I. Adjustment of Interest Rate of Private Lending On August 20, 2020, the Supreme People's Court issued the newly revised Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, which stipulated that the people's court should support the lender's request to the borrower to pay interest at the interest rate agreed in the contract, except that the interest rate agreed by both parties at the time of the contract was more than four times the market quotation of one-year loans. The "one-year loan market quotation" mentioned in the preceding paragraph refers to the one-year loan market quotation issued monthly by the National Interbank Funding Center authorized by the People's Bank of China from August 20th, 20th, 20th19th.

Maximum limit: 4 times the quoted interest rate of one-year loan market when the contract is established.

For example, the upper limit of judicial protection of private lending interest rate is adjusted to 15.4% based on the calculation of four times the quoted interest rate of one-year loan market released on August 20, 2020.

Second, the adjusted convergence problem Article 32 stipulates that after the implementation of these Provisions, these Provisions shall apply to new cases of private lending disputes accepted by the people's court of first instance. If the lending behavior occurred before August 20, 2009+August 20, 2065438, the upper limit of the protection interest rate can be determined by referring to four times the quoted interest rate of the one-year loan market when the plaintiff sued. After the implementation of these Provisions, if the relevant judicial interpretations previously made by the Supreme People's Court are inconsistent with this interpretation, this interpretation shall prevail.

Maximum limit:

1. If the lending behavior occurred before August 20, 20 19, the upper limit of the protection interest rate can be determined by referring to 4 times the quoted interest rate of the one-year loan market at the time of the plaintiff's prosecution.

2.2065438+The interest rate of the lending behavior after August 20, 2009 shall not exceed 4 times the quoted interest rate of the one-year loan market when the contract is established.

Iii. data of quoted interest rate (LPR) of previous loan market iv. inquiry guide of quoted interest rate (LPR) of loan market first enter official website of China people's bank, click on monetary policy, find the monetary policy toolbar, find the interest rate policy under the monetary policy toolbar, and click on the interest rate policy to see the authoritative quoted interest rate data of loan market.