What to do if Home Credit Finance s interest rate is too high

Make a separate platform and return Home Credit, Home Credit is a pit.

Home Credit has a 15-day cooling-off period, and if you call their customer service within 15 days from the date of signing the loan application form, and pay the loan principal in full to the designated account within 15 days, you can terminate the contract.

It is recommended to choose formal banking channels to apply for loans, and we recommend our bank's online quick loan.

Netfast Loan refers to a small consumer loan issued by ABC in cash to individual customers of ABC who meet certain conditions, and is self-applied for, quickly received, automatically approved, and self-service.

2) The borrower understands the product situation, the basic conditions of the loan and the handling process.

3) Fill in the basic information, the term of the loan to be applied, the borrowing and repayment account, the mailing address, etc.

4) The system verifies the validity of the mobile phone number.

6) Confirm the loan information, the amount of the loan to be applied for, the purpose of the loan, etc.

If the interest rate is too high to negotiate, it can be resolved through litigation. Where the agreed interest rate on private lending is too high, the court shall make a determination as to whether the interest rate is protected by law in strict accordance with the provisions of the judicial interpretation.

1. Interest with an annual interest rate of less than 24% is legal interest and should be upheld by the court.

2. If the borrower voluntarily pays the interest with an annual interest rate of between 24% and 36%, the court shall support it; The borrower is unwilling to pay, and the court does not support it.

3. Interest with an annual interest rate of more than 36% is illegal interest and will not be supported by the court.

Extended Information: As one of the first four pilot consumer finance companies approved by the China Banking Regulatory Commission, Home Credit Consumer Finance**** became the first wholly foreign-owned consumer finance company in China.

Home Credit Consumer Finance**** was established on November 10, 2010. As a fully compliant licensed consumer finance company, it officially opened in China at the end of 2010 and its shareholder is Home Credit Group, a leading international consumer finance service provider. Home Credit is committed to providing responsible financial credit and inclusive financial services to those who cannot be covered by traditional financial services, especially those with little or no credit history, and its business covers more than 300 cities in 29 provinces and municipalities across the country.

Home Credit has actively deployed intelligent customer service, and has widely used artificial intelligence products such as intelligent robots and quality inspection robots in a variety of scenarios, which has significantly improved operational efficiency. With excellent data capture and analysis capabilities, combined with modern cutting-edge technologies such as big data, cloud services, automation and biometric detection, Home Credit has infiltrated its core risk control and management capabilities into every aspect of its business process, so as to achieve efficient and immediate service to every customer, and become their lifelong trusted high-quality financial service partner.

Scope of business. 1) Granting personal consumption loans;

2) Accepting deposits from shareholders' domestic subsidiaries and domestic shareholders;

3) borrowing money from domestic financial institutions;

4) Issuance of financial bonds upon approval;

5) domestic interbank lending;

6) Consulting and business related to consumer finance;

7) ** Selling insurance products related to consumer loans;

8) Fixed income ** investment business;

9) Other businesses approved by the CBRC.

Hello, if the period is longer, you can apply for early repayment to save the interest and other expenses later, thank you.

Hello, glad for your question, the interest rate of Home Credit is too high, if more than 24% is a loan shark, then you can refuse to return it, beyond the interest, if the loan is overdue, you can also negotiate with the Home Credit platform to repay in installments.

Whether the interest on a Home Credit loan is legal depends mainly on whether it exceeds the country's regulations.

China's law stipulates that as long as the interest rate of the loan is within 24 per annum, it is not illegal, and the people's court supports it. If the interest on the loan exceeds the interest rate of 36% per annum, the excess amount is invalid, and if the borrower requests the lender to return the interest paid in excess of 36% per annum, the people's court will also support it.

As for the interest rate of Home Credit loans, the monthly interest rate is generally around the same time, and when converted into an adult interest rate, it is 30%, which is obviously beyond the 24% regulation and is far more than 4 times the bank's loan interest rate in the same period. So Home Credit loan interest is not legal. The borrower does not need to repay the amount of interest in excess of the illegal interest, and if necessary, he can file a lawsuit in court.

