Business loan interest rate?

The corporate loan interest rates of the People's Bank of China in 2021 are as follows: within 1 year (including 1 year) is 4.35; 1-3 years (including 3 years) is 4.75; 3-5 years (including 5 years) It is 4.75; 5-30 years (including 30 years) is 4.90.

The actual loan interest rate will fluctuate, please refer to the actual transaction for details.

Loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when they issue loans.

It is mainly divided into three categories:

The loan interest rate of the central bank to commercial banks;

The loan interest rate of commercial banks to customers;

Interbank lending rate.

The factors that determine bank loan interest are:

① Bank costs. Any economic activity requires cost-benefit comparison. There are two types of bank costs: borrowing costs - prepaid interest on borrowed funds; additional costs - expenses incurred in normal business.

②Average profit rate. Interest is a subdivision of profit. Interest must be less than the profit rate. The average profit rate is the highest limit of interest.

③The supply and demand situation of lending currency funds. If supply exceeds demand, loan interest rates will inevitably fall, and vice versa.

In addition, loan interest rates must also take into account price changes, securities income factors, political factors, etc.

However, some scholars believe that the highest limit of interest rate should be the marginal rate of return of funds.

Consider the factor that constrains the interest rate as the ratio of the increase in profit of the enterprise after borrowing a bank loan to the amount of borrowed money and the loan interest rate. As long as the former is not less than the latter, the company may borrow from the bank.

Interest calculation

(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1. Daily interest rate (0/000) =Annual interest rate ()÷360=Monthly interest rate (‰)÷30

2. Monthly interest rate (‰)=Annual interest rate ()÷12

(2) Banks can use accumulation Calculate interest using the number-based interest method and the tick-by-item method.

1. The accumulation interest calculation method is based on the daily accumulated account balance based on the actual number of days, and interest is calculated by multiplying the accumulated accumulation number by the daily interest rate. The interest accrual formula is:

Interest = cumulative interest accrual amount × daily interest rate, where cumulative interest accrual amount = total daily balance.

2. The transaction-by-transaction interest calculation method calculates interest on a transaction-by-transaction basis according to the predetermined interest calculation formula: interest = principal × interest rate × loan period.

There are three specific methods:

If the interest calculation period is a whole year (month), the interest calculation formula is:

①Interest = principal × number of years (months) × annual (month) interest rate

Calculation If the interest period has a full year (month) and fractional days, the interest calculation formula is:

②Interest = principal × number of years (months) × annual (month) interest rate principal × number of fractional days × days Interest rate

At the same time, the bank can choose to convert all interest calculation periods into actual days to calculate interest, that is, each year is 365 days (366 days in leap years), and each month is the actual number of days in the Gregorian calendar in that month. The interest calculation formula is:

③Interest = principal × actual number of days × daily interest rate

These three calculation formulas are essentially the same, but since only 360 days are used in a year in interest rate conversion. However, when actually calculating the daily interest rate, a year will be calculated with 365 days, and the result will be slightly biased. Which formula is used to calculate the specific formula? The central bank gives financial institutions the right to choose independently. Therefore, the parties and the financial institution can agree on this in the contract.

(3) Compound interest: Compound interest means charging interest at a certain rate. According to the regulations of the central bank, if the borrower fails to repay the interest within the time stipulated in the contract, compound interest will be charged.

(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest imposed on the defaulter by the bank according to the contract signed with the party concerned is called bank penalty interest.

(5) Liquidated damages for overdue loans: The nature is the same as penalty interest, and it is a punitive measure for the party who defaults on the contract

How much is the interest rate for corporate bank loans?

Enterprises ask banks For loans, interest is calculated based on the commercial loan interest rate of the lending bank and the loan term. The calculation formula is: interest = principal × interest rate × term.

Different banks have different loan interest rates, but they all float on the central bank’s benchmark interest rate. Take Bank of China as an example:

1. Short-term loans: The annual interest rate within one year (inclusive) is 4.35. The interest on a loan of RMB 30,000 per year is RMB 1,305.

2. Medium and long-term loans: The annual interest rate for one to five years (inclusive) is 4.75; the annual interest rate for more than five years is 4.9. The interest for a three-year loan of RMB 30,000 is 4,275 yuan; the interest for a six-year loan is 8,820 yuan.

