The latest benchmark interest rates for bank loans are respectively 4.35% within one year; 4.75% for one to five years; The loan interest rate for more than five years is 4.9%. The annual interest rate of bank loans is low, but the threshold is high, so now many people will lend on the online lending platform, but this lending platform generally gives the daily interest rate or monthly interest rate. The calculation formula of annual interest rate is: monthly interest rate × 12 months = daily interest rate ×360 days (calculated according to 360 days per year) = annual interest rate.

Calculated at the daily interest rate of 0.05%, the annualized interest rate =0.05%×360 days = 18%. Loan 10000 yuan, annual interest rate 18%× 10000 yuan = 1800 yuan. It is worth noting that the annual interest rate given by most lending platforms is between 14%- 18%. If the annualized interest rate calculated by the online lending platform is not within this range, or even exceeds the national statutory 24% or 36%, it is necessary to pay attention. It belongs to usury, and the interest to be repaid in the end is very high, so even if you are short of money, you can't borrow it on this online loan platform.

1, it is safer to borrow in the following places, first of all, banks: the most common loan channels can be divided into central banks, policy banks, commercial banks, investment banks, the World Bank and so on. Among them, commercial banks have more contacts, such as Industrial and Commercial Bank, Agricultural Bank, Bank of China, China Construction Bank, Bank of Communications and China Merchants Bank. And some private banks, such as Weizhong Bank and E-commerce Bank. In every city,

2. Consumer finance companies: small loan companies established with the approval of the CBRC. Their borrowing funds are their own funds and do not absorb user deposits. This is not the same as a bank. They are non-bank financial institutions, and their loans are relatively formal and safe. But the interest rate is higher and better than that of banks. The next payment is fast and the threshold is low. Regular licensee: Now the loan industry has been standardized a lot. You must hold a general loan license to engage in loan business. Therefore, before applying for a loan, you must carefully check whether you have relevant qualifications, so as to ensure your own safety.

In addition to the above, there are some places where loans can be obtained. Private lending company: As long as it is a formal company with a business license and engages in credit business, the loan process and expenses conform to the state regulations and are protected by law. Compared with banks and financial institutions, the threshold of private lending companies is too low. Users with average personal qualifications can be considered comprehensively.