What is the loan interest rate of Bank of Communications?

1. Short-term loan: 4.35% within one year (including one year).

2. Medium and long-term loans: 4.75% for one to five years (including five years) and 4.90% for more than five years.

According to the regulations of the People's Bank of China, the loan interest rates of various banks can float freely at present. To put it simply, for all applicants, the interest rate of Bank A is 7%, and the interest rate of Bank B may be 10%, so you need to compare yourself and choose the product that suits you. Finally, I would like to remind you that the interest rate of provident fund loans is not discounted or floating, and the designated interest rate is fully implemented.

The loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when they issue loans. It is mainly divided into three categories: the loan interest rate of the central bank to commercial banks; The loan interest rate of commercial banks to customers; Interbank lending rate

The decisive factors of bank loan interest are:

1, bank cost. Any economic activity needs cost-benefit comparison. There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business.

2. Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest.

3. Supply and demand of loan funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa. In addition, the loan interest rate must also consider price changes, securities returns, political factors and so on.

However, some scholars believe that the upper limit of interest rate should be the marginal rate of return of funds. The factor that restricts the interest rate is regarded as the comparison between the profit growth rate of enterprises after borrowing bank loans and the loan interest rate. As long as the former is not lower than the latter, it is possible for enterprises to borrow money from banks.

Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. Interest rates in China are managed by the Central Bank. Bank loan interest rate refers to the benchmark interest rate set by the central bank, and the actual contract interest rate can fluctuate within a certain range on the basis of the benchmark interest rate.

The loan interest rate refers to the ratio of interest amount to principal amount during the loan period. To determine the interest rate of loan contracts with banks and other financial institutions as lenders, the parties can only negotiate within the upper and lower limits of interest rates set by the central bank. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease.

The loan interest rate is the main basis for the parties to the loan contract to calculate the loan interest, and the loan interest rate clause is the main clause of the loan contract.

The interest rate of loan contracts with banks and other financial institutions as lenders can only be negotiated within the upper and lower limits of interest rates stipulated by the central bank. If the loan interest rate agreed by the parties is higher than the interest rate ceiling set by the People's Bank of China, the excess will be invalid; If the interest rate agreed by the parties is lower than the lower limit set by the central bank, the lowest interest rate set by the central bank shall prevail.

In addition, if the lender violates the regulations of the central bank and collects any other fees except interest, it will be punished by the central bank.

The loan interest rate is generally higher than the deposit interest rate, and the difference between them is the main source of bank profits.

How much is the interest of Bank of Communications loan for 70,000 years?

The loan was made in 76,000 years. Assuming that the repayment method is equal principal and interest, and the annual interest rate of the loan is 4.90%, the monthly repayment is 1,124./0 yuan, the total interest is10,935.28 yuan, and the total repayment is 80,935.28 yuan.

The loan is 76,000 years. If the repayment method is average capital, the annual interest rate of the loan is 4.90%, and the repayment in the first month is 1258.06 yuan, with a monthly decrease of 3.97 yuan. Total interest is 10432.92 yuan, total repayment is 80432.92 yuan, and interest accounts for 12.97 yuan.

What is the operating loan interest rate of Bank of Communications?

The national benchmark interest rates are as follows:

1. Annual loan interest rate within one year: 4.35%.

2. The annual interest rate of one to five-year loans: 4.75%.

3. Annual interest rate of loans with a term of more than five years: 4.90%.