The current annual interest rate for loans between 5 and 30 years (including 30 years) announced by the People's Bank of China is 4.9%. Calculated based on the benchmark interest rate, if the interest rate remains unchanged, the loan will be repaid in equal amounts of principal and interest. The total interest is 26,395.97 yuan, the monthly repayment amount is 2,028.52 yuan, using the equal principal method, the total interest is 24,990 yuan, the first month repayment amount is 2,302.29 yuan (for reference only), and the monthly repayment amount decreases month by month.

If you plan to apply for a loan at China Merchants Bank, the loan interest rate needs to be comprehensively priced based on the business type you are applying for, credit status, guarantee method and other factors, and can only be determined after approval by the branch.