At present, the annual interest rate of the bank's one-year loan is 4.35%, which is four times 17.4%, namely 1 and 7.4% (the five-year benchmark interest rate is four times 4.9% and 19.6%, and the dividend is not enough). If it is higher than this, it is not protected by law.

2. How to calculate the loan interest rate of China People's Bank for the same period?

The basis can only be monetary policy objectives; Interest = principal × interest rate× deposit term.

The benchmark interest rate is an important basis for the central bank to achieve its monetary policy objectives. When the focus of policy objectives changes, the interest rate as a policy tool should also change. Different interest rate levels reflect different policy requirements. When the policy focuses on stabilizing the currency, the central bank will raise the currency to curb overheated demand. On the contrary, it should be lowered in due course.

The calculation formula of interest is: interest = principal × interest rate × deposit period (part of the profits obtained by using funds to perform operational functions. The calculation formula of the value-added amount brought by monetary funds injected into the real economy is: interest = principal × interest rate × deposit period × x 100%.

Extended data:

Related information:

1. With the approval of the State Council, the People's Bank of China decided to fully liberalize the control of loan interest rates of financial institutions from July 20, 20 13.

Since 2.20 15, the RMB deposit reserve of financial institutions has increased steadily and moderately in liquidity in the banking system.

3. The People's Bank of China decided to lower the benchmark interest rate of RMB loans and deposits of financial institutions from 20 15124, and further lower the benchmark interest rate of one-year loans of institutions by 0.25 percentage point to 4.35%; Down by 0.25 percentage point to 1.5%.