Usury Is Not Protected By Law.

2011/9/19 9:27:00 25

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In order to popularize interest rate knowledge and enhance the temptation of the public away from the temptation of high profits

Protection consciousness

Last Saturday, the Nanjing finance office and the Nanjing branch of the people's Bank of China jointly organized the interest rate policy promotion into community activities.

In response to the recent hot private lending in many areas, experts from the bank reminded the public to be vigilant against the trap of illegal fund-raising.

Experts say that illegal fund-raising has four characteristics: first, the funds are not approved by the relevant departments or borrowed in the form of legitimate operation; the two is through the media, promotion, leaflets, cell phone messages and other channels to publicize to the public; three is to promise to repay interest or pay returns in a certain period of time in money, physical property, equity and other means, and four is to absorb funds to the public, that is, the specific objects of society.

"In addition, the public should also know that the interest rate of private lending can not exceed 4 times the benchmark lending rate of commercial banks.

Regarding the yield of bank financial products, the relevant experts explained that the expected yield of financial products is not.

Real rate of return

On the one hand, the annual rate of return is converted from the current rate of return (daily rate of return, weekly yield and monthly rate of return); on the other hand, the expected rate of annual yield is often the most ideal income, which is often difficult to achieve in practice.

The interest rate of the two suite now fluctuated greatly.

Related experts explained that according to the State Council regulations, the proportion of two suites Shoufu not less than 60%, the loan interest rate is no less than

benchmark interest rate

1.1 times, banks everywhere can float freely.