At present, the annual interest rate of the loan for 1-3 years (including 3 years) announced by the People's Bank of China is 4.75%. According to the benchmark interest rate, with the interest rate unchanged, the repayment method is equal principal and interest, and the total repayment amount is 55,895.64 yuan, and the average capital method repayment amount is 55,807.92 yuan.

If you are going to apply for a loan in China Merchants Bank, the loan interest rate needs to be comprehensively priced in combination with the business type, credit status, guarantee method and other factors you apply for, and can only be determined after approval by the handling outlets.