Is the interest rate of loan experts high?

Whether the loan interest is high or not depends on who you compare with.

First of all, the annualized interest rate 18.25%, not exceeding 24%, is absolutely protected by law. So from a legal point of view, this absolute interest rate is not high. Secondly, the annualized interest rate 18.25% is converted into a daily interest rate of five ten thousandths, which is more in line with the loan interest rates of some consumer financial platforms, such as Alipay lending and WeChat micro-lending. The overdue interest rate of credit cards is also calculated at the daily interest rate of five ten thousandths. These unsecured and unsecured micro-loan products have higher loan interest rates because of the higher risks borne by the platform and banks. At present, affected by the epidemic, many consumer finance companies have sharply reduced their lending due to lack of money and overdue loans; However, bank credit loans have expanded substantially, and the annualized interest rate of some credit loan products of prime bank has dropped below 4%, even upside down with the deposit interest rate of some small and medium-sized banks. So the loan interest rate is relatively high. Thirdly, the interest rate trend in the loan market is to cut interest rates, but the interest rate of individuals is related to their qualifications. Although the external environment is to restore and stimulate the economy by reducing RRR and cutting interest rates, the market is not short of funds. But different personal qualifications enjoy different loan interest rates. For example, an online shop owner spoke out that "the policy has repeatedly lowered RRR and cut interest rates, but he can't even borrow 200,000." In fact, it is small and medium-sized enterprises, small and micro enterprises and the vast number of self-employed people who need credit funds most, but from the perspective of bank risk, they are precisely the groups with the greatest risk and the most difficult to obtain loans. There is a joke that the regulatory authorities have repeatedly refused to let consumer loans and commercial loans flow into the property market, but the bank governor was relieved when he heard that these funds flowed into the property market. Because at present, the risk of real estate is lower than that of the entity. Therefore, the embarrassment of policy and reality is that the group that needs money most is precisely the group that is the most difficult to get money and the most difficult to get low-interest funds. Summary: The annual interest rate of 18.25% is relatively high compared with most bank credit products at present, but it is protected by law. Although the loan interest rate has generally declined, what kind of interest rate the lender can enjoy is related to his own qualification rating.