The Analysis Of The Factors Affecting The Interest Rate Of P2P And The Construction Of The Pricing Model

At present,China economy is restructuring and industrial upgrading,investment driven era is gone,consumption has become the biggest driving force to promote economic growth at the same time,the Internet technology has been rapid growth in China,innovation driving force has left the world forefront.Against this background,Internet finance is booming.The P2P financial model came into being,and has made great progress in recent years.The representative "interesting shop" was launched in the US in October 2017.P2P(peer to peer)refers to a person's loan to the owner of a personal capital,which refers to a transaction that the fund demand person borrows directly from the fund provider.This kind of transaction is different from the traditional financial lending without the participation of the bank as an intermediary,so it has the characteristics of short term of borrowing and high interest rate of borrowing.P2P network lending by the spontaneous formation of the market,is the micro lending subject in regard to the basic transaction cost and risk factors on the outcome of the game,is a concrete manifestation of folk capital supply and demand situation,the interest rate level is mainly affected by the opportunity cost,risk cost,transaction cost and capital supply and demand conditions and other factors.Because of the characteristics of the P2P network lending market supply and demand with the game,and reflects the transaction costs and risks and other factors,makes the interest rate more practical interest rate influencing factor analysis also has its practical significance,the borrower is to avoid the financial risk and ensure the success rate of the loan,the investors should the pursuit of high returns and avoid the risk of default,analysis of the factors affecting the interest rates in this case is important,for both parties to provide substantial reference for decision-making,good operation and risk control of the platform between provides evidence,can also provide the industry standard for the market.China's P2P industry is facing fierce competition.Different P2P network lending platforms take into account the differences between platform participants and regions.Interest rates also show different levels,trends and structural characteristics.Because of the fierce competition between the platforms,the P2P network lending platform shows the trend of interest rate marketization.It can be seen that the level and characteristics of P2P network lending rate provide a good observation sample for interest rate marketization reform,and the research and analysis of its interest rate has reference value.The research on the factors affecting the interest rate of the P2P network is still in the initial stage,both in theory and in reality.Therefore,the study of this article has its value and significance.For the analysis of factors of P2P network lending rates,the paper will present situation from the domestic and international development of P2P network platform,combing the concept and relation of P2P net loan of the interest rate at the same time,to produce various types of financial products were analyzed,preliminary determine the factors of interest rates P2P network.After the analysis of the current domestic and foreign research on P2P net loan,summarize the problems and provide a theoretical basis for the follow-up research.And then qualitative analysis of P2P net loan pricing model,analysis of its advantages and disadvantages and the possible influencing factors in different modes.Then,taking interest rate as the dependent variable,borrowers'information and personal information are taken as independent variables to conduct quantitative analysis of influencing factors,and build models and test them.In the part of quantitative analysis,this paper selects "ppdai" platform as the research object,with the help of Python software and engineering characteristics analysis method,selects the loan repayment success and the success of data,using the Xgboost framework to open a pat on the loan customer related loan information(age,gender,education,credit,Taobao certification,history of borrowing)as a result of variable quantitative research,construct P2P net loan transaction rate calculation model,and verify the validity of the existing data model.Finally summarized the conclusion,put forward the feasible suggestions for further three party net loan,net loan platform and government supervision,through the analysis of P2P network credit interest rate factors,contribute to the healthy development of theoretical research and the interest rate market for Internet banking.