The latest benchmark interest rate of central bank loans in 2022:
(1) Short-term loan: within one year (including one year), and the adjusted interest rate is 4.35%.
(2) Medium and long-term loans: the adjusted interest rate is 4.75% for one year to five years (including five years); The adjusted interest rate for more than five years is 4.90%.
(3) Personal housing provident fund loan: the adjusted interest rate for the following five years (including five years) is 2.75%; The adjusted interest rate for more than five years is 3.25%.
The loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when they issue loans. It is mainly divided into three categories: the loan interest rate of the central bank to commercial banks; The loan interest rate of commercial banks to customers; Interbank lending rate
The decisive factors of bank loan interest are:
1, bank cost. Any economic activity needs cost-benefit comparison. There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business.
2. Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest.
3. Supply and demand of loan funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa. In addition, the loan interest rate must also consider price changes, securities returns, political factors and so on.
However, some scholars believe that the upper limit of interest rate should be the marginal rate of return of funds. The factor that restricts the interest rate is regarded as the comparison between the profit growth rate of enterprises after borrowing bank loans and the loan interest rate. As long as the former is not lower than the latter, it is possible for enterprises to borrow money from banks.
Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. Interest rates in China are managed by the Central Bank. Bank loan interest rate refers to the benchmark interest rate set by the central bank, and the actual contract interest rate can fluctuate within a certain range on the basis of the benchmark interest rate.
The loan interest rate refers to the ratio of interest amount to principal amount during the loan period. To determine the interest rate of loan contracts with banks and other financial institutions as lenders, the parties can only negotiate within the upper and lower limits of interest rates set by the central bank. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease.
The loan interest rate is the main basis for the parties to the loan contract to calculate the loan interest, and the loan interest rate clause is the main clause of the loan contract.
The interest rate of loan contracts with banks and other financial institutions as lenders can only be negotiated within the upper and lower limits of interest rates stipulated by the central bank. If the loan interest rate agreed by the parties is higher than the interest rate ceiling set by the People's Bank of China, the excess will be invalid; If the interest rate agreed by the parties is lower than the lower limit set by the central bank, the lowest interest rate set by the central bank shall prevail.
In addition, if the lender violates the regulations of the central bank and collects any other fees except interest, it will be punished by the central bank.
The loan interest rate is generally higher than the deposit interest rate, and the difference between them is the main source of bank profits.
Will the bank loan interest rate be adjusted in 2020?
There is a high probability that the interest rate of bank loans will decrease in 2020. In the short term, the change of loan interest rate is related to two factors, one is the money supply, and the other is the change of benchmark interest rate.
1, the influence of money supply on loan interest rate
In the final analysis, the loan interest rate is the price of funds. The price of any commodity is related to supply and demand. When demand exceeds supply, the price will naturally be high. This is difficult to achieve through supervision. Even if the price is controlled through regulation, it is only a superficial price. At this time, there will be a "black market", that is, the supply of goods with unknown channels comes out, the price is higher than the surface, and the quality risk is great.
The same is true of the price of funds. The most remarkable thing is that there was a "money shortage" in 20 13, and the mother gave less money, which led to insufficient market liquidity and a sharp rise in interest rates. Alipay's Yu 'ebao was launched under this background, and it was warmly welcomed by the market once it was launched. I remember that the rate of return at that time was as high as 7%. Such a high rate of return is unimaginable at present.
Therefore, under the pressure of the epidemic this year, the economic pressure is getting bigger and bigger. On February 3, the central bank put 1.2 trillion yuan of liquidity into the market, and has carried out many operations since then. This series of actions is to provide reasonable and sufficient liquidity to the market, reduce the price of funds and reduce the cost of social financing.
2. The downward adjustment of benchmark interest rate leads to the decrease of market interest rate.
Another reason that affects the decline of market interest rate is the decline of benchmark interest rate. We know that the price of goods is determined by the relationship between supply and demand, and so is the price of funds. If the price of raw materials of a commodity decreases, the final price will also decrease, and the price of capital will also decrease. The price of bank capital also comes from depositors and the central bank, because both of them determine the cost of bank capital.
At present, the interest rate of MLF is determined by the central bank, and MLF will affect the bank's capital cost. On June 17, the central bank lowered the winning bid rate of MLF by 0. 1 percentage point in order to guide the downward adjustment of market interest rate. Sure enough, on February 20th, the LPR interest rate was lowered accordingly, and 1 year was lowered by 0.65438+.
