Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases

Article 26? If the interest rate agreed between the borrower and the borrower does not exceed the annual interest rate of 24%, and the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it. The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid.

The people's court shall support the borrower's request to the lender to return the part of the interest paid that exceeds 36% per annum.

Paying back the loan interest first is a common trick of many loan scammers. Formal lending institutions will not require early repayment. In particular, we should be wary of loans from different places and the so-called loan interest payment before lending, which may be irregular loans.

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It is natural to pay interest on a loan, but you have to pay interest first before applying for a loan. Where did this come from? Now there are many eye-catching loan advertisements on the Internet, such as "only handling loans with ID cards, lending on the same day, unsecured and unsecured". It is these attractive small advertisements that make people who are in urgent need of funds inadvertently "fall into the trap".

Paying back the loan interest first is a common trick of many loan scammers. Formal lending institutions will not require early repayment. In particular, we should be wary of loans from different places and the so-called loan interest payment before lending, which may be irregular loans. When applying for a loan, the applicant must have a sense of self-risk prevention. Sometimes thinking more and calming down will avoid many unnecessary losses.

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The Supreme People's Court-the Supreme People's Court Provisions on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases