Legal analysis: it is illegal for online loans to exceed legal interest. Calculate the legal interest to be repaid. If it is legal, it can be repaid, otherwise it cannot be repaid. In order to avoid losses, you can consult our lawyers by voice.

Legal basis: Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 26 If the interest rate agreed by both borrowers and lenders does not exceed 24% per annum, 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. It can be considered that an annual interest rate of more than 36% is usury.