What are the risks of private lending and borrowing to be careful to prevent

Legal analysis: private lending to pay attention to the risk of prevention:1, the conclusion of a written agreement, pay attention to the proper preservation of the 2, the content of the written agreement is legal and comprehensive. 3, the interest rate agreement is clear. 4, pay attention to the protection of the claim at the expiration of the borrowing period.

Legal basis: "the supreme people's court on the trial of private lending cases on the application of law," article 26 of the borrower and lender agreed interest rate is not more than 24% per annum, the lender requests the borrower to pay interest in accordance with the agreed interest rate, the people's court shall support. If the interest rate agreed between the borrower and the lender exceeds 36% per annum, the interest rate agreed in excess shall be invalid. The borrower requests the lender to return the interest paid over 36% per annum, the people's court shall support.