Loan gun cannon refers to loan sharking, which usually refers to the practice of loan sharking. The loan interest rate of loan sharks is usually about 4 to 10 times higher than the bank’s current loan interest rate. So the loan anti-aircraft gun means that when the loan is borrowed, the interest rate of the loan has reached the benchmark of usury, or even higher than usury. According to the express provisions of the Supreme People's Court, the People's Court will only provide support for the dispute if the loan interest agreed between the two parties does not exceed 24% of the annualized interest rate. The social impact of usury

1. Usury has a greater social burden on regional financial institutions by absorbing savings, because private “usury” loan interest rates are generally higher than the basic loan interest rates of financial institutions, and are affected by Driven by commercial interests, some of them use self-raised funds for private loans;

2. Because its loan system is flexible and convenient, it also affects bank credit business to a certain extent;

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3. In addition, because most private “loansharks” are agreements between private individuals, most of them do not have loan guarantees or mortgages, and the credit evaluation of the borrower is based solely on their own subjective judgment, which is highly subjective and random. Strong, it is also difficult to regulate the formation of hidden dangers.