The annual interest rate of a bank is the annual interest rate. The calculation formula of one-year term is the sum of principal and interest = principal (1 interest rate).

If the principal is 20000 and the annual interest rate of the bank is 2.0%, the sum of principal and interest =20000( 12%)=20400.

That is interest = 200,000.02 = 400.

Principal and interest = principal interest =20000400=20400

1. interest rate

(Chinese name: interestrate setting unit: central bank, also known as interest rate mbth: interest rate)

Interest rate refers to the ratio of interest amount to loan amount (principal) in a certain period. Interest rate refers to the ratio of the interest amount due in each period to the par value of the borrowed, deposited or borrowed amount (called the total principal). The total interest of the lent or borrowed amount depends on the total principal, interest rate, compound interest frequency and the length of time of lending, deposit or borrowing. Interest rate is a kind of cost that borrowers need to pay for borrowed funds, and it is also the return that lenders get by delaying their own consumption and lending to borrowers. The interest rate is usually calculated as a percentage of one-year interest and principal.

2. Bank interest rate, also known as interest rate, indicates the ratio of interest to principal in a certain period. In most cases, it is expressed as a percentage. Formula: interest rate = interest/principal 100%.

3. Monthly interest rate: interest calculated on a monthly basis. Annual interest rate: the interest calculated on an annual basis.

4. Annual interest rate and its calculation formula: monthly interest rate = annual interest rate/12, annual interest rate = monthly interest rate 1. For example, the annual interest rate is 7.05%, which translates into a monthly interest rate of 7.05%/ 12=5.875%.

5. Failure to repay the bank in time will lead to overdue repayment, bad credit and the formation of black households:

(1) In the national credit information system, there is bad credit and relevant records are left.

(2) The customer needs to bear a high penalty interest.

(3) It is easy to cause legal problems.

Therefore, when the loan to the bank cannot be repaid in time, it must be made up in time and part of the penalty interest paid. Otherwise, bad credit records cannot be cleared. If blacklisted, it will have a serious impact. The blacklist of banks has a bad influence on many things, such as buying a house loan, buying a ticket and running a business.

What's the interest on the bank loan now?

Hello, I'm glad to answer your questions:

The interest rate of one-year loans varies from bank to bank. Take the central bank as an example, the one-year loan interest rate is 4.35%. Based on the loan 1 ten thousand yuan, the annual loan interest is: 1 ten thousand yuan 4.35%=435 yuan.

1. If it is within one year (including one year), the annual interest rate of the loan is 4.35% and the annual interest is 435 yuan.

2. The annual interest rate of loans for one to five years (including five years) is 4.75%, and the annual interest is 475 yuan.

3. For more than five years, the annual interest rate of the loan is 4.90%, and the interest for one year is 490 yuan.

What is the one-year loan interest rate?

The loan interest rates of different banks may be different or the same. Please consult the bank for details.

Take the central bank as an example:

Short-term loan: 6 months (inclusive), with a loan interest rate of 4.35; The loan interest rate for six months to one year (inclusive) is 4.35.

Medium-and long-term loans: the loan interest rate for one year to three years (inclusive) is 4.75; For three to five years, the loan interest rate is 4.75; For more than five years, the loan interest rate is 4.9.

Personal housing provident fund loan: less than five years, the loan interest rate is 2.75; For more than five years, the loan interest rate is 3.25.

China Industrial and Commercial Bank, China Agricultural Bank, China Construction Bank.

The bank's loan interest rate is consistent with that of the central bank.

Legal basis:

People's Republic of China (PRC) Civil Code

Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.

Article 674 The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan period exceeds one year, it shall be paid at the end of each banquet. If the remaining term is less than one year, it shall be paid together with the loan.

Article 675 The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to repay the loan within a reasonable period of time.

Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.

Article 677 Where the borrower repays the loan in advance, unless otherwise agreed by the parties, the interest shall be calculated according to the actual loan period.

Article 678 The borrower may apply to the lender for extension before the repayment period expires. If the lender agrees, it can be extended.

Article 679 A loan contract between natural persons is established when the lender provides the loan.

Article 680 usury is prohibited and the loan interest rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, pure mu market interest rate and other factors; Loans between natural persons are regarded as interest-free.