After the parties bring a lawsuit against the private lending dispute, the court will enforce the interest in a way that the interest rate agreed by both borrowers and lenders does not exceed four times the listed interest rate of the one-year loan market at the time of the establishment of the contract. If the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it. The interest rate agreed between the borrower and the borrower is four times the quoted interest rate of the one-year loan market when the contract is established, and the interest agreement in excess is invalid.

legal ground

Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 25 If the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people's court shall support it, except that the interest rate agreed by both parties exceeds four times the market quotation of one-year loan at the time of the establishment of the contract. The "one-year loan market quotation" mentioned in the preceding paragraph refers to the one-year loan market quotation issued monthly by the National Interbank Funding Center authorized by the People's Bank of China from August 20th, 20th, 20th19th.