What if the loan interest is too high? Try these techniques.

If the usury interest is too high, the parties may bring a lawsuit to the court, and the borrower may not repay the part that exceeds the interest stipulated by law. The interest rate stipulated by law shall not exceed four times the quoted interest rate in the one-year loan market.

Article 26 of the Interpretation of the Supreme Court on the Applicable Law in the Trial of Private Lending Cases stipulates that if the interest rate agreed by both borrowers and lenders does not exceed 24% per annum, 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.

If the private lending rate is high, you can bring a lawsuit to the court, which will be determined by the people's court according to law. If the agreed interest rate is too high, the court will determine whether the interest is protected by law in strict accordance with the provisions of judicial interpretation.