If the loan is less than 6 months (inclusive), the annual bank loan interest rate is 5.60; four times is 22.4; 6 months---1 year (inclusive), the annual bank loan interest rate is 6, four times is 24; 1 year to 3 years, the annual interest rate of bank loans is 6.15, and four times is 24.6; the private borrowing interest rate is more than four times higher than the bank loan interest rate in the same period, and is not protected by law. Tip: At the end of the IOU, use the pen prepared by the person who lent the money to sign, to prevent the person who borrowed the money.
The current loan base interest rates are: 4.35 for less than 1 year, 4.75 for 1 to 5 years, and 4.90 for more than 5 years. Four times the loan interest rates during the same period: 17.4, 19, 19.6.
The bank's loan interest rate for the same period is 4 times. The interest is calculated in stages based on the time when the interest rate is adjusted. The interest rate can be 4 times the same period for the agreed borrowing time (for example, one year of borrowing), or the actual loan period (December 2011) can be used. The interest rate for the same period from March 8 to present is 4 times.
The calculation method of four times the bank's loan interest rate for the same period: take the bank's loan interest rate for the same period and multiply it by 4, and you will get four times the bank's loan interest rate for the same period.
Four times the bank loan interest rate for the same period generally refers to the benchmark loan interest rate announced by the People's Bank of China. For example, the current one-year loan benchmark interest rate is 6, then 4 times is 24. If the annual interest rate exceeds 24 for a loan, , then the part in excess is not protected by the court.
In private lending, the interest rate shall not be higher than 4 times the bank’s loan interest rate for the same period in the same period:
1. If there is an agreement on the interest during the loan period, the agreement shall be followed, for example, the monthly interest rate shall not exceed 3 The court will protect 4 times the bank's loan interest rate for the same period; there is no agreement on interest outside the loan period, and the interest agreement within the loan period does not naturally apply;
2. The correct understanding of "4 times the bank loan interest rate" It is "4 times the bank's loan interest rate for the same period", so it can be calculated in sections; the other term "4 times" means that the court will protect the part within 4 times, and you can realize the part exceeding 4 times through other means;
3. Whether it is interest or liquidated damages, it can only be agreed upon. Since there is no agreement on interest outside the loan period or an agreement on liquidated damages in your lending relationship, it does not necessarily mean that the upper limit is 4 times; You cannot claim interest for the interest beyond the loan period, because there is no agreement; but you can claim liquidated damages, but you have not agreed on the standard of liquidated damages. Then according to Chinese law, liquidated damages are generally compensation for losses, and your losses are interest losses. , then your liquidated damages can only be calculated based on the bank’s loan interest rate for the same period.