The annual interest rate of the loan is 35.64%, which belongs to usury under the current regulations. Provisions on the upper limit of interest rate: According to the original provisions, the interest rate of the part where the interest rate agreed by the borrowers and lenders of private lending exceeds the annual interest rate of more than 36% is not protected by law; According to the new regulations in September 2020, the loan interest rate shall not exceed 4 times of the market interest rate LPR (1 year is 3.85%, 4 times is 15.4%, 5 years is 4.65%, and 4 times is 18.6%).