Interest refers to the remuneration paid by the borrower to the lender for the right to use funds. It is the use price of capital (that is, the loaned principal) within a certain period of time. Loan interest can be calculated in detail through the loan interest calculator.

In civil law, interest is the legal interest on principal.

Repayment method

(1) Equal principal and interest repayment: that is, the sum of the loan principal and interest is repaid in equal monthly installments. Housing provident fund loans and commercial personal housing loans from most banks adopt this method. In this way, the monthly repayment amount is the same;

(2) Equal principal repayment: that is, the borrower will evenly distribute the loan amount and repay it in each period (month) during the entire repayment period, and pay the same amount at the same time. A repayment method that clears the loan interest from the previous transaction day to the current repayment date. In this way, the monthly repayment amount decreases month by month;

(3) Monthly interest payment and principal repayment on maturity: that is, the borrower repays the loan principal in one lump sum on the loan maturity date [with a period of one year] Applicable to the following (including one year) loans], the interest on the loan is calculated on a daily basis, and the interest is returned on a monthly basis;

(4) Repay part of the loan in advance: that is, the borrower can apply to the bank to repay part of the loan amount in advance , the general amount is 10,000 or an integral multiple of 10,000. After repayment, the loan bank will issue a new repayment plan, in which the repayment amount and repayment period will change, but the repayment method will remain unchanged. And the new repayment period shall not exceed the original loan period

(5) Repay the entire loan in advance: that is, the borrower applies to the bank to repay the entire loan amount in advance. After repayment, the lending bank will terminate the loan. loan and go through the corresponding cancellation procedures.

(6) Borrow and repay at any time: The interest after borrowing is calculated on a daily basis, and one day is used to calculate the interest. You can settle the payment in one go at any time without penalty

Interest rate

(1) Interest rate

The ratio of interest to the total amount of loan funds within a certain period is the loan Expression form of price. That is: interest rate = interest amount/loan principal

Interest rate is divided into daily interest rate, monthly interest rate and annual interest rate.

The lender determines the loan interest rate with the lending bank based on the benchmark interest rate and interest rate floating space announced by relevant laws and regulations of various countries.

(2) Benchmark interest rate

The benchmark interest rate is a universal reference rate in the financial market. Other interest rate levels or financial asset prices can be determined based on this benchmark interest rate level. Benchmark interest rate is one of the important prerequisites for interest rate marketization. Under the conditions of interest rate marketization, financiers measure financing costs, investors calculate investment returns, and management regulates the macro economy. Objectively, a generally recognized benchmark interest rate level is required as a reference. Therefore, in a sense, the benchmark interest rate is the core of the interest rate marketization mechanism. To put it simply, if you usually deposit money in the bank, it will give you interest. The larger the base interest rate, the more interest; the smaller the base interest rate, the smaller the interest.

How to get the lowest bank loan interest rate

1. Choose the bank with the lowest interest rate to apply for a loan

Although the central bank has issued a benchmark interest rate, the interest rates of all banks will be the same. The base interest rate is raised, and the specific circumstances of the increase vary from bank to bank. Therefore, in order to obtain the lowest bank loan interest rate, you must “compare three loans” and then choose the bank with the lowest interest rate.

2. Pay attention to personal credit information and maintain good credit information

Bank loan interest rates are calculated through computers based on personal credit information, income, work and other information. When other circumstances cannot be changed, we can only maintain a good credit record and try our best to pay off our credit cards on time to avoid overdue payments.

Loan interest rates for small and micro enterprises of various banks

The interest rates for loans to small and micro enterprises of various banks are about 5.1 to 5.5, because according to the existing information, the interest rates of small and micro enterprises of various banks are If you look at the loan interest rates, their interest rates are around 5.1 to 5.5.

What is the annual interest rate for corporate loans?

Different banks have different annual interest rates for corporate loans. Usually The corporate loan interest rate is increased based on the central bank's benchmark interest rate, and the extent of the increase is different for each bank. The specific situation is subject to the review results.

1. Short-term loans:

Within one year included, the interest rate is 4.35;

2. Medium- and long-term loans:

For one to five years inclusive, the interest rate is 4.75;

For more than five years, the interest rate is 4.90;

3. Provident fund loan interest rate, for five years or less (including five years), 2.75;

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3.25 for more than five years.

That’s it for the introduction of bank loan interest rate companies.