The annual interest rate 18%, the daily interest rate18%12 ÷ 30 = 0.05%, and the daily interest rate is 0.05%. The daily interest rate is the daily interest rate and the daily interest rate is the daily interest rate. Calculated by 365 days a year, the daily interest rate = annual interest rate/365; Calculated by 360 days a year, the daily interest rate = annual interest rate /360. But the current rules are calculated according to 360 days. The daily interest rate multiplied by 30 and then multiplied by 12 is the annual interest rate, while the annualized interest rate of bank loans does not exceed 24%, and the annualized interest rate of ordinary loans does not exceed 36%. Now your annual interest rate is 18%, and your daily interest rate is 0.05%, which means the daily interest rate is 15000. The average daily interest rate 1.5 million generally appears in loan repayment and credit card. At present, the daily interest rate of many online loans is calculated at 0.05%, that is,10.5 million, and the interest rate of overdue credit cards and cash advances is calculated at 0.05%. If the user borrows 10000 yuan and the daily interest rate of the loan is 0.05%, the daily interest rate is 10000*0.05%=5 yuan. So is the annual interest rate 18% high? The Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases clearly 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. If the borrower requests the lender to return the interest paid in excess of 36% of the annual interest rate, the people's court shall support it. " The new judicial interpretation will be implemented on September 1 2065438. In other words, as long as the interest does not exceed 36%, it is legal, and the part below 24% is protected by the court. You can pay 24%-36%, but you will regret it or not. The annual interest rate of 18% is much lower than 24%, which is more suitable for private lending. Of course, it will be much higher than bank loans, but bank loans also have products with higher interest rates, so on the whole, the daily interest rate of 0.05% loans is not high.