The loan interest rate of individual industrial and commercial households in Dongying Rural Commercial Bank is 5.85% for six months and 6.3 1% for one year.
The loan interest varies according to the duration of the loan.
If the loan time unit is days, the expected annualized interest rate is monthly interest: loan interest = loan principal × loan time (days) × expected annualized interest rate/12. If the loan time unit is days, the expected annualized interest rate is the annual interest rate: loan interest = loan principal × loan time (days) × loan expected annualized interest rate /360.