Generally, the approval time for pure commercial loans is one month, and repayment begins about one month after lending. Why do you say that? Because some banks will adjust the repayment date of some customers in order to adjust the repayment rhythm. But this usually only happens on the first repayment. At this time, the repayment amount of the first month is not the calculated monthly payment, and it may be more or less depending on the time.

Usury is a financial term that refers to loans with extremely high interest rates. If the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people's court shall support it, except that the interest rate agreed by both parties exceeds four times the quoted interest rate of the one-year loan market at the time of the establishment of the contract. The "one-year loan market quotation rate" mentioned in the preceding paragraph refers to the one-year loan market quotation rate issued monthly by the National Interbank Funding Center authorized by the People's Bank of China from August 20, 20 19.