LPR is the current benchmark loan interest rate, and the level of LPR is positively related to MFL, so the relationship between these columns determines that the change of MLF will positively affect the trend of the final loan interest rate in the market.
The people's bank loan interest rate 202 1 latest interest rate table
202 1 latest benchmark interest rate table for bank loans: half-year interest rate 4.35, one-year interest rate 4.75, and one-to-five-year interest rate 4.9; Provident fund loans: the interest rate for less than five years (including five years) is 2.75, the interest rate for more than five years is 3, the annual interest rate for short-term loans of the central bank is 4.35, and the annual interest rate for medium and long-term loans is 4.75; The annual interest rates of short-term loans and medium-and long-term loans of ICBC, Agricultural Bank and China Construction Bank are the same. And since April, 2002 1,1,the interest rate of the second set of self-occupied housing loans for employees who newly apply for housing provident fund loans has risen by 1. 1 times according to the interest rate of the first set of housing provident fund loans in the same period.
1. Latest benchmark interest rate for deposits and loans in 20021September: List of the latest bank interest rates in 20021September and the latest bank deposit and loan interest rates. From September 24, 20 15, the benchmark interest rates of RMB loans and deposits of financial institutions will be lowered to further reduce the financing costs of enterprises.
Among them, the benchmark interest rate for one-year loans of financial institutions was lowered by 0.25 percentage points to 4.35%; The benchmark interest rate for one-year deposits was lowered by 0.25 percentage point to 1.5%.
2.20 15, 15124, the benchmark interest rates of RMB loans and deposits of financial institutions will be lowered to further reduce the social financing cost. Among them, the benchmark interest rate for one-year loans of financial institutions was lowered by 0.25 percentage points to 4.35%; The benchmark interest rate for one-year deposits was lowered by 0.25 percentage point to1.5%; The benchmark interest rates of other grades of loans and deposits are adjusted accordingly according to the loan interest rates of financial institutions; The interest rate of individual housing provident fund loans remains unchanged. At the same time, commercial banks and rural cooperative financial institutions are no longer allowed to set a floating ceiling on deposit interest rates, improve the formation and regulation mechanism of interest rate marketization, strengthen the regulation and supervision of the interest rate system by the central bank, and improve the transmission efficiency of monetary policy.
3. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
4. General lending institutions will provide borrowers with a grace period for repayment. After the borrower finds that it is overdue, as long as the debt is paid off within the grace period, the personal credit record will not be affected. If the repayment grace period is exceeded, the overdue loan records can be uploaded to the central bank's credit information center database.
Whether it is equal principal and interest repayment method or average capital repayment method, the nature of interest will not change. Generally speaking, matching the principal and interest will pay a little more interest than the average capital, but only if the loan term is sufficient.
It seems that the bank has recovered the interest, but in fact, with the reduction of the principal, the average capital repayment method can speed up the repayment, withdraw the funds as soon as possible, reduce the operating cost and help reduce the risk coefficient. In the actual operation process, the matching of principal and interest is more conducive to the borrower to master and facilitate repayment.
@ There is a homeowner, your mortgage contract has to be changed, and the central bank announced a major adjustment in the loan interest rate.
65438+On the morning of February 28th, the central bank issued an announcement. From March 28, 2020, financial institutions should negotiate with customers of existing floating interest rate loans on the conversion terms of pricing benchmark, and convert the interest rate pricing method agreed in the original contract into LPR pricing benchmark.
That sounds a little awkward. To put it simply, our previous loan contract was priced by raising (or lowering) the benchmark interest rate, and now it must be converted into LPR basis point (or fixed interest rate).
Of course, what is relevant to most people is mortgage.
The central bank said in August that the existing personal housing loan interest rate is still implemented according to the original contract. Why has it changed? After switching to the new pricing method, is the mortgage more or less? The central bank has an answer.
In particular, this change does not include provident fund personal housing loans. After all, the interest rate of provident fund personal housing loans is much lower than that of commercial loans.
The central bank made a major adjustment: converting the pricing benchmark of floating rate loans into LPR.
On August 7, 20 19, the central bank issued an announcement to reform and improve the formation mechanism of the loan market quoted interest rate (LPR).
