No matter where they go for a loan, many people are concerned about the cost of the loan. After all, most loans are not free. At the very least, they have to pay interest. The higher the interest, the less cost-effective it is. Interest is generally determined by the interest rate, so how much is the annual interest rate of a loan of 10,000 yuan per year? Let’s do the math with everyone here to see if the interest rate is high.

How much is the annual loan interest rate of 10,000 yuan per year? Loan interest is usually calculated by applying the formula: interest = principal * annual interest rate * term. Here, the annual interest rate of the loan is that the principal is 10,000 and the term is one year. Then substitute the one-year interest calculated by the formula. It is 10,000* yuan. If you want to calculate monthly interest or daily interest, it is also possible. After all, annual interest rate, monthly interest rate, and daily interest rate can be converted into each other. Just apply the formula: annual interest rate = monthly interest rate * 12 = daily interest rate * 360. It can be calculated that the monthly interest is 40 yuan, and the daily interest is yuan . Note that these interests are not calculated according to the specific repayment method. If you choose a repayment method, such as equal principal and interest, equal principal and interest, the calculated interest will be different. You can find the loan calculation online for the specific algorithm. Come and do the math yourself.

Is it high? The annual interest rate is actually not high. You must know that there are many low-interest online loans on the market, with the lowest annual interest rate. If the annual interest rate is completely higher, it is still the same as 10,000 yuan for one year, and the interest will be at least 240 yuan more. Generally, only bank loans can provide such low interest rates, but because loan interest rates are mainly differentiated based on the borrower's credit conditions, everyone's interest rate may be different. If borrowers want to obtain relatively low interest rates, it is recommended that they maintain good personal credit, have stable solvency, and establish business relationships with banks as much as possible, and increase their bank balance through large deposits, buying financial products, selling insurance, etc. contribution. The above is the relevant introduction to "How much is the annual interest rate of a loan of 10,000 yuan per year". I hope it will be helpful to everyone.