The interest standard of 202 1 private lending is generally calculated by monthly interest 1%, but everyone's situation is different. Some people may be higher, while others may be lower. Generally speaking, the interest rate of mortgage loans will be lower than that of credit loans, because mortgage loans are secured by collateral, so the interest rate will be lower than that of credit loans. In addition, different banks will have different interest rates. You can compare the interest rates of different banks according to your own situation in order to find the best interest rate for you.

What is the latest annual interest rate of private lending?

The annual interest rate of private lending is 15.4%, which will be implemented from August 20, 2020.

The Supreme People's Law Interpretation [2020] No.6 "Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases" stipulates that in the first-instance private lending cases newly accepted after August 20, 2020, the loan contract was established before August 20, 2020, and the parties requested to apply the judicial interpretation at that time to calculate the interest part of the contract from August 19, 2020, which should be supported by the people; The interest part from August 20, 2020 to the loan repayment date shall be subject to the interest rate protection standards stipulated in these Provisions.

The annual interest rate is 15.4%. From Article 25 onwards, if the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people shall support it, except that the interest rate agreed by both parties exceeds four times the listed interest rate of the one-year loan market when the contract is established.

The "one-year loan market quotation" mentioned in the preceding paragraph refers to the one-year loan market quotation issued monthly by the National Interbank Funding Center authorized by the People's Bank of China from August 20th, 20th, 20th19th.

What is the legal interest of the latest private lending?

At present, the highest annual interest rate of private lending is 14.6%, and the highest monthly interest rate is 1.22%. In this range, it is legal.

The specific basis is as follows: According to Article 25 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, if the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people shall support it, except that the interest rate agreed by both parties exceeds four times the listed interest rate in the one-year loan market when the contract is established.

At present, the latest loan market quotation is August 22nd, 2022, and the loan market quotation (LPR) published by the National Interbank Funding Center authorized by the People's Bank of China is 65438+3.65%, with a term of 0 years, 5 years and above, and 4.3%. The above LPR is valid until the next LPR version.

According to the law, from August 22, 2022, the maximum annual interest rate of private lending is 14.6%, and the maximum monthly interest rate is 1.22%. After the new LPR of each LPR is published, the previous LPR will be invalid, and the interest rate of private lending will be adjusted with the change of LPR. Therefore, we should pay close attention to the LPR issued by the People's Bank of China in time and calculate the maximum annual interest rate of private lending according to the standard of 4 times LPR stipulated by law.

What is the highest interest rate of private loans?

1. Original provision: According to 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, if the interest rate agreed by both lenders and borrowers does not exceed 24% of the annual interest rate, the people should support the lender's request for the borrower to pay interest at the agreed interest rate. 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 paid interest exceeding 36% per annum, the people shall support it.

2. New Provisions: On August 20th, 2020, the Supreme People promulgated the Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, the core clause of which is to modify the original 24% legal protection clause, and determine the upper limit of judicial protection of private lending interest rates by taking the LPR issued by CFETS authorized by the People's Bank of China as the standard. According to the latest LPR interest rate of 3.85%, the upper limit of judicial protection of private lending interest rate is only 15.4%.

1. Loan interest refers to the reward that the lender gets from the borrower for issuing monetary funds, and it is also the price that the borrower must pay for using the funds.

2. The bank loan interest rate refers to the ratio of the interest amount to the principal amount during the loan period. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower limits of interest rates stipulated by the Bank of China.

3. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease. There are three factors that determine loan interest: loan amount, loan term and loan interest rate.

4. The default interest rate of overdue loans (loans that the borrower fails to repay on the date agreed in the contract) is changed from the current daily interest rate of 2. 1% to 30%-50% higher than the loan interest rate agreed in the loan contract; If the borrower fails to use the loan as agreed in the contract, the penalty interest rate will be changed from the current daily interest rate of five ten thousandths to 50%- 100% of the loan interest rate agreed in the loan contract.

5. For loans that are overdue or not used according to the purpose agreed in the contract, interest will be charged at the default interest rate from the date when they are used in loans overdue or not according to the purpose agreed in the contract until the loan principal and interest are fully paid off. For the interest that cannot be paid on time, compound interest shall be calculated at the penalty interest rate. Article 31 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases.

There is no agreed interest, but the borrower voluntarily pays or voluntarily pays interest or liquidated damages exceeding the agreed interest rate, which does not harm the interests of the state, the collective and the third party. If the borrower requests the lender to return it on the grounds of unjust enrichment, the people will not support it, except that the borrower requests to return interest exceeding 36% per annum.

What is the interest rate that the state allows private lending?

The state stipulates that the maximum annual interest rate of private lending shall not exceed 24%, which is legal.

Provisions of the Supreme People's Government on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 26 If the interest rate agreed by both borrowers and lenders does not exceed 24% per annum, and the lender requests the borrower to pay interest at the agreed interest rate, 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.

Extended data:

If the interest rate agreed by the borrower and the borrower does not exceed 24% per annum, and the lender requests the borrower to pay interest at the agreed interest rate, 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, the protection of interest does not exceed 24%; Interest of more than 24% and less than 36% is regarded as a natural debt, and it is not necessary to pay it back if it is given, and it cannot be paid if it is not given; More than 36% will not be protected.