the loan interest in private loan contracts is usually expressed in cents, cents and cents.

if it is an annual interest rate, 5 points of interest means an annual interest rate of 5%; If it is a monthly interest rate, 5 points of interest means that the monthly interest rate is 5%, and the annual interest rate is 6%; If it is a daily interest rate, 5 points of interest means a monthly interest rate of .5%, which is converted into a monthly interest rate of 15%; All of the above are usury, far exceeding the annual interest rate of 36% stipulated by the state.