Legal analysis: the annual interest rate is protected by national laws within 36%, and it is invalid if it exceeds 36%. If the interest rate agreed between the borrower and the borrower does not exceed the annual interest rate of 24%, and 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 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.

Legal basis: Article 26 of the Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases: 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 listed interest rate in the one-year loan market when the contract is established. The quoted interest rate of one-year loan market mentioned in the preceding paragraph refers to the quoted interest rate of one-year loan market released monthly by the National Interbank Funding Center authorized by the People's Bank of China from August 20, 2065438.