We can see all kinds of loan information everywhere in our life. Some loans are very small and the interest is different, so we need to know the loan interest before lending. So, do you know how much interest on small loans is legal? How much is the small interest on the loan? Next, Bian Xiao will come.
How much is the small interest on the loan legal?
1. In order to reasonably control the loan interest, the state has stipulated the interest ceiling. If the annual interest rate is the calculation standard and the interest is below 24%, it shall be protected by national laws. If the borrower whose annual interest rate is less than 24% fails to repay the principal and interest at maturity, the lender has the right to request to safeguard its legitimate rights and interests according to law.
2, the annual interest rate of more than 24% but not up to 36% of the contract marked with interest. The law does not indicate in the law that this kind of lending is protected by law and belongs to the act of playing the edge ball.
3. Interest exceeding 36% is a hit. In a loan relationship with an annual interest rate exceeding 36%, the interests of the borrower should be protected, and the borrower's application for the lender to return the interest should be supported.
4, too high is illegal, in other words? Actually, it's not like this. The purpose of issuing loans by issuers is to make profits through interest. The issuer should not only provide funds for the borrower, but also bear the risk that the principal cannot be recovered, taking into account the balance between income and risk.
In life, when someone offers a loan, especially when the lender asks us to pay a certain fee first, we must be vigilant. You should know that there will be no pie in the sky, and don't lose big because of small.
How much is the small interest on the loan?
1, different bank lending institutions are different, and the loan interest rate is generally determined through consultation between them, especially for small-scale private loans. According to folk standards, the interest rate of small loan companies that cannot use relevant laws and regulations is four times higher than that of similar banks. There is no penalty for the excess interest.
2. In fact, the amount of loan interest depends on the level of loan interest rate and the collection of long-term expenses during the repayment period.
At present, people want to know about it because of its convenience. I would like to remind you here that no matter what kind of loan you apply for, you should fully understand it before applying, do more homework and check more information, and regard the loan as due repayment, so as to
How much is the small interest on the loan? At present, there are many loan methods in the market, and the interest on different types of loans is particularly high. You should know clearly before you pay, so that you won't be cheated when you borrow money. It is also specifically introduced above. If you want a loan, you should know the interest of the loan so as not to bring harm to your economy.
Second, how much interest is legal?
Loan (one month) 1200, actually received 1059. Is it within the scope of legal protection to repay the interest of 1344?
Third, how legal is the interest rate stipulated by the state?
The annual interest rate 15.4% and below is all legal. Upper limit of interest rate: It was stipulated in September 2020 that the lending rate should not exceed 4 times of the one-year loan market quotation LPR (3.85% of the 1 year LPR announced in April 2020, and its 4 times is 15.4%). There are two kinds of current interest rates in China: one is the national planned interest rate (including preferential interest rate and floating interest rate); The other is the market free interest rate. These two interest rates have their own uniqueness and individuality. 1. From the essential concept of interest, the two interest rates have the same attributes. First of all, interest rates as the price of capital behave differently. When the money owner provides the money to the market and transfers it as a special commodity, the interest rate is expressed as the price of this commodity. Private lending is the accumulation of wealth owned by money owners. When monetary wealth is transformed from a means of storage to a function of providing capital for lending to the market, as long as it is an interest-bearing loan, the interest rate reflects the price relationship of the transferred capital. Secondly, the relationship between capital supply and demand determines the national credit interest rate and the national private lending interest rate. The relationship between capital supply and demand here has several meanings to the determination of interest rate: first, the market capital demand and the national industrial economic policy determine the bank interest rate level; Second, the supply and demand of bank funds determines the credit interest rate, and also affects the supply and demand situation and interest rate in folk credit; Third, the interest rate of private lending is determined by market demand and industry profits. Thirdly, both kinds of interest are part of profit, which reflects the relationship between loan capital and industrial capital or commercial capital profit division. The difference lies in the degree of division of profits. These two kinds of interest rates have different purposes. In terms of quantity, the interest rate of private lending is generally several times or dozens of times higher than the national credit rate. From a qualitative point of view, the national credit interest rate is a lever to develop the national economy. Its level is not determined by the profit rate, but depends on the country's willingness to develop its economy. Because the interest rate of private lending is generally high, many interest rates even exceed the affordability and profit space of operators, so it is inevitable to exploit and extract the surplus value of other capital and the surplus labor of operators. The differences in the quality of the two interest rates are mainly as follows: First, the basis for setting interest rates is different. The national credit interest rate is formulated according to the national industrial policy and economic development policy, which is strictly planned; Private lending, on the other hand, is based on the profit level of the industry and has the characteristics of arbitrariness and outstanding profit requirements. Second, the means of implementing interest rates are different. The first is the way of collecting interest. Compared with national credit, private lending is richer in content and more flexible in interest calculation. Secondly, the implementation of the national credit interest rate has the basis of policies and laws; Private lending depends entirely on the borrower's credit, and whether it can receive interest is not protected by law. Third, because the purpose of interest rate setting is different, the direction of action is also different. As a lever to adjust the development of national economy, national credit interest rate serves the development of national economy and reflects the requirements of national economic policy and industrial policy in a period of time. The purpose of its adjustment is to raise financing funds and guide the flow of funds. Private lending is mainly to carve up surplus value and seek high profits. Interest rates reflect the profitability of different industries and the tightness of market capital supply and demand. [3] Invalid Private Lending Contract Article 14 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases has one of the following circumstances: (1) Obtaining credit funds from financial institutions and lending them to borrowers at high interest rates, the borrowers know or should know in advance; (2) The borrower knows or should know in advance that the funds obtained by borrowing from other enterprises or raising funds from employees of the unit are lent to the borrower for profit; (3) The lender knows in advance or should know that the borrower is still providing loans for illegal and criminal activities; (4) Violating public order and good customs; (five) other violations of the mandatory provisions of laws and administrative regulations.