1. According to Article 207 of the People's Republic of China (PRC) Contract Law, if the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or relevant state regulations.

2. According to Article 205 of People's Republic of China (PRC) Contract Law, the borrower shall pay interest within the agreed time limit. If the term of interest payment is not agreed or clearly agreed, and the loan term is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan.

3. According to the provisions of Article 211th of the Contract Law of People's Republic of China (PRC), if the loan contract between natural persons has no agreement or the agreement is not clear, it shall be deemed as non-payment. If the loan contract between natural persons stipulates to pay interest, the loan interest rate shall not violate the relevant provisions of the state on limiting the loan interest rate.

Extended data

According to article 2 12 of People's Republic of China (PRC) contract law,

A lease contract is a contract in which the lessor delivers the lease item to the lessee for use and income, and the lessee pays the rent.

Article 213 The contents of a lease contract include the name, quantity, purpose, lease term, rent, payment term and method, maintenance and other terms of the lease item.

Article 214 The lease term shall not exceed 20 years. More than twenty years, the excess part is invalid.

Upon the expiration of the lease term, the parties may renew the lease contract, but the agreed lease term shall not exceed 20 years from the date of renewal.

Article 215 If the lease term is more than six months, it shall be in written form. If the parties fail to adopt a written form, it shall be regarded as an indefinite lease.

Article 216 The lessor shall deliver the lease item to the lessee as agreed, and keep the lease item in line with the agreed purpose during the lease period.

Reference: Chinese Government Network-People's Republic of China (PRC) Contract Law