At present, the annual interest rate of loans for 1-3 years (including 3 years) announced by the People's Bank of China is 4.75%. According to the benchmark interest rate, under the condition that the interest rate remains unchanged, the repayment method is equal principal and interest. The total interest is 2511.42 yuan, and the monthly repayment amount is 2187.98 yuan. The average capital method is adopted, and the total interest is 2473.96 yuan, and the monthly repayment amount is decreasing month by month.

if you are going to apply for a loan at 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, and can only be determined after the approval of the handling outlets.