What does campus loan mean?

Campus loan refers to the behavior of students borrowing from formal financial institutions or other lending platforms. The types of campus loans include:

1, consumer finance companies, such as interesting installment and arbitrary installment;

2.P2P lending platform, namely online lending platform;

3. Offline private lending, private lending institutions and lenders, commonly known as usury;

4. Campus products provided by banking institutions and banks for college students.

legal ground

Article 26 of the Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases (revised in 2020)

If the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people's court shall support it, except that the interest rate agreed by both parties exceeds 4 times the market quotation of one-year loan at the time of the establishment of the contract.

The "one-year loan market quotation" mentioned in the preceding paragraph refers to the one-year loan market quotation issued monthly by the National Interbank Funding Center authorized by the People's Bank of China from August 20th, 20th, 20th19th.