Legal analysis: the benchmark annual interest rate of credit loans is 0-6 months (including 6 months), 4.35% for 6 months-1 year (including 1 year), 4.35% for 1-3 years (including 3 years) and 4.75% for 3-3 years. The loan interest rate needs to be comprehensively priced in combination with the borrower's qualification, the selected lending institution, the business type applied for, credit status, guarantee method and other factors, and can only be determined after approval by the handling outlets.
Legal basis: Article 37 of the Law of People's Republic of China (PRC) Commercial Bank, when granting loans, a commercial bank shall conclude a written contract with the borrower. The contract shall stipulate the type, purpose, amount, interest rate, repayment period, repayment method, liability for breach of contract and other matters that both parties think need to be agreed. Article 38 A commercial bank shall determine the loan interest rate according to the upper and lower limits of the loan interest rate stipulated by the People's Bank of China.
What is the loan interest of rural credit cooperatives now?
The loan interest rate of rural credit cooperatives is based on the benchmark interest rate of central bank loans and adjusted according to the specific conditions of lenders. The lower limit is 0.9 times of the benchmark interest rate and the upper limit is 2.3 times of the benchmark interest rate. Details are as follows: 1. The commercial loan interest rate of rural credit cooperatives: 5.60% for less than 6 months (including 6 months), 6.00% for 6 months to 1 year (including 1 year), and 6.65438+ for 1 year (including 3 years). 2. Interest rate of provident fund loans of rural credit cooperatives: 4.00% within 5 years (including 5 years) and 4.50% over 5 years. Next, Bian Xiao will briefly introduce the application conditions for applying for loans from rural credit cooperatives. Information needed to apply for a loan from a rural credit cooperative 1. The applicant fills in the personal loan application form and fills in the information; 2. Carry a valid ID card or household registration book; 3. Provide a description of family property and the income certificate issued by the unit or neighborhood committee where the applicant and his spouse work; 4. The valid identity certificate and photocopy of the property owner, and other relevant materials as required.
What is the loan interest rate of credit cooperatives in 111 years?
The loan of rural credit cooperatives is 65,438+10,000 yuan, and the annual commercial loan interest is 39 15 yuan to 10005 yuan. The loan interest rate of rural credit cooperatives should be determined according to the location and individual loan qualifications. The lower limit is 0.9 times of the benchmark interest rate, and the maximum floating rate is 2.3 times of the benchmark interest rate, that is, the commercial loan interest rate ranges from 3.9 15% to 10.005%. Interest = interest rate × principal × years, that is, from 3.9 15% to 10.005%×65438+ ten thousand, you can get interest.
What is the interest rate of bank credit loan?
The interest rates of credit loans in big banks are almost the same, and there will be different interest rates according to individual circumstances. The following banks with low credit loan interest rates are for reference:
1, CCB Express Loan: CCB Express Loan is also a personal credit loan product with a low interest rate, which was as low as 4.35% before, but the specific interest rate is differentiated by the system according to the borrower's credit and contribution.
2. Bank of China: China Bank E-loan credit loan, with an annual interest rate ceiling of 4.35%, and differentiated pricing is implemented according to the specific situation of the lender;
3. Agricultural Bank of China: Netjet Credit Loan. The annual interest rate of the newly signed 1 year loan is at least 4.35%~4.5%. The interest rates in different regions are different, and the pricing is different according to the qualifications of lenders.
4. Postal savings loans-privileged customers: personal credit loans issued by Postal Savings Bank, starting from 65,438+0,000 yuan, up to 200,000 yuan, with an annual interest rate of 4.35%-7.05%. Differentiated interest rates shall be adopted according to the qualifications of borrowers, subject to the interface display at the time of application.
1. At present, the benchmark interest rate for RMB loans is:
1, short-term loans: within 6 months, the interest rate is 4.35, and the interest rate is 4.35 from 6 months to 1 year (including one year);
2. Medium and long-term loans: one to three years (including three years), with an interest rate of 4.75; The interest rate is 4.75 for three to five years (including five years); The interest rate for more than five years is 4.90;
Personal credit consumption loans can rise by a certain percentage on the basis of the benchmark interest rate.
Credit loans, the interest rate is very high, generally rising by 20% or more. The credit loan interest rates of some large banks and some joint-stock commercial banks are also quite different. The annual interest rate of credit loans of some big banks can be controlled between 5% and 7%, while the interest rate of credit loans of joint-stock commercial banks is likely to be higher than 10%. The former has a lower interest rate, but it has higher requirements for credit and qualification. The latter requirements will be lower, but they are still much stricter than those of non-bank lending institutions.
Second, the calculation formula of credit loan interest rate
How to calculate interest is related to the repayment method chosen. Common repayment methods include matching principal and interest and average capital. The calculation formula is as follows:
1, equal principal and interest:
Monthly repayment amount = loan principal × [monthly interest rate ×( 1 monthly interest rate )× repayment months] pide; {[( 1 monthly interest rate) repayment months ]- 1}
Total interest = monthly repayment amount-loan months-principal
2. Average capital:
Monthly repayment amount = (loan principal/repayment months) (principal-accumulated repaid principal) × monthly interest rate.
Total interest = monthly interest rate of loan principal (loan months /20.5)
Three, apply for credit loans must meet the following conditions:
1. Applicant 18 years old or above is a natural person with full capacity for civil conduct;
2. The applicant has a fixed residence and is a permanent residence in the local town;
3. The applicant has no illegal acts and no bad records in personal credit investigation;
4. The applicant has a legitimate occupation and a stable source of income, and has the ability to repay the principal and interest of the loan on schedule;
5. The applicant can provide relevant property certificates.
How to calculate the loan interest of rural credit cooperatives?
1. Look carefully, whether your contract is "paying interest with principal" or "paying interest quarterly". According to the present situation, interest is paid quarterly. The contract shall prevail. If the interest is settled quarterly. Your two months are 5000020.0096=960. . I shouldn't be interested in you. Cheated the interest, the loan officer died, lost his job, and did not have hundreds of thousands of benefits. You don't usually do this! If your contract is "interest is repaid with principal", you can ask the credit union to modify your repayment method according to the contract. .
20 19 what is the personal loan interest rate of rural credit cooperatives?
Rural credit cooperatives, referred to as rural credit cooperatives and rural credit cooperatives for short, refer to rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members' shares, implement democratic management and mainly provide financial services for members.
Rural credit cooperatives have a lot to do with our farmers and rural areas. Many farmers choose rural credit cooperatives for financing, so what is the personal loan interest rate of 20 19 rural credit cooperatives?
First of all, let's look at the central bank loan interest rate, as follows:
For short-term loans within one year (inclusive), the loan interest rate is 4.35%; For medium-term loans from one year to five years (inclusive), the loan interest rate is 4.75%; For long-term loans of more than five years, the loan interest rate is 4.9%.
If it is a personal provident fund loan, the loan interest rate is 2.75% for short-term and medium-term loans of less than five years (inclusive); For long-term loans of more than five years, the loan interest rate is 3.25%.
Note: The real interest rate of the main loan products of rural credit cooperatives will fluctuate on the basis of the central bank's benchmark interest rate, subject to the approval.
When we need funds, it is legal to borrow from rural credit cooperatives or banks, but the loan interest rate may be different; In fact, the loan interest rate may be different for the same bank and different projects.
So much for the introduction of annual credit interest rate.