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How much does it cost to repay 860 thousand loans every year for 27 years
At present, the annual interest rate of loans for 5-30 years (including 30 years) announced by the People's Bank of China is 4.9%. According to the benchmark interest rate, the monthly repayment amount is 479 1. 16 yuan, and the first month repayment amount is 6 165.99 yuan (for reference only).

If you are going to apply for a loan in China Merchants Bank, the loan interest rate needs to be comprehensively priced in combination with the business type, credit status, guarantee method and other factors you apply for, and can only be determined after approval by the handling outlets.