Gold Leasing Turns into High-Interest Loans with Annual Interest Rates Exceeding 10x

NightAirdropper · 2026-03-15T05:46:59+00:00

An investigation reveals that some platforms are conducting disguised "loan sharking" by "renting" or installment purchases of mobile phones and other goods, with annual returns potentially exceeding 1000%. Target customers include individual merchants and those engaged in "debt-fueled borrowing," and these platforms can enhance contract enforceability through notarization measures.

NightAirdropper

2026-03-15 05:46:59

Abstract generation in progress

Gelonghui, March 15 — According to China News Service, recent investigations have found that some platforms are engaging in disguised high-interest lending by “leasing” or installment purchasing of physical goods such as mobile phones and gold. A service provider from a gold leasing platform stated that with an investment of only 30,000 to 50,000 yuan in franchise fees, one can earn an annual return of over 1,000%. Their target customers include individual merchants with steady cash flow, delivery personnel, and even people who “borrow to repay loans.” The service provider revealed that the platform can connect with notary offices, and after deducting a 20% commission for the notary department, they can handle “enforced notarizations” for contracts related to mobile phones, gold, cars, and other assets. The so-called “enforced notarization” refers to a legal document with the power of compulsory enforcement. Once issued, it has legal effect. The service provider said that with a notarization certificate, there is no need to go to court for breach of contract; a compulsory enforcement order can be issued directly.

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