1. If the interest of 2 points is the monthly interest, then the interest of 1 month is the principal multiplied by 0.02, and the interest of one year is 12 months multiplied by the monthly interest;

2. If the interest of 2 points is the annual interest, the annual interest is the principal multiplied by 0.02.

Legal basis:

Article 25 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases.

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 4 times the market quotation of one-year loan at the time of the establishment of the contract.

The monthly interest rate of 2 points is the interest of 2% per month, and then the percentage is added. After the percentage, it represents the decimal part, and 5% represents it. 5, then the combined interest of 2 points can be understood as 2% monthly interest. Then calculate according to the interest formula:

1, interest = principal × interest rate× loan time.

2, private lending 2 points, the specific annualized is 2%* 12=24%, so the annualized real interest of 2 points is as high as 24%, so private lending is usury!

Take borrowing 20,000 yuan a year as an example:

1. For private loans, the interest is calculated as simple interest:

Bank deposit is simple interest method interest = principal × interest rate × term one-year interest =20000×2%× 12=4800 yuan.

2. usury companies calculate interest with compound interest, that is, calculate interest with compound interest.

The formula of (1) is F=P×( 1+i)N (power).

(2)F: compound interest final value P: principal I: interest rate N: integral multiple of interest rate acquisition time and sum of principal and interest = 20000× (1+2%)12 = 25364. 84 yuan

(3) Annual interest rate =25364. 84-20000=5364。 84 yuan?

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