The interest rate of Yiren Puhui loan is within the legal range and is not a very high interest rate.

Yiren Puhui is a credit loan product launched by Yirendai, a subsidiary of CreditEase Group. Yirendai is a loan matching platform. The platform itself does not participate in lending, so the Yiren Puhui loan model is compliant. . In addition, Yiren Puhui’s loan interest rates are also within the legal range, so you don’t have to worry about excessive interest payments.

In addition, when borrowing money from Yiren Puhui, if it is overdue, a credit report will be filed, and a series of overdue fees will be incurred. It is recommended to repay each loan period on time to avoid overdue loans. The maximum loan interest rate is 36, which is legal. An annual interest rate exceeding 36 is considered usury. If the lender requests the court to ask the borrower to pay the excess interest, the court will not support it.

Extended information:

The Yiren Puhui loan interest is introduced as follows:

The loan interest rate exceeds 24 and is lower than 36, if the borrower fails to repay this part of the interest If the lender asks for repayment, the court will not support it; if the borrower asks the lender to repay the loan, the court will not support it.

In other words, the annual interest rate of the loan is within 24, which belongs to the judicial protection zone, and the part between 24 and 36 belongs to the natural debt area; the interest part exceeding 36 belongs to the invalid zone. Borrowing interest rates generally fluctuate based on the central bank's benchmark interest rate.

Baidu Encyclopedia-Yirendai

People's Daily Online-Supreme Law: Severely punish new crimes such as "routine loans" and strictly abide by the legal red line of interest rates