Legal analysis: In order to steadily push forward the interest rate marketization reform and give full play to the regulatory role of interest rate leverage. The relevant matters concerning the interest rate and interest calculation and settlement of RMB loans are hereby notified as follows:

1. On the interest calculation and settlement of RMB loans. The method of interest calculation and settlement of RMB loans (not suitable for individual housing loans) shall be determined by both borrowers and borrowers through consultation.

second, the adjustment of the loan interest rate during the contract period. The interest rate of medium-and long-term RMB loans is fixed from the original one year to be determined by both borrowers and borrowers according to commercial principles, which can be adjusted monthly, quarterly and annually during the contract period, or fixed interest rates can be adopted. The interest rate of loans of grades above five years shall be determined independently by financial institutions with reference to the interest rate of loans above five years published by the People's Bank of China.

legal basis: article 674 of the civil code of the people's Republic of China

the borrower shall pay interest within the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and it cannot be determined according to the provisions of Article 51 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan period is more than one year, it shall be paid at the end of each year, and if the remaining period is less than one year, it shall be paid together with the loan.

article 676 if the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.