That is, the installment platform frequently stepped on the thunder medical beauty loans, and high-interest loans and illegal lending were repeatedly prohibited
Recently, a number of consumers said on the black cat complaint platform that they were induced by marketers to download the scene financial technology platform under the Shanghai Jike Intelligent Technology Group Co., Ltd. (hereinafter referred to as "Jike Finance") when they made medical beauty consumption in offline stores, and handled medical beauty installment loans through the platform.
In addition, the phased platform cooperation institution is suspected of issuing loans to college students in violation of regulations. A number of college students reported that they were attracted by low-cost online advertisements to offline medical beauty stores for consumption, and then told by offline marketers that the cost of treatment was actually not cheap, and it was recommended to pay in installments, and marketers recommended college students to download the installment platform and apply for medical beauty loans for consumption. Industry insiders said that although the regulatory authorities have issued three orders and five declarations and explicit prohibitions on "campus loans", lending institutions often take risks for high returns.
High-interest medical aesthetic loans
According to the information disclosed on the official website, the installment platform covers various consumer loan fields such as medical treatment, big health, education, digital 3C, etc., of which medical beauty is one of the main business scenarios of the platform.
At present, the chaos of medical beauty loans on the installment platform has been repeatedly prohibited, including excessive loan interest rates, high handling fees, and inducing college students to take out loans.
Li Le (pseudonym) told the "China Science and Technology Investment" reporter that in December 2020, under the promotion of a marketer of a beauty salon in Chengdu, she handled a 30,000 yuan beauty installment loan on the instant installment platform, which was repaid in 24 installments, repaying the principal of 1250 yuan per installment and 450 yuan in interest. Recently, Li Le checked the repayment bill and found that in the 11 bills to be repaid, a total of 18,700 yuan of principal and interest needed to be repaid, and the comprehensive borrowing cost of the loan was 10,800 yuan. The reporter learned through the IRR interest rate calculation that the interest rate per period of the loan was 2.62%, and the comprehensive annualized interest rate was 31.46%. According to Li Le, the interest rate indicated on the loan contract with the installment platform is 1.5%.
*i.e. repayment bills on the installment APP, provided by respondents
The reporter checked the black cat complaint and found that many users complained that the interest rate of the medical beauty installment loan of the installment platform was too high. Among them, a user said that it borrowed 30,000 yuan on the instant installment platform, repaid it in 24 installments, repaid 1730 yuan per month, and the total interest was as high as 11520 yuan, with a total repayment of 41520 yuan. Calculated based on the IRR interest rate, its combined annualized interest rate reaches 33.38%.
* A number of users complained that the interest rate of the installment platform loan was too high, and the screenshot was from the black cat complaint
According to the relevant provisions of the Several Opinions of the Supreme People's Court on Further Strengthening financial adjudication work, the people's courts should strictly follow the laws and regulations to make usury loans, and give an annualized 24% upper limit on the interest rate of financial institutions. If the borrower of a financial loan contract requests a reduction in excess of the total annual interest rate of 24% on the grounds that the interest, compound interest, penalty interest, liquidated damages and other expenses claimed by the lender at the same time are too high and significantly deviate from the actual situation, it shall be supported.
Li Le also told reporters that the loan is not directly into the bank card bound to it on the instant installment platform, but directly into the account of the beauty salon, which leaves a certain space for "fraudulent loans", according to the "China Economic Network" news, that is, the installment platform has cooperated with a medical beauty institution in Chengdu to lend, using false beauty surgery contracts, false bank flows and other information to apply for bank loans, after the medical beauty institutions and intermediaries deduct the handling fee, the final loan amount issued to the loan user is only 30%-60% of the approved loan amount.
In addition, the instant installment platform and Guangdong Nanyue Bank Co., Ltd. (hereinafter referred to as "Nanyue Bank") to carry out loan assistance, frequently involved in credit disputes, a number of users complained that they through the installment platform to handle medical beauty installment loans, the lender is Nanyue Bank, after several years of repayment of the loan, but found that the credit report appeared overdue records. Nanyue Bank has publicly responded to this, that is, the installment platform did not return the money to the bank in time, resulting in overdue records of the user's credit report; that is, the installment platform publicly stated that the user's bill on the platform had long been settled, and it was the internal problems of the Nanyue Bank that led to the overdue credit report. Nanyue Bank and the instant installment platform have their own opinions, and the user's overdue credit record is still to be resolved.
Cooperative institutions are suspected of inducing college students to take out loans
Wang Wen (pseudonym), a college student, told The China Science and Technology Investment reporter that when she went to the beauty salon in October 2021 for consumption, she was recommended by the staff of the beauty salon to open a phased platform for loans. It is worth noting that the staff of the beauty salon, on the premise of knowing that Wang Wen is a college student, still advised her to open the installment platform to make a loan.
On the third-party complaint platform, it is not uncommon for students who have similar experiences to Wang Wen. Beauty salon staff often use low-cost beauty as a gimmick to attract school students to the beauty salon for experience consumption, and then sell high-priced medical beauty projects to school students, and induce school students to download and use the installment platform for loan consumption with installment payment. In the process, staff often persuade students to claim that they are not students when recording videos for loan approval.
* A number of students complained about the problem of inducing loans on the installment platform, screenshot from the black cat complaint
The reporter found that the loan age condition announced on the installment APP is 18-55 years old, and the bottom of the introduction page of its loan assistance business "that is, there is money" prompts that "this service is temporarily not open to students", and the age requirement for users in the registration service agreement of its installment consumption card "Big Goose Card" is 18 years old.
In February 2021, the China Banking and Insurance Regulatory Commission and five other ministries and commissions jointly issued the Notice on Further Regulating the Supervision and Administration of College Students' Internet Consumer Loans (hereinafter referred to as the Notice), pointing out that microfinance companies should strengthen the substantive verification of the identity of loan customers, and must not set college students as the target customer group of Internet consumer loans, must not target college students for precision marketing, and must not issue Internet consumer loans to college students. Lending institutions outsourcing cooperative institutions should strengthen customer selection, and must not use false, misleading or inducing publicity and other improper methods to induce college students to consume ahead of time, excessively borrow, must not target college student groups with precision marketing, and must not push and drain college students to lending institutions.
Zhang Zhenmin, a lawyer at Beijing Jingshi Law Firm, told China Science and Technology Investment that although the "Notice" does not stipulate the age of college students, college students in school specifically refer to a group of people, that is, a group of people who are receiving basic higher education and professional higher education and have not yet graduated into society. College students who have reached the age of 18 are still college students, and granting loans to them still violates the relevant provisions of the Notice.
Yuan Shuai, deputy secretary-general of the Rural Revitalization and Construction Commission, told reporters, "College students have a weak awareness of the harm of online loans, while college students have no source of income, their ability to bear risks is relatively weak, and it is easy to overdue, and then fall into the quagmire." According to previous media disclosures, more than half of the customers of some small loan companies are college students, and even some companies design loan products specifically for college students to induce college students to make loan consumption. This phenomenon not only poses a huge risk of bad debts for lenders, but also places a huge burden on the college student population. ”
"For the consumer credit needs of college students, under the premise of controllable risks, various banking financial institutions can develop targeted and differentiated Internet consumer credit products, and establish and improve the corresponding risk management system and early warning mechanism, strengthen pre-loan investigation and evaluation, and attach importance to post-loan management supervision," Yuan Shuai further added.
In response to the credit dispute of the instant installment platform and the suspected inducement of college students to apply for loans and other related issues, the reporter sent letters to Instant Finance and Nanyue Bank respectively, and as of press time, no reply has been obtained.
Source: Zhongke Finance