What is the loan interest rate in 2017?

The annual loan interest rate announced by the People's Bank of China in 2017 from 0 to 6 months (including June) is 4.35%, from June to 1 year (including 1 year) is 4.35%, 1-5 Years (including 5 years) are 4.75%, and years 5-30 (including 30 years) are 4.90%.

The benchmark interest rate for deposits and loans is the loan guidance interest rate issued by the Central Bank (People's Bank of China) to commercial banks. It is one of the monetary policies used by the Central Bank to regulate the operation of the social economy and financial system.

Commercial banks will formulate a combination of loan interest rates based on this benchmark interest rate. Raising the benchmark interest rate means shrinking credit, reducing social mobility, increasing credit costs, and slowing economic development. vice versa.

According to the official website of the People's Bank of China, starting from October 24, 2015, the current RMB interest rate will be adjusted to: 4.35% within one year (including one year), and 4.75% from one to five years (including five years). , 4.90% for more than five years.

On August 25, 2015, the People's Bank of China decided to lower the benchmark interest rates for RMB loans and deposits of financial institutions starting from August 26, 2015, to further reduce corporate financing costs. Among them, the one-year loan benchmark interest rate of financial institutions was reduced by 0.25 percentage points to 4.6%; the one-year deposit benchmark interest rate was reduced by 0.25 percentage points to 1.75%; other loan and deposit benchmark interest rates, and personal housing provident fund deposit and loan interest rates were adjusted accordingly. At the same time, the upper limit of interest rate fluctuations for time deposits with a maturity of more than one year (excluding one year) will be released, and the upper limit of interest rate fluctuations for current deposits and time deposits with a maturity of less than one year will remain unchanged. Since September 6, 2015, the RMB deposit reserve ratio of financial institutions has been lowered by 0.5 percentage points to maintain reasonable and sufficient liquidity in the banking system and guide steady and moderate growth of money and credit. At the same time, in order to further enhance the ability of financial institutions to support "agriculture, rural areas and farmers" and small and micro enterprises, the reserve ratio of rural financial institutions such as county rural commercial banks, rural cooperative banks, rural credit cooperatives, and village and town banks will be additionally reduced by 0.5 percentage points. The reserve ratio of financial leasing companies and automobile finance companies will be lowered by an additional 3 percentage points to encourage them to play their role in expanding consumption.

On June 27, 2015, the People's Bank of China decided to lower the benchmark interest rates for RMB loans and deposits of financial institutions starting from June 28, 2015, to further reduce corporate financing costs. Among them, the one-year loan benchmark interest rate of financial institutions was reduced by 0.25 percentage points to 4.85%; the one-year deposit benchmark interest rate was reduced by 0.25 percentage points to 2%; other loan and deposit benchmark interest rates, and personal housing provident fund deposit and loan interest rates were adjusted accordingly.

On February 28, 2015, the People's Bank of China announced that it would lower the benchmark interest rates for RMB loans and deposits of financial institutions starting from March 1, 2015. The central bank decided to lower the one-year lending benchmark interest rate of financial institutions by 0.25 percentage points to 5.35%; the one-year deposit benchmark interest rate was lowered by 0.25 percentage points to 2.5%. At the same time, in conjunction with promoting the market-oriented reform of interest rates, the upper limit of the floating range of deposit interest rates of financial institutions will be adjusted from 1.2 times to 1.3 times the benchmark deposit interest rate; the benchmark interest rates of other grades of deposits and loans and the interest rates of individual housing provident fund deposits and loans will be adjusted accordingly.

On November 22, 2014, the People's Bank of China decided to lower the benchmark interest rates for RMB deposits and loans of financial institutions starting from November 22, 2014. Financial institutions within six months (including six months) will be reduced by 0.00 percentage points, six months to one year (including one year) will be reduced by 0.40 percentage points, one to three years (including three years) will be reduced by 0.15 percentage points, and three to five years will be reduced by 0.00 percentage points. (including five years) will be reduced by 0.40 percentage points, and the interest rate for housing provident fund deposits and loans will be reduced by 0.25 percentage points simultaneously.

