The annual interest rate of banks is generally 24% to 30%, which is normal.

Second, interests are protected by law.

As a professional legal person, I would like to remind you that the Supreme People's Court's "Decision on Modification" issued on August 20th clearly stipulates that the upper limit of judicial protection of private lending interest rate is determined by the one-year loan market quotation (LPR) issued by the National Interbank Funding Center on the 20th of each month, which replaces the original provision that "two lines and three districts are based on 24% and 36%" and greatly reduces the judicial protection of private lending interest rate. For private lending, the interest protected by law is four times the quoted price of one-year loans in the same period (see the Supreme People's Court for details), instead of protecting the annual interest rate of 24% (more than 24% but not more than 36% is voluntary performance). "Fog is like rain, wind is like wind", and the respondent's answer is the legal provisions before the Supreme People's Court's regulations. I hope it helps you. Good luck.

/article/detail/2020/08/id/54 18555 . shhtml

3. What is the maximum loan interest stipulated by the state?

1. What is the maximum loan interest stipulated by national laws?

1, the state stipulates that the maximum loan interest shall not be higher than 36%.

(1) For some borrowers above 36%, they have the right to ask the lender to return them;

(2) For the part below 36% but above 24%, the people hold a neutral attitude, and if the repayment person is willing to pay back, the people will not stop it;

(3) People should protect the part below 24%.

2. Legal Basis: Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 26 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 market quotation of one-year loan at the time of the establishment of the contract.

Second, what is the legal punishment for breach of contract?

1, as long as the national statutory liquidated damages are less than 30% of the actual losses. The provisions of the state on liquidated damages mean that the parties may agree that one party shall pay a certain amount of liquidated damages to the other party according to the breach of contract, and may also agree on the calculation method of the amount of compensation for losses caused by breach of contract. Therefore, the penalty is punitive, and it is not based on the loss of the non-breaching party;

2. Generally speaking, the upper limit of contract penalty is not more than 20% of the target. But if it is too high or too low, you can ask for reduction or increase.