According to the meaning of the question, the loan principal is170 thousand yuan, that is,170 thousand yuan.

The interest rate is 1, that is, the interest rate = 1%.

According to the formula, interest = principal * interest rate.

According to the annual interest rate: interest =170000 *1%=1700 (yuan).

Calculated by monthly interest rate: interest =170000 *1%*12 = 20400 (yuan).

Extended data:

Matters needing attention in loan:

1. The information provided to the bank should be true, the address and contact information provided should be accurate, and the bank should be informed in time when there is any change;

2. The loan purpose should be legal and compliant, and the transaction background should be true;

3. Choose the repayment method that suits you according to your repayment ability and future income expectation;

4. Apply for a loan amount according to your own ability. Usually, the monthly repayment amount should not exceed 50% of the total family income;

5. Read the terms of the contract carefully and understand your rights and obligations;

6. Repay on time to avoid bad credit records;

7. Don't lose the loan contract and IOUs. For mortgage loans, don't forget to cancel the mortgage registration after paying off the loan;

8. prepayment must be communicated with the bank one month in advance.

9. For foreigners to apply for commercial loans, banks generally require borrowers to have a stable income in the local area, and they also need to open a household registration certificate at the place where they are registered (some banks also require a certificate of employment); Moreover, in addition to local income, housing guarantee companies should also apply for temporary residence permits for foreigners.