The interest rate of most car loans may be between 5% and 24%, but it is necessary to know that the interest rate of car loans required by different banks is different, and it is necessary to determine the specific interest for each year according to the specific situation of banks at that time and the number of years of car loans. These must be asked clearly to prevent being fooled when buying a car.
Among them, the car loan interest rate of China Bank, 1 year is 4%, but it is 8% in the second year and 12% in the third year, which shows that the car loan interest of China Bank will increase with time. Comparatively speaking, China Construction Bank basically pays 3 years within 1~3 years, and the interest is 5.3 1% multiplied by the corresponding years. In the case of 3~5 years including 5 years, the interest is 5.4% multiplied by the corresponding years.
Therefore, it can be seen that compared with the car loan of Bank of China, the annual interest growth of CCB does not fluctuate much, but it has a certain relationship according to the repayment period. The longer the repayment period, the same proportion will be paid every year, so it may be more cost-effective to borrow from CCB.
How much is the interest on car loan?
1. If you want to calculate the car loan interest rate, you must first understand the concept of a few cents. In the folk concept, "one point" is converted into a decimal point, which is 0.0 1. "One point" is converted into a decimal point, which is 0.00 1. For monthly interest, one point is 1% and one point is 0. 1%. If you want to ask how much interest the car loan is, you are actually asking what the monthly interest of the car loan is.
2. The calculation method of car loan interest is: loan amount, loan interest rate and loan time. The benchmark annual interest rate of a bank's three-year loan is 4.35%, which generally fluctuates according to the borrower's comprehensive qualification, and the floating range is generally between 10%-36%. Converted, the general annual interest rate of bank car loans is between 4.7% and 5.9%. According to the counterattack of the 4S store, the longer the borrower borrows, the higher the interest rate. General 1 year interest rate is about 3% 3, 2-year interest rate is about 6% 6, and 3-year interest rate is about 9% 1. The installment interest of most 4S shops is generally between 4% and 7%, and the interest of bank car loans will be slightly lower. If the borrower's personal qualifications are good, it is recommended to apply for a loan in the bank as much as possible. In order to attract consumers, many 4S stores will put forward some installment services with 0 down payment, but in fact, such services often have a lot of bundled consumption, which may exceed interest after calculation.
3. The interest of normal car loan is generally between 0.5% and 0.9% per month, which means the monthly interest is between 5% and 9%. The calculation of interest is generally based on the number of months in installments. The car loan interest rate rises according to the national benchmark interest rate. At present, the benchmark interest rate for car loans for one to five years is 4.75%.
4. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats).
Car loan interest is usually a few cents.
The car loan interest rate is generally divided by year. The longer the loan time, the higher the interest rate. The general 1 year interest rate is around 3%.
The two-year interest rate is around 6% 6, and the three-year interest rate is around 9% 1. General banks will also adjust the interest rate according to the qualifications of the applicant and the price of the purchased vehicle, but the minimum interest rate will not be lower than the benchmark loan interest rate.
Some car loans are 4.5%, with an annual interest rate of 5.4%. The car loan interest rate is generally divided by year. The longer the loan time, the higher the interest rate. Under normal circumstances, among the bank car loan interest rates, the one-year car loan monthly interest rate is generally around 3% 3, and the two-year car loan monthly interest rate is around 6% 6. The monthly interest rate of car loans for more than three years is generally around 9% 1.
This 4.5% car loan interest is relatively low. The calculation formula of car loan interest is: the annual interest rate of car loan principal is 4.8%, and the loan period (year). The annual interest rate of 5.4% is a low loan interest rate. If the borrower is not sure whether his loan interest rate is low, it can be calculated according to the percentage of LPR interest rate.
Every financial institution will set the benchmark loan interest rate according to the LPR interest rate. Banks will increase the LPR interest rate by 65,438+00%, while other financial institutions will increase it by 65,438+05%. After determining the benchmark loan interest rate, the bank will raise the interest rate according to the borrower's personal qualifications, with a maximum of 24%. If it exceeds 15%, it is high, and if it is lower than 15%, it is low.
Auto financing institutions will rise 15%-36% on the basis of the benchmark loan interest rate and the borrower's personal qualifications. If the floating percentage is less than 20%, the interest rate is low; If the floating rate exceeds 20%, it means that the interest rate is high, which means that the borrower's personal qualification is not very good.
How much is the bank interest on the loan to buy a car?
The interest on buying a car with a bank loan should be calculated as follows: 1, the interest rate item (%) within 6 months (including 6 months) 4.35, from 6 months to 1 year (including 1 year) 4.35, 1 to 3 years (including 3 years) 4. However, although the latest loan interest rate is lower than before, the interest rate for applying for auto loans will not become the benchmark interest rate for bank loans. The general bank car loan interest rate will fluctuate to a certain extent; 3. The interest rate of bank car loans fluctuates, which varies from bank to bank. Generally speaking, the interest rate of bank car loans is generally based on the benchmark interest rate 10%-50%; 4. Therefore, before handling the bank car loan, you must go to the local bank to consult clearly and understand the fluctuation of the bank car loan interest rate.
What's the interest rate for car loans?
The longest period for applying for car loan is no more than 3 years, and the interest of car loan = loan amount × time × interest rate. In general, the car loan interest rate is between 5%- 10%. Of course, if the user has good credit qualification, the bank will reduce the loan interest rate as appropriate, and if the user has overdue risk, the loan interest rate will be higher than himself, depending on the actual situation. Car loan interest rate refers to the loan interest rate that people use when they borrow money to buy a car. It is the interest rate of a specific automobile loan agreed by the lender and the borrower according to the statutory loan interest rate and the floating collusion range stipulated by the People's Bank of China, and it is stated in the loan contract.
The interest of car loan contract is related to interest rate and repayment method. The medium and long-term loan interest rate of the bank for one to three years (inclusive) is 4.75%. If the car loan is 654.38 million yuan and the loan period is three years, the interest to be repaid is:
1. Equal repayment of principal and interest: the repayment method is equal repayment every month. The interest calculated by matching the principal and interest of 65438+ million car loan for three years is 749 1.438+0 yuan.
2. Equal principal repayment: the repayment method is the most in the first month, the least in the last month, and the same principal is paid every month. 654.38 million yuan 3-year car loan interest calculated by average capital is 7322.92 yuan.
Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation. The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period. The loan interest rate is determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, according to the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. There is a penalty interest for overdue loans. The advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.
What is the general interest rate for car loans?
What's the car loan interest rate?
The car loan interest rate is closely related to the loan term. Generally, the interest rate of car loans with shorter term is lower. If the car loan time is long, the car loan interest rate is relatively high. The following are the car loan interest rates:
Within 1.6 months (including 6 months), the annual interest rate of the loan is 5.6%;
2.6 months to 1 year (inclusive), and the annual interest rate of the loan is 5.6%;
3. 1 to 3 years, with an annual interest rate of 6.0%;
For 4.3 to 5 years, the annual loan interest rate is 6.0%, and for more than 5 years, the annual loan interest rate is 6. 15%.
The loan interest rate of car loan is generally between 6.5% and 9.3%. Here are the car loan interest rates of various banks:
Bank of China:
Loan term 1 year, loan interest rate 4%, 2 years 8%, 3 years 12%.
China Construction Bank:
1-3 years (including 3 years), 5.3 1% years, 3-5 years (including 5 years) and 5.4% years.
Industrial and Commercial Bank of China:
The car loan interest rate is 5.60% within 6 months (including 6 months), 6.0% from 6 months to 1 year (including 1 year), 1-3 years (including 3 years), 6. 15% year, 3-5 years.