Current location - Education and Training Encyclopedia - Education and training - Is the education and training loan legal?
Is the education and training loan legal?
Legal analysis: it is illegal to charge high interest in excess of state regulations.

Legal basis: Article 6 of "Several Opinions of the Supreme People's Court on People's Courts Handling Loan Cases" can be higher than the bank's interest rate, and local people's courts can specifically grasp it according to the actual situation in the region, but the maximum shall not exceed 4 times (including interest rate) of the bank's similar loan interest rate. Beyond this limit, the excess interest will not be protected.