China People's Bank Loan Interest Rate Table 20 19, China People's Bank Loan Interest Rate Table 202 1 latest edition.
The interest rate of short-term loans (less than one year) is 4.35%, and the principal and interest will be repaid in installments during the loan period. The loan interest rate for one year to five years (inclusive) is 4.75%, and the short-term loan interest rate for one year to five years (inclusive) is 4.75%.
The interest rate of short-term loans (less than one year) is 4.35%, and the principal and interest will be repaid in installments during the loan period. The loan interest rate for one year to five years (inclusive) is 4.75%, and the loan interest rate for one year to five years (inclusive) is 4.75%.
The interest rate of short-term loans (within one year and one year) is 4.35%. For medium and long-term loans, the loan interest rate for one year to five years (inclusive) is 4.75%.
1.20 19 The lending rates of major banks fluctuate on the benchmark interest rate of the central bank. The benchmark interest rate of the central bank is: the interest rate of short-term loans (within one year) is 4.35%. Medium and long-term loans. The loan interest rate for one year to five years (inclusive) is 4.75%. The loan interest rate for more than five years is 4.90%. Housing provident fund loan. The interest rate for loans with a five-year term or less is 2.75%. The loan interest rate for more than five years is 3.25%.
2. Four common calculation methods of bank loan interest: simple interest method and simple interest method mean that during the loan period, the interest is calculated only according to the loan principal on the agreed interest collection date, and the interest not received in the previous period is not used as the basis for the current interest calculation. Commercial banks in China use simple interest method to collect loan interest. The calculation formula is: interest = loan principal × loan daily interest rate × loan days.
3. Compound interest method The compound interest method means that if the interest of the previous period is not received on the agreed interest collection date within the loan term, the interest of the previous period should be included in the principal as a new interest base, and interest should be collected on this basis. Compound interest is commonly known as "rolling interest". The calculation formula is: principal and interest = loan principal× (1interest rate) n power, and interest = principal× [(1interest rate) n power-1].
4. Discount method refers to the method that the commercial bank deducts interest from the principal in advance when issuing loans, and the borrower repays the principal and interest in installments at maturity. Commercial banks usually use this method when discounting commercial bills for customers. The calculation formula is: interest = loan principal (or face value) × loan days × discount date interest rate.
5. Amortization of principal and interest refers to a method of repaying principal and interest regularly within the loan term. This law is applicable to housing mortgage loans and other loan projects with large amount and long term.
Within one year, including one-year short-term loans, the central bank's benchmark interest rate is 4.35%; For one to five years, including five-year medium-term loans, the benchmark interest rate of the central bank is 4.75%.
The above information is about the latest version of China People's Bank loan interest rate table 20 19 and China People's Bank loan interest rate table 202 1.
Bank of China loan interest rate
I. The latest central bank loan interest rate (annual interest rate) in the loan interest rate table of the People's Bank of China.
Six months (inclusive) 4.35%
Half a year to one year (inclusive) 4.35%
One year to three years (inclusive) 4.75%
3 to 5 years (inclusive) 4.75%
More than five years, 4.9%
Second, the provisions of personal loans.
Refers to the local and foreign currency loans granted by banks or other financial institutions to natural persons who meet the loan conditions for personal consumption, production and operation. Among them, the basic conditions of the borrower are China citizens with full capacity for civil conduct or qualified foreign natural persons; The purpose of the loan is clear and legal; Good credit status, no major bad credit records; Have the will and ability to repay. On this basis, banks will have different requirements for borrowers according to the characteristics of different loans.
Three, personal bank loans roughly classified
1, according to the different purposes of personal loans, it can be divided into personal housing loans, car loans, study abroad loans, student loans, personal consumption loans, personal business loans and so on.
2. According to the different ways of personal loan guarantee, it can be divided into credit loan and secured loan, and the latter includes secured loan and mortgage loan.
3. According to the different repayment methods of personal loans, it can be divided into installment loans and one-time repayment loans. The former includes average principal, equal principal and interest, installment interest and one-time repayment, equal increase of principal, equal decrease of principal and combined repayment.
Four, personal bank loans matters needing attention
1. Repay by income. The repayment arrangement mainly determines the loan term and down payment ratio. Most bank loans are repaid by installments, that is, the loan principal and interest are repaid in equal amounts every month. When the loan amount is fixed, choosing different loan terms and products will determine different monthly repayment levels. Usually, the longer the loan term or the lower the product interest rate, the smaller the monthly repayment amount, and vice versa. The expected monthly income level is an objective constraint to determine the repayment arrangement. According to the experience of personal loans in developed countries, the average monthly repayment amount accounts for 15-50% of the monthly income level. If it exceeds 50%, the borrower's daily life and consumption level will be adversely affected. In absolute terms, the residual income of a family after monthly repayment should at least be higher than the minimum living standard per capita stipulated by Beijing. Repayment according to income is the most important point of personal loan.
