The "general principles of loans" have corresponding provisions:

Article 13 The lender shall determine the interest rate of each loan according to the upper and lower limits of the loan interest rate stipulated by the People's Bank of China, and specify it in the loan contract. Penalty interest is charged for overdue loans according to regulations.

Lenders and borrowers shall collect or pay interest on schedule according to the loan contract and relevant interest-bearing provisions of the People's Bank of China. When the loan extension period and the original term reach the new interest rate term grade, the loan interest will be charged at the new term grade interest rate from the date of extension.

Extended data:

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Laws and regulations related to the general principles of loans:

Article 44? After accepting the borrower's application, the lender shall investigate the borrower's credit rating and the legality, safety and profitability of the loan, verify the collateral, pledge and guarantor, and determine the loan risk.

Loan management departments at all levels should implement the management responsibilities of all aspects of loan management to departments, posts and individuals, and strictly divide the responsibilities of credit personnel at all levels. Lenders should establish a resident loan officer system for large borrowers.

Article 45 A borrower shall not illegally evade bank debts or misappropriate credit funds by means of merger, bankruptcy or shareholding system reform. It is not allowed to evade the lender's credit supervision and repay the loan principal and interest by contracting or leasing.

Baidu encyclopedia-general rules for loans