development of the Internet, it becomes easier and easier to borrow money. Peer-to-peer lending has become the choice of more and more people. Pat loan is an outstanding representative widely used at present. Paipai Loan was formally established in Shanghai. It is the first pure credit and unsecured online lending platform in China, which has made a perfect change for the domestic economic development trend. The comprehensive annual interest rate of the platform is between 9%- 15.4%, but the final interest rate is subject to the approval result, because generally speaking, the annual interest rate is related to the credit qualification of loan users.

The comprehensive annualized interest rate refers to all repayments except the principal and the initial loan principal. Auction loan has a large amount of user data in the industry. Some professionals said that although the total amount of loans each year is not the largest, the lenders on the website are the most active. It is undeniable that this is also the most intensive gathering place for online loans. Online credit is a loser's industry. At present, losers occupy the vast majority of groups in China, which has a certain impact on the number of users.

As the earliest P2P platform in China, it is more reliable to pat on the loan. It is very convenient for borrowers to apply for auction loans. The loan amount is 65,438+0,000-500,000 yuan, the loan term is 3 months, 6 months and 65,438+02 months, the monthly loan interest rate is 0.83%, the loan fee is 2% for less than 6 months, and 4% for more than 6 months. The loan term is 1-5 working days.

The monthly interest rate of the auction loan is between 1%-2%. Compared with other similar loans, the pat loan interest rate is at a medium level. If you borrow 1 1,000 yuan, the monthly interest will be between 1 1,000 yuan and 200 yuan. In addition to paying interest, the loan also needs to pay a certain transaction service fee. Paipai Loan continued to invest in financial technology and smart finance, and developed a magic mirror big data risk control system based on advanced technologies such as big data, cloud computing and artificial intelligence. It also applies big data analysis and artificial intelligence-centered technology to credit review, risk control, precision marketing and intelligent customer service.