36% of the annualized rate is usury. As long as the agreed interest in private lending exceeds 24%, it belongs to the category of usury and is not protected by law, but the annual interest rate exceeds 24% to 36%, which is a buffer zone and belongs to natural debt. It is defined as a debt that loses the protection of legal compulsion and cannot be requested for enforcement. Gambling debt is also a natural debt. That is to say, if the lender asks the court to pay interest at an interest rate exceeding 24% to 36%, the court will not support it, but if the borrower has actually paid interest at this interest rate, he cannot ask the court to return the part exceeding 24% to 36% per annum. If the annual interest rate exceeds 36%, the law stipulates that it is invalid, that is, the law prohibits it. Even if the borrower actually pays the interest, the lender can be required to return the part with the annual interest rate exceeding 36%.

1. The difference between usury and private lending

1. Different in nature: private lending is an act of mutual assistance, usually a separate communication between private individuals. Although lenders also seek benefits from it, their interest is generally not high, and it can only be four times the bank interest at most. The part that exceeds four times is not protected by law, while usury lenders take profiteering as their sole purpose. Lenders regard lending as a commercial act, aiming at high interest, and the interest is usually extremely high, far exceeding the bank interest by four times.

2. Different scales: the scale of private lending is generally small, and its lending targets are generally only specific individuals and units, and the number of loans is small, while usury is large, and loans are usually issued to an unspecified majority for many times.

second, the harm of usury

1. The interest agreement of usury is too high, which causes the borrower to bear too much burden.

2. usury collection is violent and undermines economic order and social stability.

3. The arbitrariness of usury is risky, and the disputes and cases caused by the failure to repay the loan on time have increased, which has affected social stability.