The mortgage interest rate of 4.9% is the benchmark interest rate of the bank for more than five years, and the annual interest of 100 yuan is 4.9 yuan.

2. What does the commercial loan interest rate of 4.9 mean?

4.9 The commercial loan interest rate refers to the annual interest rate.

For example, if you borrow 65,438+10,000 yuan, then your annual interest will be 65,438+10,000 yuan.

What does the loan interest rate of 4.9% mean?

The loan interest rate of 4.9% is the benchmark interest rate for commercial loans stipulated by the People's Bank of China, that is, the annual loan interest 100 yuan, that is, 4.9 yuan. Generally speaking, banks will adjust the benchmark interest rate according to the central bank. For example, a 10% discount on the interest rate that usually appears in mortgage loans is to reduce the interest rate to 4.9%0.9=4.4 1%.

What is the benchmark loan interest rate of 4.9%?

At present, the personal commercial loan for more than five years announced by the People's Bank of China is 4.9%. For example, ordinary mortgages are basically calculated according to this benchmark interest rate. Then the bank will float up and down according to its own needs, such as up 20% and down 10%. For users with personal housing loans, they will be more concerned about the impact of this interest rate on mortgage interest. Obviously, the lower the interest rate, the lower the interest to be repaid. Individuals can actually calculate the monthly repayment amount according to the actual interest rate, but this algorithm is more complicated and will adopt different repayment methods. Generally speaking, when signing a housing loan contract, the bank will clearly list the monthly repayment amount.

4. The benchmark interest rate for commercial loans is 4.9%. What does that mean?

The benchmark interest rate for commercial loans is 4.9%, which means that the benchmark interest rate for commercial loans stipulated by the People's Bank of China is 4.9%. The lending institutions may implement the benchmark interest rate or adjust the interest rate stipulated by the People's Bank of China. Lending institutions will be punished if they fail to calculate and settle interest in accordance with the relevant provisions of the People's Bank of China on interest rate management. The loan interest rate is determined according to Article 13 of the General Rules for Loans. The lender shall determine the interest rate of each loan according to the upper and lower limits of the loan interest rate stipulated by the People's Bank of China, and specify it in the loan contract. Article 14 Calculation and collection of loan interest. Lenders and borrowers shall collect or pay interest on schedule according to the loan contract and relevant interest-bearing provisions of the People's Bank of China. When the loan extension period and the original term reach the new interest rate term grade, the loan interest will be charged at the new term grade interest rate from the date of extension. Penalty interest is charged for overdue loans according to regulations.