Of course, in addition to the loan period, it depends on the loan method. For example, many people now choose provident fund loans when buying a house. Provident fund loans and ordinary commercial loans are completely two concepts, and there are many differences in loan interest rates. There is no doubt that the interest rate of provident fund loans is definitely much lower than that of commercial loans. Usually, the interest rate of provident fund loans is around 2.5%.
When actually handling the loan business, it depends on which bank you are handling the loan, because the loan interest rate of each bank will be more or less different, but the difference is not very big. In the process of handling loans, you can first understand the regulations of various banks, and then choose a bank with higher cost performance to handle related business.
After handling the loan, we can find out the calculation formula of the loan interest rate. Usually, the annual interest rate of a loan is divided by the principal, and then the loan term is removed. At present, the annual loan interest rate of domestic banks is basically based on the benchmark interest rate of the central bank, and there will be some fluctuations on this basis. In real life, in addition to buying a house, there are many times when you need to apply for a loan. For example, you can apply for a loan if you buy a car. There will be some differences in loan interest rates for different loan businesses.