Is consumer finance in Jin Meixin divided into orange stages?

With the popularity of e-commerce finance in recent years, more and more licensed consumer finance companies are directly involved. At present, such as Happiness Consumer Finance and Jin Meixin Consumer Finance, they are all launched in phased shopping malls.

It is understood that Zan is the partner of Happiness Consumption Gold Staging Mall, while Jin Meixin is the partner of Orange Staging.

Compared with the listing of Hong Kong stocks, the background of the orange staging platform seems to be slightly "civilian", but it is actually earlier and deeper in the field of cash loans.

Caijing noticed in Jin Meixin Financial App that the goods sold in its mall are operated by Orange E-Commerce Co., Ltd. on its behalf, and the installment service of goods is provided by Jin Meixin Consumer Finance Company.

In fact, at present, the cooperation between orange installment and Jin Meixin Consumer Fund is not limited to installment mall, which is one of the important funders of orange installment loan. A series of in-depth cooperation has been launched between them.

Some users complained that in February this year, they borrowed RMB 2,000 from Orange in six installments, with the repayment amount of RMB 369.6438+03 per installment. The lender was Jin Meixin.

Calculated by the internal rate of return, the real interest rate of this loan is 36%.

A number of borrowers said at the loan forum that the same series of "mouths" of staged oranges also include Muyu Youpin, Duoduo, Puman Pig and Youbu, which is called the "five-piece set" of orange loans; Orange staging customer service has also said that orange staging and piggy bank are cooperative relations of some mall products.

Some users complained that in March this year, they borrowed 6000 yuan from the App of piggy bank, and repaid 602.77 yuan in 12 installment. The lender is Jin Meixin. According to this calculation, the actual annualized interest rate of this loan has also reached 36%.

36% seems to be stuck in the interest rate ceiling, but it is quite embarrassing for Jin Meixin, which provides funds.

However, the data show that the company is still issuing loans with an annualized interest rate of more than 24% this year after clarifying the above requirements.

Industry insiders told Caijing that usury faces regulatory risks at any time, and another major risk comes from post-loan management, when the interest rate has been clearly set at 24%.

At present, the most effective way for the licensee to collect overdue users is legal action-enforcement, but in fact, the part with a comprehensive interest rate exceeding 24% will not be supported by law in court proceedings.

This is the harm of communication when cooperating with usury licensees. "Take the orange installment rate above, the normal repayment needs 36%, and the court only needs 24%. Some people naturally choose the latter; This will inevitably lead to an increase in the licensee's overdue rate and increase the licensee's capital cost rate. "

According to the data of official website, oranges were launched in September 20 14. Its main business is to provide staging and lending services for young users aged 23-50, especially female users, such as 3C digital products, watches, luxury bags, branded clothing, shoes and hats, branded cosmetics and other consumer goods or offline scenes.

In addition to commodity staging, orange staging also provides self-operated loan product "orange loan" and guides other loan products;

At present, there have been more than 600 complaints about orange staging, mainly involving usury, violent collection, malicious cancellation of orders after paying the deposit, etc.

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