Journal of Chaohu University ›› 2019, Vol. 21 ›› Issue (5): 54-60.doi: 10.12152/j.issn.1672-2868.2019.05.008
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At present, P2P has become one of the main ways of financing and personal credit for SMEs. As an emerging financial industry, the P2P platform has been continually exploding since 2018, and the platform is ready for reorganization. The article uses the Lending Club platform data to study the borrower's credit rating, loan term, loan-to-income ratio, and the impact of borrowing intentions on P2P online lending rates. The results show that the credit rating of the borrower directly affects the online loan interest rate and is negatively correlated with it. Secondly, under the condition of excellent loan level, the loan term is positively related to the loan interest rate; the loan -to -income ratio is positively related to the loan interest rate; if the loan is used for loan integration, the interest rate is higher. In the case of a poor loan level, the loan interest rate is positively correlated with the loanto-income ratio; it is not influenced by the loan intention and the loan term. The article expands a new perspective and studies its impact on loan interest rates. Based on the research results, reasonable suggestions are put forward to investors and investees to improve public vigilance and platform stability.
