? Bank interest rate indicates the ratio of interest amount to principal in a certain period, usually expressed as a percentage, and if calculated on an annual basis, it is called annual interest rate. The calculation formula is: interest rate = interest amount ÷ principal ÷ time × 100%. The purpose of adding x 100% is to convert the number into a percentage, which means the same as multiplying by 1. You don't need to add it in the calculation, just remember it.

Generally speaking, interest rates are expressed in different ways according to the term standard of measurement: annual interest rate, monthly interest rate and daily interest rate. Let's look at the mortgage interest rate in 2022:

List of mortgage interest rates in 2022

Project annual interest rate%

1. Short-term loan?

Within one year (including one year) 4.35

Second, medium and long-term loans?

One to five years (including five years) 4.75

More than five years 4.9

Third, individual housing provident fund loans?

Under five years old (inclusive) 2.75

More than five years 3.25