P2P Project Income Polarization Exceeds Legal Limit Not Protected

Here world clothing shoes The Xiaobian of the hat net introduces P2P products with a yield of up to 30% above the statutory ceiling or unprotected.

In the tide of Internet finance, P2P's revenue can outshine others. According to the survey conducted by China financial network on eight P2P platforms, three businesses, including Shanxi Merchants loan, salty BANK and one city loan, all have product returns (including winning bid), which exceed 4 times the benchmark interest rate of central bank loans. According to the judicial interpretation of the Supreme People's court, interest beyond 4 times private lending is not protected. Experts also pointed out that P2P belongs to the scope of private lending and has the possibility of becoming usury.

P2P project revenue polarization partial income "frightening"

The annual income of some P2P websites is much higher than that of most banks or fund financial products. China new network financial channel investigated "Wenzhou loan", "Xin He Hui", "Lu Jin", "on line", "Hongling venture", "Jin Merchants loan", "salted BANK", "a city loan" eight P2P net loan platform. In the course of the investigation, we find that the profits given by P2P website are polarized.

In the recently established projects of the eight P2P websites, the annual yield of the "Shanxi commercial loan" product, "an office furniture business borrowing", is as high as 30% (including the winning bid); the annual yield rate of "salty BANK" product "six joint insurance short-term business borrowing - June marks 15 [0704]" is 27.5% (including the winning bid); and the annual yield of "one city loan" product "Wuhu Anhui CITIC City Commercial Building acquisition loan March mark 2/7-4" is 24%.

But the high income is not necessarily good. According to the data of net loan home, the top 5 P2P sites in Wenzhou in the past month are "Wenzhou loan", "Xin He Hui", "Lu Jin", "co production online" and "Hongling venture capital". The highest yield of these five platforms in recent projects is 18.2%, 10%, 8.61%, 15.6% and 17.5% respectively. Previously, the highest ranked "high income" platform ranked the highest among the "Shanxi Merchants loan", with a turnover ranking of only twenty-third.

　 Part of the statutory interest does not include protection or usury.

According to the sixth article of the Supreme People's Court on the Supreme People's Court on the trial of loan cases by the people's court, the interest rate of private lending can be higher than the interest rate of banks. The people's courts in different regions can grasp the actual situation in accordance with the actual situation of the region, but the maximum amount of interest rate can not exceed four times that of the bank's similar lending rate (including the interest rate). Interest beyond this limit is not protected.

According to the central bank website, the benchmark interest rate of RMB loans for financial institutions shows that the benchmark interest rate for loans within 6 months is 5.6%, and the benchmark interest rate for loans over 6 months is 6%. According to the two relevant provisions, it can be calculated that the annualized interest rate of private lending less than 22.4% within half a year of borrowing time will be no longer subject to legal protection if the annualized interest rate exceeds 24% of the loan time over half a year.

Act as P2P The founder of Bangladesh economist Yunus has a famous saying: the poor are valuable. Yunus proved that he can earn profits by providing small loans to the poor, of course, on the premise that the scale is large, so that although no loan is issued, it can also make money through bulk loans. It can be seen that its essential significance lies in its size and not in the high interest rate.

Du Xiaoshan, chairman of the China microfinance alliance, said in an interview with the financial channel that P2P belongs to the public. To loan Private lending is an important part of formal finance, but there is also the risk of private lending. Liu Junhai, director of the Law School of Renmin University of China and director of the Institute of commercial law, said that if the current judicial interpretation does reach the upper limit of usury, whether the interest rate is reasonable is not too extreme to rely on this judgement.