There are many kinds of unsecured bank loans, some for enterprises, some for individuals, some for different groups of people and some for different purposes. Although unsecured bank loans do not require collateral, they have strict requirements on the borrower's income, assets and credit information. The interest rate of unsecured loans will generally rise above the benchmark interest rate, and it will rise by a large margin. The specific loan interest rate is related to banks, loan products, loan term and borrower's qualification. Take Citibank's "Happiness Loan" as an example. The standard monthly interest rate of unsecured loans is 1.65%, and the preferential monthly interest rate is 1.4%. Changsha Loan reminds you to apply for an unsecured bank loan. It should be noted that the loan cost not only needs to pay the loan interest, but most banks will also have account management fees and other expenses. It is said that the account management fee of Standard Chartered Bank is 0.49% per month (calculated according to the total loan amount). The same is true for unsecured loans of microfinance companies. Lending companies usually control the interest rate within four times of the bank's benchmark interest rate, but with other expenses such as management fees and handling fees, the total loan cost is usually four times higher than the bank's loan interest rate. The above is invested by Changsha Loan-Changsha Hongxun.