2. Pay attention to the risk of interest rate changes. The personal loan interest rate is a floating interest rate. As long as the People's Bank of China adjusts the interest rate, the interest rate repaid by the borrower will change accordingly, and the monthly repayment amount will also be adjusted from the following year. Borrowers must pay attention to the change of their repayment amount, and be careful not to affect their personal credit because of less repayment or late repayment.
Don't forget to find the bank if you have difficulty in repaying the loan. When the repayment ability declines during the loan period, don't insist on it yourself when there is difficulty in repayment. You can apply to the bank for an extension of the loan period. If the bank investigation proves that there is no default in repayment of principal and interest, you will accept the application for extending the loan term.
Consumer loan interest rate
The calculation formula of consumer loan interest rate is: consumer loan interest rate = interest/(principal term).
The interest rate of general consumer loans fluctuates according to the benchmark interest rate of bank loans, and the specific interest rate will be dynamically adjusted according to the qualifications of applicants.
The latest benchmark interest rate for central bank loans:
(1) Short-term loan: within one year (including one year), and the adjusted interest rate is 4.35%.
(2) Medium and long-term loans: the adjusted interest rate is 4.75% for one year to five years (including five years); The adjusted interest rate for more than five years is 4.90%.
(3) Personal housing provident fund loan: the adjusted interest rate for the following five years (including five years) is 2.75%; The adjusted interest rate for more than five years is 3.25%.
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.
What is the average annual interest rate of consumer loans?
The benchmark interest rate for personal consumption loans stipulated by the central bank is: 5.6% for six months; 6% a year; 1 ~ 3 years 6.15%; 3 ~ 5 years 6.4%; More than five years, 6.55%.
The interest rate of personal consumption loans mainly depends on the loan interest rate and repayment method of various lending institutions. The loan interest rate generally fluctuates reasonably within the national benchmark interest rate set by the central bank. The benchmark loan interest rate set by the central bank this year is: 5.6% for six months; 6% a year; 1 ~ 3 years 6.15%; 3 ~ 5 years 6.4%; More than five years, 6.55%. However, in the actual process of handling loans, there are certain differences in loan interest rates. Taking China Agricultural Bank as an example, the interest rates of its various loan businesses are: personal consumption mortgage loan15 ~ 20%; Comprehensive credit loan10 ~ 20%; Capgemini loan 0.65% (month); 30% salary loan. Interest rates on personal consumption loans generally rose.
These include car loans and house decoration loans. The interest rates of state-owned banks such as ICBC, Agricultural Bank of China, Bank of China and China Construction Bank generally rose by 10% to 15%, and most joint-stock banks rose by 20% to 30%. There is even news that the first home loan discount may be cancelled. As for the personal business loan interest rate, the floating rate will be even greater, reaching 30%-40%, while the personal credit consumption loan will rise to 50% on the basis of the benchmark interest rate.
How to calculate the personal consumption loan interest rate?
1. Monthly repayment amount of equal principal and interest repayment = {loan principal× monthly interest rate× (1interest rate) repayment months} {( 1 interest rate) repayment months-1}
2. Monthly repayment amount of equal principal repayment = (loan principal ÷ repayment months) (loan principal-accumulated repaid principal) × monthly interest rate For example, I applied to the bank for a personal consumption loan product with a loan amount of 50,000 yuan, a loan interest rate of 6.8% and a loan term of 2 years.
According to the above formula, we can get the repayment form of equal principal and interest: monthly repayment is 2234. 1 yuan, * * * needs to pay interest 36 18.4 yuan, and the total repayment amount is 536 18.4 yuan. Matching principal repayment form: RMB 2,366.67 yuan is required to be repaid in the first month, and then it will be reduced month by month, and 2095. 14 yuan is required to be repaid in the last month. The total interest is 354 1.67 yuan, and the total repayment is 5354 1.67 yuan.
Compared with the two methods, equal principal repayment is more stressful in the early stage, but it needs to pay less interest, which is more suitable for borrowers with a certain economic foundation, while equal principal repayment is suitable for borrowers with stable income. After reading the above introduction, do you know anything about this knowledge? Through the introduction of these contents, we can know what the interest rate of personal consumption loans is and how to calculate the interest rate of personal consumption loans. Different repayment methods have different calculation methods. You can choose these repayment methods according to your income and actual situation.