1. In private lending, the interest rate is in Li. For example, the loans in Li Can represent 0.4% annual interest rate, 0.4% monthly interest rate and 0.4% daily interest rate respectively. However, it should be noted that the annual interest rate converted by the daily interest rate of 0.4% is as high as 144%, which obviously exceeds the highest interest supported by national laws. The annual interest rate is 0.4% and the monthly interest rate is 0.4%, both of which are within the legal interest range.

2. In private lending contracts, if the agreed interest rate is in centimeters, it is best to specify whether the interest rate is annual interest rate, monthly interest rate or daily interest rate, so as to avoid some disputes in the future.

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