(2) Personally, I think it is very risky.

According to the provisions of Article 6 of the Supreme People's Court's Opinions on the Trial of Loan Cases by People's Courts.

(1) The interest rate of private lending can be appropriately higher than that of banks, and local people's courts can specifically grasp it according to the actual situation in the region, but the maximum interest rate shall not exceed 4 times that of similar loans of banks (including interest rates).

(2) If this limit is exceeded, the excess interest will not be protected.

(3) It can be seen that in the "usury" clause in the private lending contract, the interest rate exceeding the legal standard is not protected by law, and the borrower can refuse to pay the interest exceeding the legal standard.