The annual interest rate of the loan is 4.75%.

According to the trial calculation of the benchmark interest rate, under the condition that the interest rate remains unchanged, the repayment method of equal principal and interest is adopted. The total interest is 6742.45 yuan, and the monthly repayment amount is 2687.29 yuan. The total interest calculated by the average capital method is 6590.63 yuan, and the first month repayment amount is 2856.25 yuan (for reference only), and the monthly repayment amount decreases month by month.

If you are going to apply for a loan in China Merchants Bank, the loan interest rate needs to be comprehensively priced in combination with the business type, credit status, guarantee method and other factors you apply for, and can only be determined after approval by the handling outlets.