Legal analysis: The provisions of People's Republic of China (PRC) Civil Code on private lending are as follows: 1. It is forbidden to lend at high interest rate, and the loan interest rate shall not violate the relevant provisions of the state. If no interest is stipulated in the loan contract, it shall be deemed as no interest; 2, the loan contract is not clear about the way of interest payment, the parties can not reach a supplementary agreement, according to the local or the parties' trading methods, trading habits, market interest rates and other factors to determine the interest. Loans between natural persons are regarded as interest-free.

Legal basis: Article 680 of the Civil Code of People's Republic of China (PRC) prohibits high-interest loans, and the loan interest rate shall not violate the relevant provisions of the state. If there is no agreement on interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.