How much interest is legal for the loan company?

1, if the annual interest rate does not exceed 24%, it is legal and valid. If the interest rate agreed by both parties 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. 2, the annual interest rate of more than 24% to 36%, according to the wishes of the parties. Private lending with an annual interest rate of 24%~36% belongs to natural debt. If a lawsuit is filed, the court will not protect it, but the parties are willing to perform it automatically, and the court has no objection. The borrower cannot demand the repayment of the interest already paid. 3. The annual interest rate exceeds 36%, and some of them are invalid. The interest rate agreed by both parties exceeds the annual interest rate of 36%, and the interest agreement exceeding the part 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.

1. Interest is the use fee of money in a certain period of time, which refers to the reward that the money holder (creditor) gets from the borrower (debtor) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit. Interest is the reward that the fund owner gets for lending the fund, which comes from a part of the profits that the producer makes by using the fund to play its operational functions. Refers to the value-added amount brought by monetary funds injected and returned to the real economy. The calculation formula is: interest = principal × interest rate × deposit period × 100%.

Second, the abstract interest point refers to the value-added amount brought by monetary funds injected into the real economy and returned. In a less abstract sense, interest generally refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for using the borrowed currency or capital. Also known as the symmetry of sub-fund and parent fund (principal). The calculation formula of interest is: interest = principal × interest rate × deposit period (i.e. time).