Is Paipaidai legal and legal? Is the interest rate high?

Paipai Dai is formal and legal, with financial qualifications. However, the interest rate on Paipai Dai is too high. The comprehensive annualized rate of Paipai Dai loans is 9~15.4 (the actual interest rate is subject to approval). Moreover, the official website of Paipaidai is equipped with an interest calculator. According to the amount, interest rate, and time to be borrowed, you can see the interest required for borrowing with just one click. Therefore, for the question "How high is the interest rate of Paipaidai?" For one question, you can perform self-service inquiries and calculations through the above methods.

1. Paipaidai was established in June 2007. The company's full name is "Shanghai Paipaidai Financial Information Services Co., Ltd.". It is headquartered in Shanghai, the international financial center. It is China's first online credit lending platform. . Paipaidai is the first Internet financial platform in China that has been specially approved by the industrial and commercial department to obtain a business scope license for "financial information services" and recognized by the government. Paipaidai uses advanced concepts and innovative technologies to establish a safe, efficient, and transparent Internet financial platform to standardize personal lending behavior, allowing borrowers to improve their production and life, and lenders to increase investment channels. Paipaidai believes that with the development of the Internet and the improvement of China's personal credit system, advanced concepts and innovative technologies will bring historic changes to private lending, and Paipaidai will be the leader of this change.

2. Paipaidai was established in June 2007. The full name of the company is "Shanghai Paipaidai Financial Information Services Co., Ltd.". It is headquartered in Shanghai, the international financial center. It is China's first online credit lending platform. .

3. Paipaidai is the first Internet financial platform in China that has been specially approved by the industrial and commercial department to obtain a "financial information services" business scope license and recognized by the government. Paipaidai uses advanced concepts and innovative technologies to establish a safe, efficient, and transparent Internet financial platform to standardize personal lending behavior, allowing borrowers to improve their production and life, and lenders to increase investment channels. Paipaidai believes that with the development of the Internet and the improvement of China's personal credit system, advanced concepts and innovative technologies will bring historic changes to private lending, and Paipaidai will be the leader of this change.