The maximum annual interest rate of private lending shall not exceed 36%, and the interest agreement exceeding part shall be invalid. Legal basis: Article 26 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases: If the interest rate agreed by both borrowers and lenders does not exceed 24% per annum, the people shall support it. The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid. If the borrower requests the lender to return the interest paid in excess of 36% per annum, the people shall support it.
2. What is the highest interest rate for private lending?
At present, the highest annual interest rate of private lending is 14.6%, and the highest monthly interest rate is 1.22%. In this range, it is legal.
The specific basis is as follows: According to Article 25 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, if the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people shall support it, except that the interest rate agreed by both parties exceeds four times the listed interest rate in the one-year loan market when the contract is established.
At present, the latest loan market quotation is August 22nd, 2022, and the loan market quotation (LPR) published by the National Interbank Funding Center authorized by the People's Bank of China is 65438+3.65%, with a term of 0 years, 5 years and above, and 4.3%. The above LPR is valid until the next LPR version.
According to the law, from August 22, 2022, the maximum annual interest rate of private lending is 14.6%, and the maximum monthly interest rate is 1.22%. After the new LPR of each LPR is published, the previous LPR will be invalid, and the interest rate of private lending will be adjusted with the change of LPR. Therefore, we should pay close attention to the LPR issued by the People's Bank of China in time and calculate the maximum annual interest rate of private lending according to the standard of 4 times LPR stipulated by law.
3.202 1 What is the highest interest rate for private lending?
The bank's loan interest rate for the same period is four times, but not more than four times.
4. What is the highest interest rate for private lending?
At present, the highest monthly interest rate for private lending is 1.22%. In this range, it is legal.
Specifically, according to the provisions of Article 25 of the Provisions on Several Issues Concerning the Application of Laws in Handling Private Lending Cases, except that the lender requires the borrower to pay interest at the interest rate agreed in the contract, the fixed interest rate exceeds four times the listed interest rate of the one-year loan market when the contract is established.
At present, the latest quotation in the loan market is that in 2022, the National Interbank Offered Rate (LPR) authorized by Bank 8 is: 1 year LPR is 3.65%, and the LPR over five years is 4.3%. The above LPR is valid until the next LPR version.
According to the law, after the announcement of the new LPR with the highest monthly interest rate of R on August 22nd, 2022 14.6%, the interest rate of private lending will be adjusted with the change of LPR. Therefore, it is necessary to pay close attention to the LPR standard for calculating the maximum annual interest rate of private lending issued by the People's Bank of China.