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Is the annual interest rate 18% legal?
The interest rate conforms to the state regulations.

Xicai.com believes that a loan with an annual interest rate of 18% is reasonable, and banks or loan companies need to consider the risks and costs of the loan. If the loan interest rate is too low, the profit of the bank or loan company will not be guaranteed, or even lose money; If the interest rate is too high, it will be unbearable for borrowers, thus affecting the healthy development of the loan market.