What is a private lending?

Private lending, means citizens, between citizens and between legal entities lending, civic and other organizations, provided that the parties have expressed real finds effective mortgage effective due to borrowing, but rates no more than the central bank interest rate under. Unlike Bank loans, private lending is a direct loan channel is also an important form of private finance.
folk debit and credit interest rates what?
according to the Supreme People's Court on the case of borrowing people's court opinions provided, private lending rates may be higher than the bank interest rate appropriately, but shall not exceed a maximum of similar Bank loan rates 4 times. For an individual or a unit to loan for the purpose of profit, acquiring financial institutions credit usurious lending to others, large sum of illegal earnings, can be punished under penal law to the crime of usury lending.