"Provisions of the Supreme People's Court 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's court shall support it, except that the interest rate agreed by both parties exceeds four times the one-year loan market quotation at the time of the establishment of the contract.
Extended data;
The bank loan interest rate is comprehensively evaluated according to the credit situation of the loan, and the loan interest rate level is determined according to the credit situation, collateral and national policy (whether it is the first suite).
The People's Bank of China has decided to lower the benchmark interest rate of RMB deposits and loans of financial institutions from July 6, 20 12. The benchmark interest rate for one-year deposits of financial institutions is lowered by 0.25 percentage point, and the benchmark interest rate for one-year loans is lowered by 0.3 1 percentage point; The benchmark deposit and loan interest rates of other grades and the deposit and loan interest rates of individual housing provident fund are adjusted accordingly.
From the same date, the lower limit of the floating range of the loan interest rate of financial institutions was adjusted to 0.7 times of the benchmark interest rate. The floating range of individual housing loan interest rate will not be adjusted, and financial institutions should continue to strictly implement differentiated housing credit policies and continue to curb speculative investment in housing.