The current one-year loan interest rate is 5.3 1% per annum. According to the comprehensive evaluation of loan purpose/lender's credit status/mortgage guarantee, the bank will make some floating on the basis of the benchmark interest rate, which is calculated here.
The calculation of bank loan interest is monthly compound interest, with an annual interest rate of 4.3 1% and a monthly interest rate of 4.31%12, so the loan interest100000 * 4.31%= 436550.
Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease. There are three factors that determine loan interest: loan amount, loan term and loan interest rate.
What are the factors that arouse interest?
Delayed consumption:
Lenders lend money, which is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer current goods to future goods, so there will be positive interest rates in the free market.
Expected inflation:
Inflation will occur in most economies, which means that a certain amount of money will buy less goods in the future than it does now. So the borrower needs to compensate the lender for the losses during this period.
Alternative investment:
Lenders can choose to invest their money in other investments. Due to the opportunity cost, the lender lends money, which is equivalent to giving up the possible return on other investments. Borrowers need to compete with other investments for this fund.
Investment risk:
Borrowers are at risk of bankruptcy, absconding or default at any time, and lenders need to charge extra fees to ensure that they can still get compensation under these circumstances.
Liquidity preference:
People will prefer that their funds or resources can be traded immediately at any time instead of spending time or money to get them back. Interest rate is also a kind of compensation for this.
As the use price of funds, interest plays a very important role in the operation of market economy, mainly in the following aspects:
Functions that affect enterprise behavior:
As the occupation cost of an enterprise, interest directly affects the economic benefits of the enterprise. In order to reduce costs and improve efficiency, enterprises should do everything possible to reduce the amount of funds, and at the same time compare the costs of various financing methods in the process of financing. If enterprises in the whole society regard saving interest expenses as a common behavior mode, then the efficiency of economic growth will certainly be improved.
Functions that affect residents' asset selection behavior;
With the increasing real income level and savings rate of Chinese residents, asset selection behavior has emerged. The increase of financial instruments provides an objective basis for residents' asset selection behavior, and interest income is the main incentive for residents' asset selection behavior.