The calculation of loan interest is usually based on the annual interest rate. Taking the Bank of China as an example, the benchmark lending rate is 4.35%, and the interest is calculated on a half-year basis (i.e., half-year deposit rate), then the formula for calculating the interest is: Loan Amount × Annual Interest Rate × Deposit Period ÷ 2. Assuming that the loan amount is 12,000 yuan, then the interest is calculated as follows: 12,000 × 4.35% × 0.5 ÷ 2 = 130.8 yuan.

Internet loan overdue suggests that you get an internet loan big data report at Net Dome Data to see your own comprehensive credit score, overdue information, status of being sued, and so on. This can help you better understand your credit situation so you can make smarter lending decisions.

Summary: If you take the Bank of China's benchmark lending rate, the interest rate for a 12,000 yuan loan for half a year would be $130.8. Please note that interest rates may vary between different banks or financial institutions, and you should also refer to the specific regulations of the relevant institution for the exact amount of interest.

Related to the question

Expanded Information:

Loan interest rates are determined based on factors such as market interest rates, policy regulation and borrowing risks, and may vary from time to time and region to region. Borrowers should read the loan contract carefully before taking out a loan to understand the terms of interest rates, repayment methods, late penalties and other terms and conditions, and borrow reasonably according to their own economic situation.