Interest can be brought to court, and the borrower can not repay the part that exceeds the interest stipulated by law, which is four times the quoted interest rate of the annual loan market stipulated by law.
Article 26 of the Interpretation on Trial Implementation of the Supreme Law stipulates that if the interest rate agreed by both borrowers and lenders does not exceed 24% per annum, and the lender requests the borrower to pay interest at the agreed interest rate, the people 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. If the borrower requests the lender to return the interest paid in excess of 36% of the annual interest rate, the people
If the interest rate of private lending is high, it can be determined by the private sector according to law. The agreement will determine whether the interests are protected by law in strict accordance with the provisions of judicial interpretation.
Second, what if the loan interest is too high? Try these techniques.
If the loan interest is divided according to the level, the bank loan interest is definitely the lowest, but it is more difficult to apply for a bank loan, and sometimes it is too late to see the next payment after approval. If money is badly needed at this time, many people will choose private lending institutions, such as the popular online loans. However, the interest on online loans is relatively high. If accumulated for a long time, interest may cause considerable financial pressure. Let's teach you what to do if the loan interest is too high.
What if the loan interest is too high? 1. First of all, when you have one or two overdue payments that are not serious, the bank's collection staff will be more "gentle". After all, the collection should also pay attention to the basic law. 2. If you really can't stand the approval of bank loans and the speed of the next payment, you can find private lending institutions, such as the popular online lending platform. Although these platforms have relatively high interest rates, their advantages are still obvious. There are many kinds of loans, except short-term loans, loans and credit loans. Moreover, these platforms generally approve loans quickly and are friendly to loan users with poor credit information. Some platforms are also, and will not affect personal records. Simply put, the threshold of online lending platform is low, but the interest is high. Of course, not all online lending platforms have high interest rates. If you feel that the loan interest rate is too high, you can submit your own requirements, and professionals will match the online loan platform with the lowest interest rate and the most suitable for you. 3. If you still feel that the matching result is not ideal and the loan interest is too high, there are ways to solve it. People with good popularity can borrow money from friends or parents. As far as the matter is concerned, if you really encounter financial difficulties, don't be ashamed to talk to your family. After all, your family and friends know you better than the bank.
Third, what if the interest on borrowing money is too high?
You can use a credit card or flowers, and the interest is low. Recyclable repayment