On June 8, 2012, the People's Bank of China decided to lower the benchmark interest rates for RMB deposits and loans of financial institutions starting from June 8, 2012. The one-year benchmark interest rates for deposits and loans of financial institutions were lowered by 0.25 percentage points respectively, and the interest rates for housing provident fund deposits and loans were also lowered simultaneously.

What is the one-year loan benchmark interest rate in 2017?

In 2017, the benchmark annual interest rate for commercial loans announced by the People's Bank of China is: .0-6 months (including 6 months), and the annual loan interest rate is 4.35%; .6 months-1 year (1 year inclusive), the annual loan interest rate is 4.35%; 1-5 years (5 years inclusive), the loan annual interest rate is 4.75%. 5-30 years (30 years inclusive), the loan annual interest rate is 4.90%. The annual interest rate of personal housing provident fund loans is: .5 years (including 5 years) and below, the annual interest rate of loans is 2.75%; the annual interest rate of loans of more than .5 years is 3.25%.

1. Loan interest rates and interest

The "General Rules for Loans" stipulates:

(1) Determination of loan interest rates: The lender shall follow the provisions of the People's Bank of China The upper and lower limits of the loan interest rate shall be determined for each loan and stated in the loan contract;

(2) Calculation and collection of loan interest: The lender and the borrower shall contact the People's Bank of China in accordance with the loan contract Interest accrual provisions, interest is charged or paid on a regular basis. When the extension period of the loan plus the original period reaches a new interest rate grade, the interest rate of the new term grade will be calculated and charged from the date of extension. Overdue loans will be charged penalty interest in accordance with regulations.

(3) Interest discount on loans: According to national policies, in order to promote the development of certain industries and regional economies, relevant departments can subsidize interest on loans. For loans with interest discounts from relevant departments, the undertaking bank shall independently review and issue them and strictly manage them in accordance with the relevant provisions of the "General Rules for Loans".

(4) Loan interest suspension, interest reduction and interest exemption: Except as stipulated by the State Council, no unit or individual has the right to decide on interest suspension, interest reduction or interest exemption. Lenders shall handle interest suspensions, reductions and exemptions in accordance with the decisions of the State Council and within the scope of their duties and powers.

2. Calculation method of loan interest

(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1. Daily interest rate (0/000)=Annual interest rate (%)÷360=Monthly interest rate (‰)÷30

2. Monthly interest rate (‰)=Annual interest rate (%)÷12

(2) Banks can calculate interest using the cumulative interest calculation method and the transaction-by-transaction interest calculation method.

1. The accumulation interest calculation method is based on the daily accumulated account balance based on the actual number of days, and interest is calculated by multiplying the accumulated accumulation number by the daily interest rate. The interest accrual formula is:

Interest = cumulative interest accrual amount × daily interest rate, where cumulative interest accrual amount = total daily balance.

2. The interest calculation method calculates interest on a case-by-case basis according to the predetermined interest calculation formula: interest = principal × interest rate × loan term. There are three specific methods:

The interest calculation period is the entire Years (months), the interest calculation formula is:

①Interest = principal × number of years (months) × year (months) interest rate

The interest calculation period lasts for a whole year (months) ) If there are fractional days, the interest calculation formula is:

②Interest = principal × number of years (months) × annual (months) interest rate principal × number of fractional days × daily interest rate

At the same time, the bank can choose to calculate interest by converting all interest calculation periods into actual days, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar in that month. The interest calculation formula is:

③ Interest = principal × actual number of days × daily interest rate

What is the central bank’s loan benchmark interest rate in 2017?

The central bank’s lending benchmark interest rate in 2017 will be based on the interest rate adjusted on October 24, 2015. The interest rate within one year (including one year) is 4.35%, the interest rate from one to five years (including five years) is 4.75%, and the interest rate for more than five years is 4.90%. As for the benchmark interest rate of provident fund loans, the interest rate for five years or less (including five years) is 2.75%, and the interest rate for more than five years is 3.25%.

