The calculation formula of consumer loan interest rate is: consumer loan interest rate = interest/(principal term).

The interest rate of general consumer loans fluctuates according to the benchmark interest rate of bank loans, and the specific interest rate will be dynamically adjusted according to the qualifications of applicants.

The latest benchmark interest rate for central bank loans:

(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.

How to calculate the interest of personal consumption loan?

(1) How to calculate interest is related to the repayment method chosen. There are two common repayment methods: equal principal and interest and average principal. The calculation formula is as follows: 1. Matching principal and interest: monthly repayment amount = loan principal × [monthly interest rate× (1interest rate) repayment months ]=[( 1 interest rate) repayment months.

How to calculate the personal consumption loan interest rate of China Bank?

Interest rate of personal consumption loan of China Bank:

1. Selection of reference interest rate: The quoted interest rate of 1 year loan market published by National Interbank Funding Center on, and the floating bonus value based on the reference interest rate is _ bp.

2. Loan interest rate pricing method: floating interest rate method.

3. Floating period of loan interest rate: 12 months (repricing is not involved within the loan term).

4. The loan interest rate under this contract shall be subject to the agreement in Part I ... The loan interest rate shall be calculated on a daily basis, and the daily interest rate = annual interest rate /360. During the validity of the contract, the lender has the right to adjust the loan interest rate.

Due to differences in business in individual regions, please consult our acceptance outlets or call our customer service hotline 95566 (please call 86 10-95566 for overseas and Hong Kong, Macao and Taiwan regions) for details.

The above contents are for your reference. Please refer to the actual business regulations.