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Second, I would like to ask you how to determine the upper limit of 36% of the loan interest rate of small loan companies.
The upper limit of enterprise loan interest rate cannot be 4 times. The lower limit of enterprise loan interest rate is 0.9 times of non-interest rate. The corporate loan interest rate is four times higher than the benchmark loan interest rate announced by the central bank for the same period, and no protection is given to those who ask for payment in excess.
3. Does the state stipulate the maximum interest rate of the company?
Generally speaking, the company is determined independently according to its own operating strength and market principles. In today's market-oriented interest rate, interest rate changes are allowed by the market, but the maximum limit cannot be higher than 4 times the bank interest rate in the same period, otherwise it will be. As for the minimum amount, it is 0.9 times the benchmark loan interest rate announced by the People's Bank of China.
Different companies and different loan products have different loan interest rates. Sometimes, different people apply for the same product, and even the interest rate is different.
Four. 202 1 what is the upper limit of penalty interest and compound interest on bank loans stipulated by law?
According to relevant laws and regulations, the loan interest rate of any lending institution shall not exceed 36% of the LPR interest rate issued by the central bank. If it exceeds 36%, the excess interest is not protected by law. 202 1 the central bank's one-year loan interest rate is 3.85%, and the five-year loan interest rate is 4.65%.
Then, according to the calculation, the one-year loan interest rate of the lending institution 202 1 is legal if it does not exceed 5.2%, and it will not be protected by law if it exceeds it. 202 1 Lending institutions' five-year loan interest rate does not exceed 6.3%, which is legal and not protected by law.
Although the interest rate of private lending has always been clearly stipulated by law, lending still occurs every day in the market. If the borrower applies for a loan on some loan software and cannot repay it after maturity, he can first find out the detailed figures such as the principal and interest he borrowed, and then check whether the interest exceeds the prescribed amount.