Current location - Loan Platform Complete Network - Bank loan - 620,000 commercial loans, 20 years, with equal principal and interest, and 4,486.7 yuan a month. What is the interest rate?
620,000 commercial loans, 20 years, with equal principal and interest, and 4,486.7 yuan a month. What is the interest rate?
At present, the interest rate of commercial loans is generally 5.88%.
The principal is 620,000 yuan, the loan term is 20 years, and the principal and interest are equal, which is 4,486.7 yuan a month.