How much is the interest higher than usury?
If the loan interest exceeds the annual interest rate of 36%, it will be regarded as usury. If the interest rate agreed by the borrower and the lender does not exceed the annual interest rate of 24%, the people's court shall support it.
The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid. The people's court shall support the borrower's request to the lender to return the part of the interest paid that exceeds 36% per annum. How much is the general loan interest?
Financial institutions independently set loan interest rates according to the benchmark loan interest rate stipulated by the People's Bank of China and their own business objectives.
The benchmark loan interest rate is the reference standard designated by China people for commercial banks. Generally speaking, commercial banks will float 10% on the basis of the benchmark loan interest rate. For example, the one-year loan interest rate rises 10%, which is the annual interest rate), and the standards for each bank to rise are different.
In contemporary society, the lending between natural persons is in accordance with the provisions of the law, and the interest rate can also be agreed, but this interest rate cannot be too high, and it will not be supported by the law if it is too high. The maximum loan interest rate cannot exceed 4 times of the bank's loan interest rate for the same period.
The above is the sharing of "how much interest is higher than usury", I hope it will help everyone!