According to the question and answer in the Supreme People's Court's Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, we know that our current interest rate is 24%. If the parties bring a lawsuit to the people's court within 24%, as long as it does not exceed 24%, the people's court will give legal protection to this interest. Some parties have agreed that the interest will be more than 24%, but not more than 36%, because 36% is invalid, ranging from 24% to 36%. We call this kind of debt natural debt.
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Nanfang Daily News (Reporter/Qi Lei correspondent/Huang Chenlin) used his own real estate to get a low-interest loan from the bank, and then lent the loan at a high interest rate in the form of private lending to companies in urgent need of capital turnover to earn interest. This seemingly "careful calculation" cleverness actually violates the bottom line of the law. Recently, the Meijiang District Court of Meizhou City sentenced this clever Chen to one year's imprisonment, suspended for one year and six months, and fined him 360,000 yuan.
In the middle of 20 14 and 10, Chen borrowed 3.2 million yuan and 3.6 million yuan from a village bank in Xingning, and then lent the loan to a group company in xingning city at a high interest rate of two cents per month. By the end of September, 20 16, all the money borrowed from the bank had been repaid. Upon the arrival of the case, the defendant Chen * * * received interest of RMB 6,543,800+from the lending company, and in addition to paying about RMB 650,000 to the village bank, he made an illegal profit of RMB 350,000.
After hearing the case, the Meijiang District Court held that the defendant, Chen Moumou, used bank loan funds to lend to others at high interest rate for the purpose of lending, and the amount of illegal income was large, which constituted the crime of lending at high interest rate. In view of the fact that the defendant Chen voluntarily confessed his criminal facts before the public security organ filed the case, he surrendered himself and was given a lighter punishment according to law. The above judgment was made.
Reference: Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases.
Xinhuanet-The man who lent money at high interest rate was sentenced to one year's imprisonment.