However, it should be noted that the principal and legal interest are still to be repaid.

Extended Information: How Much Is Interest Legit?

The maximum interest rate of private loans generally does not exceed 24% per annum, and the part paid that exceeds 24% but less than 36% is not refundable, and the part that exceeds 36% is not supported by law.

Hello, consumer financial services are still an emerging industry in China, and loans are unsecured, fast and convenient. It mainly serves low- and middle-income people who do not have easy access to credit card loans or other traditional bank loan services. Correspondingly, the loan risk will be relatively higher, so the fee will be higher than that of traditional banks.

The fees associated with consumer loan services provided by Home Credit mainly include interest, loan management fees, and customer service fees. Among them, the loan interest is formulated in strict accordance with the reference range of the loan interest rate table of the People's Bank of China for the same period. Home Credit is committed to providing transparent and responsible lending services to its customers, and fees are collected in accordance with relevant laws and regulations.

Answer: China's laws stipulate that the people's court will uphold the interest rate of the loan within 24 per annum. However, if the interest on the loan exceeds the interest rate of 36% per annum, the excess part is invalid, and if the borrower requests the lender to return the interest paid in excess of 36% per annum, the people's court will support it.

If the interest rate between 24% and 36% per annum is a natural debt, and the debtor voluntarily repays it, it shall not be required to return it.

The monthly interest rate of Home Credit loans is generally around the same month, and when converted into an adult interest rate, it is 30%, which is obviously beyond the 24% regulation and more than 4 times the bank loan interest rate in the same period. So Home Credit loan interest is not legal. And the borrower does not need to repay the amount of interest in excess of the illegal interest.

However, debts within the scope of principal and legal interest still need to be repaid.

Legal basis: Article 26 of the Several Opinions of the Supreme People's Court on the Trial of Loan Cases by the People's Courts: Where the interest rate agreed upon by the borrower and the borrower does not exceed 24% per annum, and the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it.

If the interest rate agreed between the borrower and the borrower exceeds 36% per annum, the interest agreement on the excess part shall be invalid. Where the borrower requests the lender to return the interest paid in excess of 36% of the annual interest rate, the people's court shall support it.

The reason for the high interest rate of Home Credit Financial loans is that Home Credit also has to bear multiple costs such as capital, bad debts, operations, advertising, etc., so if it does not increase the expense, it is very difficult to make a profit.

Home Credit interest is legal, even if you count the overdue liquidated damages, it will not exceed 36%, which can only be said to be relatively high. In addition, the interest rate of Home Credit is different for everyone, as long as the personal credit is good, the interest rate will continue to decrease after the repayment on time.

I borrowed 60,000 yuan from Home Credit to get me 50 installments. It's been my 25th issue now. The interest is more than 30,000 or 40,000. I don't know how high the interest is. Higher than the usury of the loan shark! If you are short of money, don't take out a loan from Home Credit. Interest scares people to death.

Hello, thank you for the feedback, Home Credit is a legitimate consumer finance company, before the processing, our company requires the sales staff to transparently and clearly explain the composition of various fees, the number of installments, the repayment time, etc., and wait for the consumer to confirm before registering the effective contract. If you have any questions about the cost, you can call Home Credit KF** for a detailed consultation, thank you.

I think it's also that the interest rate of Home Credit is too high, and I want to repay it early, and Home Credit can only pay it off after three months after I make an application, and Home Credit is the highest platform I have ever borrowed.

Interest is calculated based on the amount you borrow and the length of time you spend it. For the same amount, the longer the consumption installment, the higher the interest.

I brought 18,000 with Gitzo, returned 14 levels, and still had 37 questions.

The longer the installment time, the higher the interest rate.

I borrowed 26,000 and repaid it for a year, how can I still pay back 23,000 If I continue like this, it's not enough to pay him back.

