At present, the benchmark annual interest rate of loans announced by the People's Bank of China is below 1 year (including 1 year), and the annual interest rate is 4.35%; 1-5 years (inclusive), with an annual interest rate of 4.75%; Annual interest rate over 5 years: 4.90%. If you borrow100000 yuan a year in the credit union, the interest generated is 4350 yuan. If you borrow for more than one year and less than five years, the annual interest will be 4750 yuan.
Since 20654381October 24th, the central bank has lowered the interest rate by 0.25 percentage point and the RRR by 0.5 percentage point. The central bank also announced the liberalization of the floating ceiling of deposit interest rates. However, the relevant person in charge of the central bank stressed that the cancellation of administrative restrictions on interest rate fluctuations does not mean that the central bank will no longer manage interest rates, and interest rate marketization will enter a new stage.
When a credit cooperative handles a mortgage, the loan interest rate will be adjusted according to the local actual situation, which is generally 1. 1 times the benchmark interest rate. Due to the differences in different regions, the loan interest rate is subject to the actual loan interest rate of the credit cooperatives.