Thank you sunsfc for the info. Glad to know the brokerage fee is...

Thank you sunsfc for the info. Glad to know the brokerage fee is fixed at percentage instead of dollars and 600$ is the minimum loan amount. If we assume the larger the loan amount is, the longer the loan term is, we can conclude that the 160% annualised rate is really the worst case. E.g., say someone borrowed 2000$ for, say, half a year, she(he) was charged 35% brokerage and 24% interest, the annualised interest rate would be 118% instead of 160%.
I am more confident that 20m compensation will be the worst scenario for share holders