Reason:

1. Risk factors: Renren loan is a P2P platform, and the loan funds come from individual lenders. The borrowers are usually individuals or small and micro enterprises. Because the borrower's credit rating is low and there is high risk, the platform will raise the loan interest rate to cover the possible default risk.

2. Operating costs: Everyone needs to pay employees' salaries, platform operating expenses and other costs, which are reflected in the loan interest rate.

3. Market competition: P2P industry is highly competitive. In order to attract lenders to provide higher returns and ensure platform revenue, Renren may set higher interest rates.

Summary:

The relatively high interest rate of renren loan is mainly caused by factors such as high credit risk of borrowers, operating costs and market competition. When choosing a lending platform, we should comprehensively consider services such as interest rates and risks and make wise decisions.

Extended data:

P2P (Peer-to-Peer) lending refers to a lending model that connects borrowers and borrowers through a network platform. Renren loan is one of the earliest P2P platforms in China, which provides loan services for individuals and small and micro enterprises. When choosing P2P platform, we should pay attention to related risks and ensure our own interests.