The loan interest rate stipulated by the state is as follows:
1. If the loan is within one year (including one year), the interest rate is 4.35%.
2. For one year to five years (including five years), the interest rate is 4.75%.
3. For more than five years, the interest rate is 4.90%.
Interest rate range stipulated by the state: the annual interest rate agreed by both borrowers and lenders is less than 24%, which is protected by law. The annual interest rate agreed between the borrower and the borrower exceeds 24% and does not exceed 36%, which is not protected by law and belongs to natural debt. The annual interest rate agreed between the borrower and the borrower exceeds 36%, which is not protected by law, and the excess interest is invalid.
According to the provisions in the Notice of the People's Bank of China on Banning Underground Banks and Combating usury, the interest rate of private personal loans shall be determined by both borrowers and borrowers through consultation, but the interest rate determined through consultation between the two parties shall not exceed 4 times (excluding floating) the loan interest rate of financial institutions of the same grade at the same period announced by the People's Bank of China. Those who exceed the above standards should be defined as high-interest loans.
Article 26 of the Supreme People's Court's Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases stipulates that if the interest rate agreed by both lenders and borrowers does not exceed 24% per annum, the people's court 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. The people's court shall support the borrower's request to the lender to return the part of the interest paid that exceeds 36% per annum.
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Usury is a financial term that refers to loans with extremely high interest rates. In usury activities, if high-interest lending reaches a certain amount, it constitutes the crime of illegally absorbing public deposits; For the purpose of lending, taking credit funds from financial institutions and lending them to others at a high interest rate, the illegal amount is large, which constitutes the crime of lending at a high interest rate; For the purpose of illegal possession, illegal fund-raising by fraudulent means, with a large amount, constitutes the crime of fund-raising fraud; Usury can easily lead to criminal offences such as illegal detention, kidnapping, injury and fraud; Non-governmental intermediaries and individuals lend at high interest rate with their own funds, which belongs to non-governmental lending behavior. If there is a loan dispute, it belongs to the category of civil adjustment.