According to the Supreme People's Court's Opinions on People's Courts Handling Lending Cases, "the interest rate of private lending can be appropriately higher than that of banks, but the maximum shall not exceed 4 times that of similar loans of banks".
According to the loan interest rate of 20 17 announced by the central bank, the annual interest rate of private loans in Chengdu is less than or equal to 24%.
What is the general interest rate of private loans in Chengdu?
The interest rate of private loans in Chengdu can't be given a definite value, but can only tell you that it will be affected by the following factors:
1, whether there is collateral. If collateral is provided, generally speaking, the floating range of private lending interest rate is lower than that without collateral.
2. The lender's own qualifications. Including income level, occupational stability, credit, etc. The better these aspects, the lower the interest rate will be.
3. Which lending institution to choose. Different private lending institutions give different interest rates, which requires everyone to know more and compare more to get the answer.
Editor's note: What is the general interest rate of private lending in Chengdu? I believe everyone knows something about it. Please forgive me for not giving you a specific value, but friends in Chengdu must find private lending institutions according to the standard of less than 24%, and never fall into usury.