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Interest is somewhat legal.
It is legal for the state to stipulate that the interest shall not exceed the loan principal multiplied by the annual interest rate 15.4%, because the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases clearly stipulates that the annual interest rate shall not exceed four times the listed interest rate in the one-year loan market. The latest data shows that the statutory annual interest rate is 15.4%.

I sincerely hope this answer can answer your question and provide you with good help. I also hope that you will be smooth sailing in the future, move forward steadily in life and find your own life. "Only Yun Fan can help the sea", as long as you persist, you will succeed.

If you encounter difficulties in life, don't give up "sinking the boat with Qian Fan, the disease tree is ahead of Wan Muchun". Even if everything goes wrong, as long as we can go on, we will succeed. How can you see a rainbow without experiencing wind and rain, and how can you get plum blossom fragrance without experiencing bitter cold?

"Since god gave talent, let it be hired! , spin one thousand silver, all back! "Sometimes, we should imitate Li Bai's optimism. Boredom in reality can't erase the active dancing thoughts in our hearts. Even if the world is difficult, we can choose to walk through that song, hold a sword and go to the world outside the world to find a pure land that suits us.