Take the latest loan interest rate of China Bank in February 20 19 as an example. The loan interest of 1 year 1000 yuan is 430 yuan.

20 19 12 the preferential interest rate for bank loans in China is 4.3%, and the loan interest10000 =10000 * 4.3% = 430 yuan.

Extended data

The bank loan interest rate is determined by the loan contract interest rate of banks and other financial institutions as lenders, and both parties can only determine it through consultation within the upper and lower limits of interest rates stipulated by the People's Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease. There are three factors that determine loan interest: loan amount, loan term and loan interest rate.

The decisive factors of bank loan interest are:

1, bank cost. Any economic activity needs cost-benefit comparison. There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business.

2. Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest.

3. Supply and demand of loan funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa. In addition, the loan interest rate also needs to consider price changes, securities returns, political factors and so on.

China Bank official website-China Bank Basic Loan Interest Rate

Baidu encyclopedia-loan interest

How much is the interest of bank loan, 1 ten thousand yuan?

At present, the interest rate of bank loans within one year (including one year) is 4.35%, and the interest of loans of 65438+ 10000 is:

1. Conventional algorithm: 10000*4.35%=435 yuan, that is, the interest of bank loan 1000 is 435 yuan. However, because banks usually calculate interest according to the repayment method, the interest calculated in the following two ways is more accurate.

2. Matching repayment of principal and interest: the monthly repayment is 853. 10 yuan, the total repayment amount is 10237. 19 yuan, and the total interest is 237.6438+09 yuan.

3. Equal principal repayment: the repayment in the first month is 869.58 yuan, with a monthly decrease of 3.02 yuan. The total repayment is 10235.63 yuan, and the total interest is 235.63 yuan.

At present, the interest rate of 1 year loan stipulated by the People's Bank of China is 6%, but it is not exactly the same among banks and may fluctuate up and down. Take ICBC as an example: on July 6, 20 12, the interest rate of ICBC 1 year loan was 6%.

If the loan is repaid annually, the calculation formula of bank loan interest is: interest = principal × interest rate × loan term 1 annual bank loan interest = 10000×6%× 1=600 (note: the interest rates announced by the central bank are all annualized, with a year as the unit).

At present, the loan interest rates of most domestic banks are floating, and the loan interest rates implemented by commercial banks can fluctuate on the basis of the benchmark interest rate within the floating range allowed by the central bank according to the actual situation of borrowers, so the specific loan interest rates of various banks are not exactly the same. The specific bank loan interest rate is subject to the announcement of the local bank. First, understand the specific bank loan interest rate implemented by your bank, and then use the above-mentioned bank loan interest calculation formula to get the bank loan interest rate.

Loan interest rate: refers to the ratio of interest amount to principal amount during the loan period. The interest rate in China is managed by the People's Bank of China, and the interest rate determined by the People's Bank of China is implemented after being approved by the State Council. The interest rate conversion formula for RMB business is (note: common for deposits and loans).

What is the annual interest on a loan of 10,000 yuan?

Take the loan of 654.38+00000 yuan as an example, the annual interest rate is 5%, and the annual interest is 654.38+00000 * 5% = 500 yuan. One month's interest is10000 * 5%/12 = 41.66 yuan, and one day's interest is10000 * 5%/360 =1.38 yuan. From the interest point of view, the annual interest rate of 5% is very low.

Applying for a loan is a very common thing for contemporary young people. However, before applying for a loan, everyone must consider the interest issue and cancel the loan within their own ability through formal channels.

Interest refers to the reward obtained by the fund owner from lending the fund, which comes from part of the profits formed by the producers using the fund to play their business functions.

Interest is one of the manifestations of the time value of funds. From its formal point of view, it is the reward that the monetary owner gets from the borrower for issuing monetary funds.

As the use price of funds, interest plays a very important role in the operation of market economy, mainly in the following aspects:

Functions that affect enterprise behavior

As the occupation cost of an enterprise, interest directly affects the economic benefits of the enterprise. In order to reduce costs and improve efficiency, enterprises should do everything possible to reduce the amount of funds, and at the same time compare the costs of various financing methods in the process of financing. If the enterprises in the whole society regard saving interest expenses as a common behavior mode, then the efficiency of economic growth will certainly be improved.

