2. If the annual interest rate is stipulated in the contract, you need to use the annual interest rate ÷360 to get the daily interest rate, and then multiply it by the number of days in the quarter to calculate the quarterly interest payment.
3. If the monthly interest rate is stipulated in the contract and 1 quarter is 3 months, the quarterly interest payment is principal × monthly interest rate ×3.
What should I pay attention to when agreeing on loan interest?
1. If there is a dispute between the borrower and the lender about whether there is an agreed interest rate and it cannot be proved, the interest can be calculated by referring to the bank's similar loan interest rate. It should be noted that if there is an agreement between the borrower and the lender on the interest rate, but the agreed interest rate is disputed and cannot be proved, the provision that the private lending interest rate can be appropriately higher than the bank interest rate but not higher than the bank's similar loan interest rate by four times can be applied.
2. If the borrower and the borrower have not agreed or clearly agreed on the payment of interest, but agreed on the repayment period, the borrower is not obliged to pay interest within the agreed repayment period. However, if the borrower fails to repay the loan within the repayment period and the lender requires the borrower to pay the overdue interest, it shall pay the overdue interest in accordance with the provisions of Several Opinions, and the overdue interest may be calculated with reference to the interest rate of similar loans of banks.
3. If there is no agreement or unclear agreement between the borrower and the borrower on the payment of interest, and there is no agreement on the repayment period, the borrower may not pay the interest before the lender urges repayment, or if the borrower is not required to pay the overdue interest despite urging repayment. If the lender demands the borrower to pay overdue interest after being urged, the interest may be calculated with reference to the bank's similar loan interest rate.
4. Invalid lending relationship caused by the debtor's behavior, such as the invalid lending relationship formed by the debtor by means of fraud, coercion and other means against the true meaning. In addition to returning the principal, the debtor should also pay the capital occupation fee with reference to the bank's similar loan interest rate.
5. If the agreed interest rate of private lending is too high, generally only the interest below 4 times the benchmark loan interest rate announced by the People's Bank of China in the same period will be guaranteed. The benchmark interest rate of loans for the same period here is not completely equivalent to the interest rate of similar loans for banks stipulated in Several Opinions of People's Courts on Handling Lending Cases, which is in line with the reality after the market-oriented reform of bank interest rates in China. However, if the debtor voluntarily pays more than four times the benchmark loan interest rate for the same period, and it does not harm the national interests, social public interests or the legitimate rights and interests of others, the people's court may not intervene.
6. If the borrower and the borrower only agree on the loan interest but not on the calculation standard of overdue interest, the calculation shall be made in accordance with the Reply of the Supreme People's Court on what standard to calculate the liquidated damages for overdue payment (Fa Shi [1999] No.8) and the Reply on Amending the Supreme People's Court on what standard to calculate the liquidated damages for overdue payment (Fa Shi [2000] No.34). If the agreed loan interest is higher than the calculation standard of overdue interest, the overdue interest shall be calculated according to the agreed loan interest standard.