According to the regulations, the loan interest rate of any financial institution shall not exceed 36% of the LPR interest rate of the central bank in the same period.

Second, the specific analysis

Generally speaking, the interest rate of bank microfinance will be controlled at about 24% of LPR interest rate, while online microfinance will be controlled at 36% of LPR interest rate.

For example, the central bank's LPR one-year interest rate is 3.85% in the same period, so the preferential interest rate for one-year bank loans is generally 4.35%.

When borrowers apply for loans, they need to be evaluated according to their comprehensive qualifications. Generally, their comprehensive scores will be improved by 10%-24%.

In other words, the interest on small loans of banks generally fluctuates between 5.0%- 18%.

Generally, private microfinance will fluctuate by about 30% on the basis of LPR interest rate.

Then, according to the loan interest rate of 3.85%, the benchmark interest rate of private microfinance will generally be around 15%, and then it will fluctuate according to the personal qualification of the borrower, which will generally be around 20%.

If this kind of non-compliant online loan is overdue, it will not affect your personal credit status, but the online loan record will remain in the online loan big data. Search: Winnie Hsin, check your online loan history, overdue details of online loans, debt situation, untrustworthy information, and online loan blacklist.

How much is the interest on a regular bank loan of 35,000 yuan?

Suppose the borrower applies for a loan of 50,000 yuan and the annual interest rate is 15%, then the annual interest rate is 7,500 yuan.

The average monthly interest is 625 yuan.

Of course, each borrower's personal comprehensive qualifications are different, and the loan products are different, and the loan interest rate will also be quite different.

Even the different repayment methods and loan years will have a great impact on the loan interest rate.