Refusing to return Xiaomi to borrow a small loan with a small loan, the borrower was sentenced to 24%of the annual interest rate

China Journal Document Network recently disclosed that Chongqing Xiaomi Micro Loan Co., Ltd. and Su Moumou's related loan contract disputes first instance civil judgment, Liaoning Liaoning County People's Court ordered Su Moumou to repay Xiaomi Suixing (former Xiaomi loan) principal 9000Yuan and annual interest rates are 24%penalty.

Tianyancha APP shows that in October 2020, Su Moumou signed "Personal Consumption Loan" with Xiaomi Sui Xing, with a loan of 9,000 yuan, a loan period of 12 months, and the initial interest rate of the loan was 0.07%.Based on the repayment after 836.73 yuan.

Xiaomi Sui Xing requested the court to order Su Moumou to repay the principal of 9,000 yuan and interest and interest on January 10, 2022, and the total was 11,784 yuan.

The Liaozhong County People's Court tried that Su Moumou did not repay the repayment obligation, and the default should bear the liability for breach of contract.The annual interest rate of 24%calculated interest and penalties did not exceed the laws and regulations, and recently made the above -mentioned judgment in the first instance.

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