The central bank said that at present, nearly 90% of new loans have been priced with reference to LPR, but the stock floating rate loans are still priced on the basis of the loan benchmark interest rate, which can not reflect the changes in market interest rates in time, which is not conducive to protecting the rights and interests of both borrowers and lenders. In order to further deepen the reform of LPR, the People's Bank of China issued Announcement No.30 [20 19] to promote the smooth conversion of the existing pricing benchmark of floating rate loans.
According to the announcement of the central bank, the floating interest rate loan in stock refers to the floating interest rate loan (excluding provident fund personal housing loan) that has been issued by financial institutions before June 65438+1 October12020 and has been signed but not issued with reference to the benchmark loan interest rate. Since June 5438+ 10/day, 2020, financial institutions are not allowed to sign floating interest rate loan contracts with reference to the benchmark loan interest rate.
What are the principles for the conversion of the pricing benchmark of floating rate loans?
First, the borrower can negotiate with the bank to determine whether to convert the pricing benchmark into LPR or fixed interest rate. The borrower has only one choice, and it cannot be converted again after conversion. In the last repricing cycle, the floating-rate loan of inventory shall not be converted.
Second, the conversion work will be started on March 2020 1, and should be completed before August 3, 20201in principle.
Third, the interest rate level of the converted loan is determined by both parties through consultation. Among them, in order to implement the regulation requirements of the real estate market, the existing commercial personal housing loan interest rate level should remain unchanged at the time of conversion.
According to the central bank, the pricing benchmark of floating interest rate loans is converted into LPR, and the value-added part is determined by both borrowers and borrowers through consultation, except for commercial personal housing loans. The value-added of commercial personal housing loans should be equal to the difference between the latest interest rate of the original contract and the corresponding term LPR issued in February 20 19. From the conversion point to the first re-pricing date after that point (excluding), the execution interest rate level shall be equal to the latest execution interest rate level of the original contract, that is, the sum of LPR and value-added during the corresponding period of 20 19. Thereafter, from the first repricing date, the interest rate level is recalculated on each interest rate repricing date, and is determined by the corresponding period LPR and added value of the latest month.
Financial institutions can renegotiate the repricing period and repricing date when negotiating pricing benchmark conversion terms with customers. The shortest repricing period for commercial personal housing loans is one year.
If the stock floating interest rate loan is converted into a fixed interest rate, the converted interest rate level shall be determined by the borrower and the borrower through consultation, and the converted interest rate level of commercial personal housing loan shall be equal to the latest interest rate level of the original contract.
Except for commercial personal housing loans, other floating interest rate loans, including but not limited to corporate loans and personal consumption loans, can be converted into fixed interest rates through negotiation between borrowers and borrowers according to the principle of marketization, including the term variety, added value, repricing period and repricing date of LPR.
The new mortgage interest rate is calculated like this!
So, how to calculate the new mortgage interest rate? Will the interest rate change after the conversion?
The central bank said that if the pricing benchmark is converted into LPR, the term variety of LPR will be determined according to the loan term of the original contract, and will not be adjusted during the remaining term of the contract after determination; The added value is the difference between the latest execution interest rate of the original contract and the LPR of June 20 19, 12 (which can be negative), and it will be fixed during the remaining term of the contract; The interest rate level remains unchanged at the time of conversion; Lenders and borrowers can re-agree the re-pricing period and date, and the shortest re-pricing period is one year.
When the same commercial individual housing loan is converted at any time between March and August, 2020, the value-added part is determined according to the LPR of February 20 19 and the original interest rate level. The added value is not affected by the conversion time, and banks and customers can handle it reasonably. At present, the repricing period of most existing commercial personal housing loans is 1 year, and the repricing date is 1 day every year.
Take this as an example. If the original contract term of the commercial personal housing loan is 20 years and the remaining term is 8 years, the interest rate agreed in the original contract is 65,438+00% higher than the benchmark interest rate of the loan for more than 5 years, and the current interest rate is 4.9% × (65,438+065,438+00%) = 5.39%. 20 19 and 12 issued an LPR of more than 5 years, which was 4.8%. If the borrower and lender decide to change the pricing benchmark on March 30, 2020, and the repricing period is still 1 year and the repricing date is still 1 day every year, the increase rate should be 0.59 percentage points (5.39%-4.8%=0.59%). From March 30th to February 30th, 2020 13 1, the interest rate is still 5.39%(4.8%0.59%). After that, the first re-pricing date is 202 1, 1. According to the re-agreed re-pricing rules, the interest rate will be adjusted to 65438+0.59% of the LPR published in February 2020, and so on every year.
