What is the general loan interest rate?

The current normal annual loan interest rate is 14% to 18%, which is the normal range. Although yours is a bit high, it is within the normal legal range. If the annual interest rate exceeds 24% or even 36%, then it is an absolute loan shark. Do not borrow money, the interest rate is very high

The annualized interest rate refers to the inherent rate of return of the product Discounted to the full year's interest rate.

On March 31, 2021, the People's Bank of China issued an announcement to make relevant regulations on the annual interest rate of loans for loan products.

Assume that the return period of a financial product is year a and the total rate of return is b, then the annualized interest rate r

r=(1 b) the root of a minus 1

On March 31, 2021, the People's Bank of China issued an announcement to make relevant regulations on the annual interest rate of loans for loan products.

All institutions engaged in loan business should display the annual interest rate to borrowers in an obvious way when marketing through websites, mobile applications, promotional posters and other channels. Institutions engaged in loan business include but are not limited to depository financial institutions, automobile finance companies, consumer finance companies, small loan companies, and Internet platforms that provide advertising or display platforms for loan business.

The annual interest rate of the loan shall be calculated as the ratio of all loan costs charged to the borrower to the loan principal actually occupied, and converted into an annualized form. The annual interest rate of a loan can be calculated using the compound interest or simple interest method: the compound interest calculation method is the internal rate of return method; if the simple interest calculation method is used, it should be stated that it is simple interest.

Interest rate refers to the ratio of the amount of interest to the amount of borrowed funds (principal) within a certain period of time. Interest rate is the main factor that determines the level of corporate capital costs. It is also a decisive factor in corporate financing and investment. Research on the financial environment must pay attention to the current status of interest rates and their changing trends.

The interest rate is the ratio of the amount of interest due each period on the amount borrowed, deposited or borrowed (called the total principal) to the face value. The total interest on the amount lent or borrowed depends on the total principal amount, the interest rate, the frequency of compounding, and the length of time it is lent, deposited, or borrowed. Interest rate is the price a borrower pays for borrowing money, and it is the return the lender earns from lending to the borrower by delaying his or her consumption. The interest rate is usually calculated as a percentage of the one-year interest to the principal. What is the legal interest rate for loans?

The People's Court should support private loans with monthly interest rates between 2 and 3, and annual interest rates between 24 and 36. The monthly interest rate for private loans does not exceed 2. For example, the maximum monthly interest rate for 100,000 yuan is 2,000 yuan, which is legal interest and is protected by law. The monthly interest rate of private loans is between 2 and 3, and the annual interest rate is between 24 and 36. The premise is that the borrower pays it voluntarily, which is also legal interest and protected by law. The above two situations are relatively legal.

?Our country has divided loan interest rates. Generally, the annual interest rate does not exceed 24 hours, which belongs to the judicial protection zone. The borrowing interest rate is within this range. The borrower cannot refuse to repay the principal and interest of the loan for any reason, otherwise the state will The court will force the borrower to pay off the debt. When the annual interest rate of a loan is between 24 and 36, it belongs to the voluntary negotiation zone. This interest rate range is common in private loans and is mainly the loan interest rate voluntarily recognized by both borrowers and lenders. If the borrower does not repay this part of the interest, the lender will go to court. , the court will not force the borrower to repay this part of the interest.

According to Article 26 of the "Regulations of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases", if the interest rate agreed between the borrower and the lender does not exceed the annual interest rate of 24, the lender requires the borrower to comply with the agreement. If interest is paid at an interest rate, the people's court shall support it. If the interest rate agreed between the borrower and the lender exceeds the annual interest rate of 36, the interest agreement for the excess portion is invalid. If the borrower requests the lender to return the interest that has been paid in excess of 36% of the annual interest rate, the People's Court shall support the request. What is the normal annual loan interest rate?

It is normal for the annual loan interest rate not to exceed 24%. The latest central bank loan benchmark interest rate is as follows: 1. The interest rate for a loan period within one year (inclusive) is 4.35 .

2. The interest rate for a loan period of one to five years (inclusive) is 4.75. 3. The interest rate for a loan period of more than five years is 4.90. The annual interest rate of a loan generally refers to the interest rate calculated on an annual basis. The current annual interest rate calculation formula is: annual interest rate = interest/principal/term. Currently, the annual interest rate of loans of various commercial banks generally fluctuates based on the central bank's benchmark interest rate.

The annualized interest rate is the interest rate discounted to the entire year through the product's inherent rate of return. Assume that the return period of a financial product is year a and the rate of return is b, then the annualized interest rate r is the difference between the sum of 1 and b raised to the power of a and 1, that is, (1 b) raised to the power of a minus 1. Interest calculated on an annual basis. The annual interest rate is expressed as a percentage of the principal. For example: if you deposit 100 yuan and the bank promises to pay an annual interest rate of 4.2, then the bank will have to pay 4.2 yuan in interest in the 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, and the final withdrawal is 100 4.2 = 104.2 yuan.

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