Is the daily interest rate of 0.06% for borrowing 5000 yuan high?
Not tall. The daily interest rate of 0.06% complies with the law, and the annual interest rate converted from 0.06% is 0.06%×365=2 1.9%. The interest rate agreed between the borrower and the borrower does not exceed the annual interest rate of 24%, which is not high. If the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it. From the borrower's point of view, interest rate is the unit cost of using funds and the price that the borrower pays to the lender for using the lender's monetary funds. From the lender's point of view, interest rate is the rate of return that the lender obtains by lending monetary capital.