To put it simply, in the first pricing cycle (generally 1 year), the newly implemented interest rate of housing loans is the same as the currently implemented interest rate, so the value of the basis point (LPR basis point) in the new interest rate is the difference between the current interest rate and LPR. Once the basis point is determined, it cannot be changed thereafter.
In addition, this change is also a "great pressure" for banks. The central bank said that since the date of the announcement, banks should formulate the existing commercial personal housing loan pricing benchmark conversion work plan as soon as possible, including system support and personnel training. At the same time, inform customers through various channels (including official website, network announcements, short messages, emails, mobile banking, telephone notifications, etc.). ) and on the premise of mutual agreement, change the original contract terms in a simple and easy way as far as possible.
LPR RRR cut is not for the property market.
Although the interest rate of the first mortgage cycle remains unchanged, the change of LPR will have an impact on your mortgage repayment.
The mortgage interest rate is usually equivalent to a five-year LPR. According to the data of China Foreign Exchange Trading Center, the price of LPR was 4.80% five years ago.
The last change of LPR quotation was on 1 65438+1October 20th: the variety of1year decreased from 4.20% to 4.15%; Five-year-old varieties decreased from 4.85% to 4.80%.
Zhang Dawei, chief analyst of Zhongyuan Real Estate, analyzed at that time that the reduction of the five-year LPR meant that only a loan 1 10,000 was needed to buy a house in 30 years, and the average monthly supply decreased by 30 yuan, and the total monthly supply decreased by10.89 million yuan in 30 years.
It is worth noting that china securities journal reported that after the reform, LPR has gradually become the pricing benchmark for new loans. LPR is linked to MLF interest rate, and the change of the latter has an important impact on LPR, which in turn has an impact on the credit market interest rate. Faced with the successive downward adjustment of MLF interest rate and the central bank's reverse repo rate, some researchers believe that the interest rate reduction cycle may have begun.
CICC's fixed income research team pointed out that historically, the reduction of the central bank's reverse repo rate usually does not end at one time, and a new round of interest rate reduction cycle may have begun.
Zhang Jiqiang of Huatai Securities said that there is room for MLF interest rate to continue to decline slightly to guide LPR to continue to decline. However, related policy operations still need to prevent "inflation expectation diffusion" and maintain "normal monetary policy".
However, the main purpose of LPR RRR reduction is to guide the real economy to lower interest rates and reduce the cost of capital in the future, not for the property market.
As early as August, the central bank said that after the conversion of the pricing benchmark, the interest rate of the first individual housing loan newly issued nationwide should not be lower than the corresponding term $ TERM; The interest rate of two sets of personal housing loans shall not be lower than LPR plus 60 basis points in the same period.
Content source: National Business Daily Comprehensive Central Bank website, every APP
What is the benchmark interest rate for loans in 2020?
The benchmark interest rate for one-year loans of financial institutions was lowered by 0.25 percentage points to 4.35%; The benchmark interest rate for one-year deposits was lowered by 0.25 percentage point to 1.5%.
The People's Bank of China decided to lower the benchmark interest rates of RMB loans and deposits of financial institutions from February 24th, 20 15 to further reduce the social financing cost. Among them, the benchmark interest rate for one-year loans of financial institutions was lowered by 0.25 percentage points to 4.35%; The benchmark interest rate for one-year deposits was lowered by 0.25 percentage point to1.5%;
The benchmark interest rates of other loans and deposits and the lending rates of the People's Bank of China to financial institutions are adjusted accordingly; The interest rate of individual housing provident fund loans remains unchanged. At the same time, commercial banks and rural cooperative financial institutions are no longer allowed to set a floating ceiling on deposit interest rates, improve the formation and regulation mechanism of interest rate marketization, strengthen the regulation and supervision of the interest rate system by the central bank, and improve the transmission efficiency of monetary policy.
Starting from that day, the RMB deposit reserve ratio of financial institutions will be lowered by 0.5 percentage point, so as to keep liquidity in the banking system reasonably abundant and guide the steady and moderate growth of money and credit. At the same time, in order to increase the positive incentives for financial support for "agriculture, rural areas and farmers" and small and micro enterprises, the deposit reserve ratio will be reduced by 0.5 percentage points for eligible financial institutions.
