When applying for a personal loan at China Merchants Bank, the actual "loan interest rate" you can apply for is comprehensively priced according to the business type, personal solvency, credit status, guarantee method and other factors, and can only be determined after approval by the handling outlets. If you want to know the current benchmark loan interest rate, please go to the home page of China Merchants Bank and click "Loan Interest Rate" on the right.
2. What is the highest interest rate for bank loans?
According to the data released by the state, there are now more than 60 million people executed in China for breaking promises. In order to reduce the bad debt rate of financial institutions and the number of old borrowers, the state is increasingly monitoring the loan interest rate in the credit market. What is the highest interest on bank loans? As long as it doesn't exceed this number!
What is the highest interest on bank loans? According to the regulations, the upper limit of judicial protection of private lending rate is determined by four times the one-year loan market quotation (LPR) issued by the National Interbank Funding Center authorized by the People's Bank of China on the 20th of each month. In other words, the highest interest on bank loans is 24%. When any financial institution issues loans, the loan interest rate cannot exceed 24% of the lpr interest rate. If it exceeds 24% but does not exceed 36%, although it is not illegal, the borrower can choose not to pay the excess interest, and it is necessary for the borrower to negotiate with the lender for repayment. If the loan interest rate of a financial institution exceeds 36% of the lpr interest rate, and the excess is not protected by law, the borrower may refuse to pay. If the borrower has paid a certain amount of interest before, he can ask the lending institution to return it, and the people also give support. Of course, in 20021year, the loan interest rates of major financial institutions have been greatly reduced. Taking the quoted interest rate of one-year loan market announced on July 20th, 20021as an example, the upper limit of judicial protection of private lending interest rate is greatly reduced compared with the past 24% and 36%. I suggest you don't rush to borrow money before applying for a loan. You can read the details about "interest rate" in the contract in detail. If the borrower finds that the loan interest rate of the loan platform exceeds the national regulations, it is suggested to give up the loan application immediately. The above is the sharing of "what is the highest interest rate for bank loans?" I hope it will help everyone!
3. What is the maximum loan interest stipulated by the state?
The state stipulates that the maximum interest rate of private loans is four times the benchmark interest rate of banks, depending on whether it is a one-year loan. The benchmark interest rate of the People's Bank of China's one-year loan is 6%, so the maximum interest rate of private loans cannot exceed 24%, otherwise it will be high.
7% interest of 500,000 = 5,000,007% = 35,000 yuan, which is one year's interest.
The highest interest rate of personal loans mainly depends on two aspects. The first is what kind of loan the bank you choose has, and the second is the value of your collateral (pledge).
At this stage, all banks are controlling loans because the country has raised the reserve ratio. For example, it is estimated that few banks can do it, and even if they do, the interest rate is relatively high.
In the case of chattel mortgage, the general procedure is to find an appraisal company and multiply your unique appraisal price by a certain proportion to calculate your loan amount.