男子陷“以贷养贷”，借款1741.58万，还款2887.6万！6名放贷者被刑拘

Core Viewpoint - The article highlights the alarming case of a Wuhan citizen, Mr. Gao, who fell into a cycle of debt after taking out a loan of 200,000 yuan, leading to a total borrowing of 17.4158 million yuan and repayments of 28.876 million yuan, yet still being told he owes over 4.7 million yuan [1][8][12]. Group 1: Loan Details - Mr. Gao initially borrowed 200,000 yuan but received only 188,000 yuan after deducting fees, which is a common practice known as "head-cutting interest" [4][6]. - The first loan led to immediate pressure to repay 41,000 yuan, and due to financial constraints, he was encouraged to take new loans to pay off old ones [5][6]. - Over time, Mr. Gao took approximately 100 loans, resulting in a total borrowing of 17.4158 million yuan and repayments of 28.876 million yuan, with a remaining debt of over 4.7 million yuan [8][12]. Group 2: Legal Implications - Six lenders have been detained for illegal business practices, with some facing serious charges under the law [9][12]. - The average interest rates on these loans were reported to be over 500 times the legal limit set by the government, which has recently changed to be based on the LPR index [12][13]. - The article emphasizes that practices like "head-cutting interest" and "trap loans" are targeted by law enforcement, with offenders facing potential prison sentences of five years or more [13].