Annual interest rate of 8% to 10% or so, the interest is very low, the key lies in your own operation, each securities company is different, the low 8.35% or so.
According to the provisions of Article 20 of the Judicial Interpretation of Financial Lease Contracts issued by the Supreme People's Court, "If the lessee performs the obligation to pay rent late or delays in the performance of other payment obligations, and if the lessor requests the lessee to pay the late interest and the corresponding liquidated damages in accordance with the agreement of the financial lease contract, the people's court shall support it ". However, the judicial interpretation of the late interest, the corresponding liquidated damages is not available for reference standard.
According to the second paragraph of Article 114 of the Contract Law, "the agreed liquidated damages is lower than the loss caused, the party may request the people's court or arbitration institution to increase; agreed liquidated damages is excessively high than the loss caused, the party may request the people's court or arbitration institution to be appropriately reduced". Article 29 of Judicial Interpretation II of the Contract Law further provides that where the parties claim that the agreed liquidated damages are too high and request that they be appropriately reduced, the people's court shall base its decision on the actual damages, taking into account the performance of the contract, the degree of fault of the parties, and the expected benefits, etc., and weighing them in accordance with the principles of fairness and honesty and good faith. The parties agreed to liquidated damages more than thirty percent of the loss caused, generally can be recognized as the second paragraph of article 114 of the contract law, "excessively higher than the loss caused by" can be seen, the amount of liquidated damages is mainly based on the actual loss of the determination of the amount of liquidated damages. The lessee of the actual loss of the calculation is still a lack of reference basis, need to be summarized from the trial practice.