Function of influencing residents' asset selection behavior

With the increasing real income level and savings rate of Chinese residents, asset selection behavior has emerged. The increase of financial instruments provides an objective basis for residents' asset selection behavior, and interest income is the main incentive for residents' asset selection behavior. Residents' departments attach importance to interest income and spontaneously produce asset selection behavior, which has an impact on macro-control and micro-foundation reconstruction. Judging from China's current situation, the high savings rate has become a major feature of China's economy, providing a solid financial foundation for the rapid economic growth. The various asset selection behaviors made by residents under the incentive of interest income have contributed to the realization of various macro-controls.

Functions that affect government behavior

Since interest income is closely related to the economic interests of deficit and surplus departments in the whole society, the government can also use it as an important economic lever to regulate economic operation. For example, if the central bank takes measures to lower interest rates, more money will flow to the capital market, and when interest rates increase, funds will flow out of the capital market. If the government raises funds by credit, it can issue treasury bonds at an interest rate higher than the bank's deposit interest rate for the same period, and absorb private monetary funds into the hands of the government for various financial expenditures.

The amount of interest depends on three factors: principal, deposit period and interest rate level.

The calculation formula of interest is: interest = principal x interest rate x deposit term.

What is the annual loan interest rate of 10000?

Interest =10000 *10.8% *1=1080 yuan. The annual interest rate 10.8% generally refers to the loan interest rate. If the loan is one year 10000 yuan, according to the interest calculation formula, the interest is =10000 *10.8% *1=1080 yuan. Such borrowing costs are still high. It is worth mentioning that the annual interest rate can also be converted into daily interest rate or monthly interest rate. Annual interest rate ÷ 12= monthly interest rate; Annual interest rate ÷360 = daily interest rate. 10.8% annual interest rate generally appears on online loans, and bank loans will not give such a high interest rate.

First, the expression of interest rate:

1, the annual interest rate is expressed as percentage, the monthly interest rate is expressed as one thousandth, and the daily interest rate is expressed as one thousandth.

2. The annual interest rate of 6% is written as 6%, that is, the deposit interest rate per thousand yuan is set as one year, and the monthly interest rate of 5% is written as 5‰, that is, the January interest rate per thousand yuan deposit is 5 yuan, and the daily interest rate 1.6 mm is written as 0. 16‰, that is, the daily interest rate per thousand yuan deposit is 1.6 cents.

Second, the provisions of the deposit period:

1. When calculating interest, the number of days of deposit is calculated at the beginning, not at the end, that is, from the date of deposit to the day before withdrawal;

2, regardless of leap year, average year, regardless of the size of the month, 360 days a year, 30 days a month;

3. Calculated by year, month and day, the maturity date of various time deposits shall be subject to year, month and day. That is, from the deposit date to the same day of the following year is a pair of years, and the deposit date to the same day of next month is a pair of months;

4. Maturity date of time deposit. For example, if you don't work on legal holidays, you can withdraw one day in advance and calculate interest at maturity. The procedure is the same as that of early withdrawal.

Annual interest rate refers to the ratio of interest amount to deposit principal or loan principal within one year, which is a fixed value; The annualized interest rate is the reference rate of return. This interest rate is only a theoretical interest rate, not real income data.

1. Annual interest rate refers to the ratio of interest amount to deposit principal or loan principal within one year. It is the fixed value that determines the income and interest of deposits and loans. The annual interest rate refers to the deposit interest rate for one year. The so-called interest rate is the abbreviation of "interest rate", which refers to the ratio of interest amount to deposit principal or loan principal in a certain period of time. Usually divided into annual interest rate, monthly interest rate and daily interest rate. The annual interest rate is expressed as a percentage of the principal, the monthly interest rate as a percentage, and the daily interest rate as a percentage.

2. The annualized interest rate refers to the annualized rate of return converted from the current rate of return. This interest rate is only a theoretical interest rate, not real income data. The annualized interest rate will change in a short time. It can reflect the performance level of products over a period of time.

When users apply for loans online, they must choose a formal platform to avoid borrowing from informal platforms. Generally speaking, the borrowing interest of informal platforms is very high. When applying for a loan online, you can compare the loan interest rates given by different platforms, and then choose the one with low loan interest rate. In this way, you can pay less interest after applying for a loan, which is conducive to subsequent repayment. Loans from formal platforms cannot be overdue, because overdue loans will generate penalty interest and collection. It should be noted that when the loan amount is large, it is best for users to apply for a loan through the bank, because the loan interest rate given by the bank is low. At the same time, users can choose different repayment methods and longer repayment time. However, it takes a long time to apply for a loan through a bank.