The monthly interest rate of 3 points is converted into annual interest rate, that is, the annual interest rate is 36%, and the monthly interest rate of 3 points belongs to. According to Article 26 of the Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, if the interest rate agreed by both lenders and borrowers does not exceed 24% per annum, the people 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. If the borrower requests the lender to return the interest paid in excess of 36% per annum, the people shall support it. In other words, as long as the annual interest rate of private lending is within 24%, it is legal; If the annual interest rate exceeds 36%, the annual interest rate does not exceed 36%. So the monthly interest rate of 3 points belongs to.

Social harmfulness:

Cause public security, criminal cases and. First, it is easy to cause public security cases and. Seeing that it is difficult to pay off debts due to poor management, the perpetrator simply absconded. In the end, creditors who are eager for money will concentrate on robbing, smashing, robbing the banker's house and property, and even hurting people, which will expand the situation into. Second, it is easy to trigger criminal cases. Because it is not protected by law, in order to obtain more benefits, lenders often use language threats, illegal detention and even the use of underworld organizations to force debts when borrowers cannot withdraw high interest or principal, which can easily lead to vicious cases such as robbery, injury and murder.

After a long time, it is easy to produce evil forces. High-interest lenders tend to gather a group of bold social idlers with criminal records, who are responsible for recovering debts. Threatening, pestering or illegally detaining borrowers who can't repay their debts due will easily form evil gangs and bring great harm to social stability.

Endanger social and economic order. At present, there are many disadvantages in bank loans in China, such as too high threshold and too many procedures. The blockage of legal financing channels has forced some individuals and units to borrow at interest rates several times and dozens of times higher than those of banks. Although it can sometimes solve the urgent needs of some individuals and units, in the long run, this kind of lending behavior will not only damage the country's financial market order, but also damage the country's economic development.

Supreme Law-Provisions on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases

How to calculate the interest of 3 points on the loan?

3% interest refers to the monthly interest rate, which means that the monthly interest rate is 3%.

1. Suppose the loan is 1 ten thousand yuan and the term is 1. For private loans, interest is calculated at simple interest. Bank deposit is simple interest method interest = principal × interest rate × term interest of one year =100000× 3% ×12 = 36000 yuan.

2. Standard formula for calculating bank loan interest:

1) current month loan interest = monthly interest rate of remaining principal loan last month;

2) Principal paid in the current month = repayment amount in the current month-loan interest in the current month;

3) Remaining principal of last month = total loan amount-accumulated principal repayment;

Extended data:

I. Liquidity:

1. Calculation method: In the financial analysis of the project, the interest of the working capital loan is calculated as simple interest, and no matter when the loan occurs, it is assumed that the interest is borrowed at the beginning of the year; In addition, because the working capital is used for turnover, it is generally assumed that the working capital loan will not be returned during the production and operation period, but will be returned once at the end of the project.

2. Therefore: annual interest rate of working capital loan = accumulated working capital loan in the current year × annual interest rate of working capital loan.

3. Description: Taking a project as an example, it is estimated that the newly-increased working capital loan of this project will be 3,305,900 yuan in the third year and 31.1.200 million yuan in the fourth year, totaling 36 1.7 1.00 million yuan, and the interest of working capital loan in each year. The 4th to14th year: (330.591.12) × 8.64%-31.25 (ten thousand yuan).

Second, long-term loans:

1. Calculation method: In order to simplify the processing, when calculating the principal and interest of long-term loans, it is assumed that each year's loan occurs in the middle of the current year, so the interest is calculated only half a year and repaid at the end of the year; The outstanding principal of this year and the loans of previous years form the "loan accumulation at the beginning of next year", and the interest is calculated on an annual basis.

2. In this way, the approximate calculation formula of annual accrued interest is as follows: annual accrued interest = (accumulated loan amount of loan principal at the beginning of the year /2)× annual interest rate;

3. For example, in the second year of the construction period, a project only borrowed a long-term loan of 5.5 million yuan with an annual interest rate of 9.9%. If the project is put into production in the third year, the accrued interest in the second year is (0550/2)×9.9%=27.23 (ten thousand yuan), and the accrued interest in the third year is (55027.230/2)× 1