? The current interest rate of provident fund loans was adjusted and implemented on 20 18124 October. The interest rate of provident fund loans for more than five years is 3.25%, the monthly interest rate is 3.25%/ 12, and the annual interest rate of provident fund loans for less than five years is 2.75%, which is consistent throughout the country.
? 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 the price that the borrower needs to pay for the money borrowed, and it is also the return that the lender gets by delaying its consumption and lending it to the borrower. The interest rate is usually calculated as a percentage of one-year interest to principal. Generally speaking, interest rates are expressed by annual interest rate, monthly interest rate and daily interest rate. In modern economy, interest rate, as the price of capital, is not only restricted by many factors in economic society, but also has a great influence on the whole economy. Modern economists pay special attention to the relationship between various variables and the balance of the whole economy when studying the decision of interest rate. Interest rate determination theory has also experienced the evolution and development of classical interest rate theory, Keynesian interest rate theory, loanable funds interest rate theory, IS-LM interest rate analysis and contemporary dynamic interest rate model.