Legal analysis: 1983, Huaxi village started with a life-long interest-free loan, but a life-long interest-free loan does not mean that it will not be repaid. On the contrary, it is a form of father-son debt repayment, which belongs to the backward credit concept and was completely abolished after 1990.

Legal basis: Article 680 of the Civil Code of People's Republic of China (PRC) prohibits high-interest lending, and the lending rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.