At present, the People's Bank of China announced that the annual interest rate of loans with a term of more than five years is 4.9%. According to the benchmark interest rate, with the interest rate unchanged, the principal and interest will be repaid in equal amount, and the monthly repayment amount is 1 178 yuan. The repayment amount is decreased month by month by the average capital method.

If you are going to apply for a loan in China Merchants Bank, the loan interest rate needs to be comprehensively priced in combination with the business type, credit status, guarantee method and other factors you apply for, and can only be determined after approval by the handling outlets.