Current location - Loan Platform Complete Network - Loan consultation - What does the 2.5% interest rate of the bank mean? What's the percentage of one-point interest rate?
What does the 2.5% interest rate of the bank mean? What's the percentage of one-point interest rate?
1. What does the 2.5% interest rate of the bank mean? What's the percentage of one-point interest rate?

The bank's interest rate of 2.5% represents the annualized rate of return, and the monthly interest rate 1 minute is the monthly interest rate 1%. The annualized rate of return of 2.5% means the interest every ten thousand years = 100002.5%=250 yuan. Monthly 1% interest rate translates into annualized rate of return = 1% 12= 12%, which means interest per ten thousand years =100012. Interest = principal × interest rate× loan time.

Second, the interest of borrowing 25,000 yuan is calculated at a penny, and the interest is more than one year?

There are two opinions about private interest rate 1. One is the monthly interest rate 1, which is equivalent to the annual interest rate 12% and the other is the annual interest rate 10%.

Borrowing 25,000 yuan is calculated as 1, and the annual interest of/kloc-0 is 2,500 yuan or 3,000 yuan. It depends on whether your specific agreement is 10% or 12%.

Third, the loan interest of 25,000 yuan is 1 cent. How much is the interest for one year?

If you apply for a loan through our bank, the minimum housing loan is generally 50,000 yuan. What is your loan type? If you try to calculate the interest, you can try to calculate it through our loan calculator. Log in to the lower right of China Merchants Bank official website and find the "Financial Calculator"-"Personal Loan Calculator" for calculation. (You can view information such as monthly payment, monthly principal, monthly interest, principal balance, total interest and total repayment).