The loan interest is 6% 9, which usually refers to the monthly interest of 0.69%; The annual interest of 20,000 yuan is 2w * 0.69% * 12 = 1656 yuan; That is, the monthly interest of 20,000 yuan is 138 yuan.

Interest (year) = principal× annual interest rate (percentage )× deposit period = principal× interest rate× time.

Deposit interest rate refers to the ratio of interest amount to deposit amount in a certain period, also known as deposit interest rate. The deposit interest rate can be divided into annual interest rate, monthly interest rate and daily interest rate. Major banks will increase the benchmark interest rate announced by the People's Bank of China by a certain percentage to determine the specific deposit interest rate of their customers.

Extended data:

Personal loan interest calculation instructions:

1. If both parties agree on the interest rate in the loan contract or loan conditions, the interest shall be calculated according to the interest rate agreed by both parties.

2. According to Article 8 of the Supreme People's Court's Opinions on Handling Loan Cases by People's Courts, if the loan contract and loan conditions do not stipulate interest or the agreement is unclear, both borrowers have disputes over whether the interest rate is agreed, and no evidence can be provided. Interest can be calculated with reference to the interest rate of similar loans of banks.

3. In terms of personal loans, both parties can clearly agree on interest-free loans. If the borrower fails to repay the loan within the agreed repayment period, or fails to repay the loan within the agreed repayment period, the lender may demand repayment after being urged by the lender, and the interest shall be calculated with reference to the similar loan interest rate of the bank.

Baidu encyclopedia-interest