It is higher than the bank loan interest rate, but it is not usury, because it is usury if it exceeds 4 times the bank loan interest rate in the same period, and this interest rate is obviously not higher than 4 times the bank loan interest rate.

Policy loans are generally not much higher than the benchmark interest rate.

The annual interest rate is 8.4%, which is 3.09% higher than the benchmark annual interest rate of 5.3 1%, which is much higher and unreasonable.

I suggest asking the bank more, hehe.