1. Calculation of short-term loan interest: The interest of short-term loans shall be calculated according to the legal loan interest rate of the corresponding grade on the signing date of the loan contract. During the loan contract period, in case of interest rate adjustment, interest will not be calculated by stages. The 20th day of the last month of each quarter is the interest settlement date for short-term loans; If the interest is settled on a monthly basis, the 20th of each month is the interest settlement date. The specific interest settlement method is determined by the borrower and the borrower through consultation, and the interest that cannot be paid on time during the loan period is calculated according to the loan contract interest rate.
2. Calculation of medium and long-term loan interest: The medium and long-term loan interest rate is fixed for one year. According to the term stipulated in the loan contract, the loan shall bear interest according to the legal loan interest rate of the corresponding grade on the effective date of the loan contract. One year later, the interest rate for the next year will be determined according to the legal loan interest rate of the corresponding grade at that time. Medium and long-term loans are settled quarterly, and the end of each quarter is the settlement date. Interest that cannot be paid on schedule during the loan period will be compounded quarterly according to the contract interest rate, and will be compounded at the default interest rate after loans overdue.
3. Interest shall be charged in one lump sum at the discount rate determined on the discount date.
4. Loan extension and cumulative term calculation. When the cumulative term reaches the new interest rate term grade, interest will be calculated at the same grade interest rate listed on the extension date from the date of extension; If the new term grade cannot be reached, the interest will be calculated at the original grade interest rate on the extension date.
5. For overdue loans or misappropriation of loans, from the date of overdue or misappropriation of loans, default interest will be charged at the default interest rate until the principal and interest are paid off. In case of adjustment of penalty interest rate, the interest that cannot be paid on schedule during loans overdue or misappropriation period will be compounded quarterly according to the penalty interest rate. Just like overdue misappropriation of loans, we should give priority to them and not do both.
6. When the borrower repays the loan before the expiration date of the loan contract, the lender has the right to charge the borrower interest according to the original loan contract.