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The loan interest rate is the main basis for the parties to the loan contract to calculate the loan interest, and the loan interest rate clause is the main clause of the loan contract. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China. If the loan interest rate agreed by the parties is higher than the interest rate ceiling set by the People's Bank of China, the excess will be invalid; If the interest rate agreed by the parties is lower than the lower limit stipulated by the People's Bank of China, the lowest interest rate stipulated by the People's Bank of China shall prevail.

At present, the benchmark interest rate for loan execution is based on:

The People's Bank of China has decided to lower the benchmark interest rates of RMB loans and deposits of financial institutions from August 26th, 20 15, so as to further reduce the financing costs of enterprises. Among them, the benchmark interest rate for one-year loans of financial institutions was lowered by 0.25 percentage points to 4.6%; The benchmark interest rate for one-year deposits was lowered by 0.25 percentage point to1.75%; The benchmark interest rates for loans and deposits of other grades and the deposit and loan interest rates for individual housing provident fund shall be adjusted accordingly. At the same time, the floating upper limit of interest rates for time deposits of more than one year (excluding one year) will be liberalized, while the floating upper limit of interest rates for demand deposits and time deposits of less than one year will remain unchanged.

As of September 30th, 20 15, the benchmark interest rate of central bank loans is:

Second, the medium and long-term loan interest rate

Usually, the medium-term loan term is between 1-5 years, and the long-term loan term is more than 5 years. So in terms of interest rate, as of 20 19 65438+29 10, the benchmark interest rate for central bank loans is 1-5 years (including 5 years), and the interest rate is 4.75%, which means that the benchmark interest rate for medium-term loans is 4.75%. The benchmark interest rate for loans over five years is 4.9%, which means that the benchmark interest rate for long-term loans is 4.9%. Therefore, when users make medium and long-term loans, these aspects need to be understood before lending.

Of course, the above interest rate is only the benchmark interest rate given by the central bank, not the actual loan interest rate of commercial banks. The lending rate of commercial banks will fluctuate on the benchmark lending rate of the central bank. At the same time, when the borrower applies for a loan, the bank will also give a certain interest rate discount to the qualified borrower after comprehensive evaluation according to the personal data submitted by the borrower. Therefore, different borrowers may have different interest rates in the same bank.

Loan skills: 1, loan after the central bank reduces RRR. The RRR cut of the central bank refers to lowering the deposit reserve ratio. In this case, the lending scale of commercial banks around the country will increase. Therefore, when making loans, the approval may not be as strict as before. This time is more conducive to our loan.

2. Provide strong financial proof. In the process of loan, the borrower tries to provide strong financial proof. This is not only conducive to the bank's loan approval, but also possible to obtain preferential bank interest rates. Therefore, when submitting loan information, you still need to pay attention to this aspect.

3. Choose the appropriate loan term. The loan term is related to the interest paid at the time of loan and the monthly repayment amount. Therefore, in the process of loan, it is very important to choose the appropriate loan term.

Three, medium and long-term loans can only implement floating interest rates?

Yes, floating interest rates must be adopted after five years.

Even for deposits, if the term exceeds five years, floating interest rates should be adopted. Banks are afraid of trouble and cancel time deposits for more than five years.