Current location - Loan Platform Complete Network - Bank loan - Does the loan interest rate mean the annual interest rate?
Does the loan interest rate mean the annual interest rate?
If it is a bank loan, it is usually the annual interest rate. For example, many banks and finance companies will write in their loan business leaflets.

/kloc-the loan interest rate for 0/to 3 years (including 3 years) is 6.65%, the loan interest rate for 3 to 5 years (including 5 years) is 6.90%, and the loan interest rate for 5 years and above is 7.05%. These are usually annual interest rates, which will be indicated on the leaflet. However, some companies and institutions will make monthly interest loans. When signing a loan, they still need to pay attention to the calculation method of interest rate in the contract and try to stay away from usury. . Damage to the body and kidneys ...