If it is private lending, the annual interest rate of 14.4% is not usury, because the interest rate of private lending is limited to four times the one-year LPR, that is, 15.4%.
Financial loans with an annual interest rate of 65,438+04.4% are also not usurious. The part with an annual interest rate exceeding 36% is usury, and no part with an annual interest rate exceeding 36% is not usury.
Therefore, the annual interest rate of the loan applied by the user is 14.4%. Users need to judge whether the interest rate is legal first, and if it is, they must repay it on time as agreed.
The annual interest rate refers to the one-year deposit rate. The so-called interest rate is the abbreviation of "interest rate", which refers to the ratio of interest amount to deposit principal or loan principal within a certain period of time. Usually divided into annual interest rate, monthly interest rate and daily interest rate. The annual interest rate is expressed as a percentage of the principal, the monthly interest rate as a percentage, and the daily interest rate as a percentage.
When the economic development is in the growth stage, the investment opportunities of banks increase, the demand for loanable funds increases and interest rates rise; On the other hand, when the economic development level is low and the society is in a depression period, banks' willingness to invest will decrease, and the demand for loanable funds will naturally decrease, and the market interest rate will generally be low.
influencing factor
Central bank policy
Generally speaking, when the central bank expands the money supply, the total supply in loanable funds will increase, the supply exceeds demand, and the natural interest rate will decrease accordingly; On the contrary, the central bank implements a tight monetary policy to reduce the money supply, so that the demand in loanable funds exceeds the supply, and the interest rate will rise accordingly.
price level
Market interest rate is the sum of real interest rate and inflation rate. When the price level rises, the market interest rate also rises accordingly, otherwise the real interest rate may be negative. At the same time, due to rising prices, the public's willingness to deposit has declined, while the demand for loans from industrial and commercial enterprises has increased. The imbalance between deposit and loan caused by loan demand exceeding loan supply will inevitably lead to an increase in interest rates.
Stock and bond markets
If the securities market is on the rise, the market interest rate will rise; On the contrary, interest rates are relatively low.
International economic situation
Changes in a country's economic parameters, especially exchange rate and interest rate, will also affect the fluctuation of interest rates in other countries. Naturally, the rise and fall of the international securities market will also bring risks to the interest rates faced by international banking business.
Calculation method
For example: deposit 100 yuan,
The bank promised to pay an annual interest rate of 4.2%
Then the bank will have to pay 4.2 yuan's interest next year.
The calculation formula is 100×4.2% = 4.2 yuan.
The formula is: interest rate = interest ÷ principal ÷ time × 100%.
Interest = principal × interest rate× time
= 100 × 4.2 %=4.2 yuan.
The final withdrawal amount is 100+4.2= 104.2 yuan.