The formula for calculating the annual loan interest rate is: interest = loan amount * years * annual interest rate. If the loan is 1, yuan, the term is one year and the annual interest rate is 4.35%, then the interest to be repaid is: 1, * 1 * 4.35 = 4,35 yuan. I suggest that you calculate the interest by yourself before lending.

loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally stipulate interest and repayment date.

loans in a broad sense refer to loans, discounts, overdrafts and other lending funds. Banks put the concentrated money and monetary funds out through loans, which can meet the needs of society to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

interest refers to the remuneration paid by the borrower to the lender in order to obtain the right to use the funds, which is the use price of the capital (i.e. the loan principal) in a certain period. The loan interest can be calculated in detail by the loan interest calculator.

in civil law, interest is the legal fruit of principal.

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