The annual interest rate of the loan is 1 ten thousand yuan. How much is it a year?
Usually, the calculation formula of loan interest is: interest = principal * annual interest rate * term. Here, the annual interest rate of the loan is 65,438+0,000 yuan with a term of one year, so the annual interest rate calculated by substituting into the formula is 65,438+0,000 * yuan. You can also calculate monthly interest and daily interest.
After all, the annual interest rate, monthly interest rate and daily interest rate are interchangeable. As long as we apply the formula: annual interest rate = monthly interest rate * 12= daily interest rate *360, we can calculate that the monthly interest rate is 40 yuan and the daily interest rate is RMB.
Note that these interests are not calculated according to the specific repayment method. If there is a repayment method, such as equal principal and interest, the calculated interest will be different. You can find a loan calculator online to do the calculation yourself.
Is it tall?
The annual interest rate is actually not high.
We should know that the minimum annual interest rate of many low-interest online loans on the market is 1 year, and the interest rate is at least higher than that of 240 yuan. Generally, only bank loans can give such a low interest rate, but because the loan interest rate is mainly differentiated by the borrower's credit conditions, everyone's interest rate may be different.
If the borrower wants to get a lower interest rate, he is advised to maintain a good personal credit, have a stable solvency, and establish business contacts with the bank as much as possible, and increase his contribution to the bank by saving a lot, buying wealth management products, selling insurance, etc.
The above is the introduction of "what is the annual interest rate of a loan of one year 1 ten thousand yuan?" I hope it will help you.