Generally, the longest loan period of personal loans is 30 years, and the loan period is different according to different loan types. For example, personal housing loans can last for 30 years, and personal car loans can last for 5 years.
In addition, the loan interest rates corresponding to different loan years are also different, generally floating on the benchmark interest rate of central bank loans. The benchmark interest rate is:
The interest rate of commercial loans within one year is 4.35%;
The interest rate of provident fund loans for more than five years is 3.25%.
The interest rate of commercial loans within one to five years is 4.75%;
The interest rate of provident fund loans within one to five years is 2.75%;
The interest rate of commercial loans over five years is 4.90%;
Extended data:
The simple and popular understanding of loan (electronic IOU credit loan) is the need for profit.
Loan is a form of credit activity in which banks or other financial institutions borrow monetary funds. Loans in a broad sense refer to loans in a broad sense. Banks put concentrated money and monetary funds out through loans, which can meet social needs and promote economic development. At the same time, banks can also obtain loan interest income from it and increase their own accumulation.
The "three principles" refer to safety, liquidity and efficiency, and are the fundamental principles of commercial banks' loan operation. Article 4 of People's Republic of China (PRC) Commercial Bank Law stipulates: "Commercial banks should take safety, liquidity and efficiency as their operating principles, be responsible for their own profits and losses, and be self-disciplined."
Loan security is the primary problem faced by commercial banks;
Liquidity refers to the ability to recover the loan according to the scheduled time limit, or to satisfy the customer's ability to withdraw the deposit at any time without loss;
Efficiency is the basis of sustainable operation of banks.
For example, if a long-term loan is issued, the interest rate will be higher than that of a short-term loan, and the benefit will be good. However, if the loan term is long, the risk will increase, the security will decrease and the liquidity will weaken. So the "three natures" should be harmonious.
Interest refers to the remuneration used by the borrower to obtain funds, which is capital (i.e. loan principal). The loan interest can be calculated in detail by the loan interest calculator.
In civil law, interest is the legal fruit of principal.
Matching principal and interest repayment: that is, the loan is repaid by matching monthly. The monthly repayment amount of housing provident fund loans is the same as that of commercial individuals in most banks, which is a repayment method of repaying loan interest during the day. In this way, the monthly repayment amount decreases month by month;
Pay interest on a monthly basis and repay the principal at maturity: that is, the borrower repays the loan in one lump sum (including one year) on the maturity date of the loan], and the loan bears interest on a daily basis and the interest is repaid on a monthly basis;
Second, how long can personal consumption loans last? What's going on here?
It depends on the terms of the loan. How long it takes depends mainly on the company's regulations, but there are also long-term ones, and they can definitely help you.
3. How many years can I borrow a personal loan?
First of all, different loan types have different loan life. Secondly, the lending institution should comprehensively consider the borrower's personal qualifications and give the loan amount. General credit loans can be loaned for 1 to 5 years, and housing loans can be loaned for up to 30 years. Love installment advertising application fast three-step payment! This is related to the type of loan and the personal qualification of the borrower. Generally speaking, different loan types have different loan life. If it is a credit loan, within 5 years, if it is a housing mortgage loan, it can reach 30 years.