The interest rate in the loan is not based on the benchmark interest rate, but the floating ratio based on the benchmark interest rate is the loan interest rate that the borrower finally gets. The benchmark interest rate is determined by the central bank, and the floating ratio of the benchmark interest rate is determined by each commercial bank independently. For example, for a 20-year mortgage loan, the loan interest rate of a commercial bank rises by 20%, so the borrower's final loan interest rate is 4.9%×( 120%)=5.88%.
How to change the mortgage interest?
Hello! It will change.
The interest rate in the loan will change with the increase or decrease of the new interest rate of the central bank. Generally speaking, when the deposit and loan interest rates of commercial banks change, the mortgage interest rate will be adjusted once a year, and the monthly repayment amount of the remaining principal will be determined according to the new interest rate at the beginning of the year, and will remain unchanged at 1 year after it is determined at the beginning of the year (regardless of whether the interest rate is adjusted again in that year). When you signed the mortgage contract, it was determined according to the current interest rate, which remained unchanged that year. However, some banks take effect the next month, and some banks take effect the next year, depending on the contracts signed with banks.
202/kloc-the latest bank interest rate and the latest bank deposit and loan interest rate adjustment in October/August.
20021:latest bank interest rate and latest bank deposit and loan interest rate adjustment list in August, 20021Bank Information Port learned that the People's Bank of China decided to lower the benchmark interest rates of RMB loans and deposits of financial institutions from August 24th, 20 15 to further reduce the financing costs of enterprises.
Among them, the benchmark interest rate for one-year loans of financial institutions was lowered by 0.25 percentage points to 4.35%; The benchmark interest rate for one-year deposits was lowered by 0.25 percentage point to 1.5%.
The People's Bank of China decided to lower the benchmark interest rates of RMB loans and deposits of financial institutions from August 24th, 20 15 to further reduce the social financing cost. Among them, the benchmark interest rate for one-year loans of financial institutions was lowered by 0.25 percentage points to 4.35%; The benchmark interest rate for one-year deposits was lowered by 0.25 percentage point to1.5%; The benchmark interest rates of other loans and deposits and the lending rates of the People's Bank of China to financial institutions are adjusted accordingly; The interest rate of individual housing provident fund loans remains unchanged. At the same time, commercial banks and rural cooperative financial institutions are no longer allowed to set a floating ceiling on deposit interest rates, improve the formation and regulation mechanism of interest rate marketization, strengthen the regulation and supervision of the interest rate system by the central bank, and improve the transmission efficiency of monetary policy.
Starting from that day, the RMB deposit reserve ratio of financial institutions will be lowered by 0.5 percentage point, so as to keep liquidity in the banking system reasonably abundant and guide the steady and moderate growth of money and credit. At the same time, in order to increase the positive incentives for financial support for "agriculture, rural areas and farmers" and small and micro enterprises, the deposit reserve ratio will be reduced by 0.5 percentage points for eligible financial institutions.
The benchmark interest rates for other grades of loans and deposits will be adjusted accordingly. (This interest rate is 202 1 the latest bank interest rate in August, the new benchmark interest rate for bank deposits and loans)
The bank information port specially reminds that the deposit and loan interest rate of individual housing provident fund has not decreased.
The latest benchmark interest rate table for bank deposits and loans (updated on August 24th, 20021,654 38+0) compiled by the following bank information port:
202/kloc-latest benchmark interest rate table for bank deposits and loans in October/August.
Various deposit interest rates (provided by bank information port)
interest rate
Demand deposit 0.35
Fixed deposit interest rate in lump sum.
Three months 1. 10
Half a year 1.30
One year 1.50
Two years 2. 10
2.75 pounds for three years
Interest rates of various loans
Within one year (including one year) 4.35
One to five years (including five years) 4.75
More than five years 4.90
Provident fund loan interest rate
Less than five years (including five years) 2.75
More than five years 3.25
The above is the latest benchmark interest rates for deposits, loans and provident funds of 202 1 after the interest rate cut on August 24th, 20 15!
Friendly reminder of bank information port:
Banks have the right to float on the basis of the benchmark interest rate. The specific domestic bank deposit interest rate, loan interest rate and provident fund loan interest rate shall be subject to the actual announcement of the bank. At present, as joint-stock banks have raised the interest rate of fixed deposits, interest rate marketization shows signs of starting, and all banks have different degrees of deposit interest rate concessions. Please consult your local bank for details.