The annual interest rate is within 36%

According to Article 26 of the "Regulations of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases", the interest rate agreed upon by the borrower and the borrower has not If the annual interest rate exceeds 24% and the lender requests the borrower to pay interest according to the agreed interest rate, the people's court shall support it. If the interest rate agreed upon by both parties exceeds the annual interest rate by 36%, the excess interest agreement is invalid. If the borrower requests the lender to return the interest that has been paid in excess of 36% of the annual interest rate, the People's Court shall support the request.

The annual interest rate of national loan interest is protected by law within 36%, which means that the maximum annual interest rate is 36%. If the debtor repays the loan before the expiration of the loan period or when there is no agreed repayment period, and if the creditor requires repayment, the debt is repaid within a reasonable period, no interest will be paid. In order to avoid the situation where the parties agree that the interest rate is too high and the debtor bears too much interest, the judicial interpretation stipulates that if the borrower requests the lender to return the interest that has been paid in excess of 36% of the annual interest rate, the people's court should support it.