The interest on the loan is too high to pay, you should also find a way to pay it off, you can ask your family for help, first help to repay the money you owe, after all, the loan overdue will have an impact on personal credit, will be included in the credit system, blacklisted, and bring trouble to future life.

After the borrower successfully applies for a loan, he must repay the loan according to the specified time, and do not have a fluke mentality and delay the repayment time, resulting in a bad personal credit record. In addition, the relevant departments will also do their best to recover the arrears of loans.

Home Credit has always advocated rational borrowing and repayment according to the contract, and will also provide humanized solutions for some customers who have unexpected situations. We would love to get in touch with you to discuss possible solutions. If you need help or consultation, please let us know your personal information by private message so that we can verify the processing.

This loan must be repaid, and Home Credit is on the credit information.

Lenders generally need to meet the following conditions:

1. Chinese citizens aged 18-65 who have a fixed residence in China, have a permanent residence in a local town, and are 18-65 years old;

2. Abide by laws and regulations, no illegal acts and bad credit records;

3. Have a good job with a proper and stable economic income, and have the ability to repay the principal and interest of the loan on time;

4. Other conditions stipulated by the bank.

The loan is 11,000, and it is repaid in 21 installments in each installment, and it has been repaid in ten installments, and there are still eleven installments, and the interest is too high and I don't want to repay it.

I paid back 45,000 in Home Credit for cash, 45,000, about more than 20,000, but I still have nearly 40,000 yuan to repay, I'm pregnant, and I can't move, what should I do?

The interest on the loan is too high, the return is not high, and you should find a way to pay it off, you can ask the family for help, help the money owed to repay first, after all, the default loan will have an impact on the personal credit investigation, can be included in the credit investigation system, enter the blacklist, and bring trouble to the future life.

After the borrower successfully applies for a loan, he must follow the prescribed repayment time, and there will be no fluke mentality, and the repayment time will be delayed, resulting in a bad personal credit record. In addition, the relevant departments will also make every effort to recover the defaulting loans.

Hello and thank you for your interest in Home Credit. Interest and related fees are included in the customer's monthly repayment, which is calculated by multiplying the remaining principal by the monthly loan interest rate. If you have any questions about the calculation of interest, you can always call Home Credit to inquire.

I was also cheated by the staff of Home Credit, because I didn't understand, the amount of 17,000, and gave me 57 installments, and each issue has been repaid 21 times, which is already yuan, and my mother has to be too in advance, which has doubled.

I only borrowed 34,000, and I have to repay more than 70,000, which is more than doubled.

Junk company! Black company! Scam company! Did Home Credit Advisors remind the loan officer of the 15-day consideration period when taking out a loan? Fart! It's a scam! What handling fees, service fees, interest, etc. are not mentioned? Junk company! It's a scam!

Home Credit loan shark, how can you still be on the credit report,

Home Credit does not go to the credit bureau, and an illegal company that comes to China to lend money from abroad that is not protected by national laws does not pay attention to him. So why do we check the credit record in the credit information center. That's because.

The microfinance company forged the victim's authorization and agreed to their collection and upload of credit records. As long as this authorization is canceled with the credit information center, the uploaded overdue records can be canceled.

Home Credit is a big pit, I took out a loan last year, repaid it for 9 months, repaid it every month, want to pay it off once, the result is a calculation, and the principal is repaid, I want to ask you why I have repaid 10,000 in 9 months, how to calculate that I still have to repay 10,000, this is not to say, if the total amount of repayment in 27 periods of the contract will reach more than 50,000, this is not a loan shark? How much more is it than the bank interest? can still be on the credit report, everyone must not go to home credit finance, you will regret dying if you stick it

Hello, Home Credit Financial Imitation Shirt Profit Empty Interest Margin is too high, the law stipulates that the annual interest does not exceed 24%, if it exceeds it, you can call Home Credit customer service for negotiation, if the negotiation fails, you can protect your personal rights and interests through legal effect, it is recommended to consult a lawyer.