1, the legal interest of private lending cannot exceed 4 times the listed interest rate of one-year loan market when the loan contract is established. If the loan exceeds the quota, the borrower can not pay this part of the interest, because usury is not protected by law.

2. In 2022 1 65438+1October 21day, the loan market quoted interest rate (LPR) was 3.65%, and the upper limit of judicial protection of private lending interest rate was 14.6%, which was significantly lower than the previous 24% and 36%.

Legal basis:

Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases

Article 25 If the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people's court shall support it, except that the interest rate agreed by both parties exceeds four times the market quotation of one-year loan at the time of the establishment of the contract.

Article 28. Where the Borrower and the Lender have agreed on the overdue interest rate, such agreement shall prevail, but it shall not exceed four times the market quotation of one-year loan at the time of the establishment of this Contract.

Article 680 of the Civil Code of People's Republic of China (PRC) prohibits high-interest lending, and the lending rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of 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.