For users, when applying for a mortgage now, LPR is implemented, and the benchmark loan interest rate may be replaced by LPR in the future.

Reference materials:

What is the benchmark loan interest rate of the People's Bank of China in 2017

What is the benchmark loan interest rate of the People's Bank of China in 2017

The current benchmark annual interest rate for loans announced by the People's Bank of China: 0-6 months (including 6 months), the annual interest rate: 4.35%; 6 months-1 year (including 1 year), the annual interest rate: 4.35%; 1-3 years ( 3 years inclusive), the annual interest rate: 4.75%; 3-5 years (including 5 years), the annual interest rate: 4.75%; 5-30 years (including 30 years), the annual interest rate: 4.90%;

If you apply for a loan through our bank, the loan interest rate needs to be comprehensively priced based on the business type, credit status, guarantee method and other factors you apply for, and can only be determined after approval by the branch.

Project annual interest rate %

1. Short-term loans

Within one year (including one year) 4.35

2. Medium- and long-term loans

One to five years (including five years) 4.75

More than five years 4.90

3. Annual interest rate of personal housing provident fund loan %

Five years (inclusive) or less 2.75

More than five years 3.25

In view of the fact that in 2016, the central bank did not issue any interest rate reduction or reserve requirement ratio policies throughout the year, at the beginning of the new year, the central bank’s loans The benchmark interest rate is still as shown in the following table:

List of the People's Bank of China's loan benchmark interest rates in 2017:

Loan interest rate percentage (%) within 6 months 4.356 months - 1 year 4.351 years to 3 years 4.753 years to 5 years 4.755 years and above 4.90 Personal housing provident fund loan interest rate percentage (%) below 5 years 2.755 years and above 3.25

The benchmark loan interest rate in 2017 remains the same as last year, and everyone can repay as usual. In 2017, we will wait and see whether the central bank will introduce new policies.

Please check Bank of China's commercial loan benchmark interest rate on the homepage of the Bank of China's official website, Financial Information, Deposit/Loan Interest Rates, and RMB Loan Benchmark Interest Rate (:bankofchina./fimarkets/lilv/fd32/201510/t20151023_5824975.).

Since 2012, the interest rate was cut for the first time on November 22, 2014. Interest rates were cut three more times in 2015, namely 2015/6/28, 2015/5/11, and 2015/3/1. The base interest rate on February 2, 2015 was the same as that on November 22, 2014.

The annual base rate The interest rate is 4.35%.

From a practical point of view, the basic conditions for a loan are:

First, a resident of mainland China, under the age of 60;

Second, a stable address and Work or business location;

Third, have a stable source of income;

Fourth, have no bad credit record, and the loan cannot be used for stock trading, gambling, etc.;

Fifth, it must have full capacity for civil conduct.

What is the People’s Bank of China’s loan benchmark interest rate in 2014

Loan interest rate (1) Loan interest rate is related to loan purpose, loan nature, loan term, loan policy, different lending banks, etc. . The state stipulates the benchmark interest rate, and each bank determines the differential loan interest rate based on various factors, that is, it floats up or down based on the benchmark interest rate. The current benchmark interest rate was adjusted and implemented on July 7, 2011. The types and annual interest rates are as follows: ① Short-term loans for six months (inclusive) 6.10%; ② Six months to one year (inclusive) 6.56%; ③ One to three years (inclusive) 6.65%; ④ Three to five years (inclusive) 6.90%; ⑤ More than five years 7.05%. (2) Mortgage as an example: Bank loan interest rates are based on a comprehensive evaluation of the loan's credit status. The loan interest rate level is determined based on the credit status, collateral, national policies (whether it is the first home), etc. If all aspects are evaluated well, different banks will The mortgage interest rates implemented vary. In 2011, due to financial constraints and other reasons, some banks implemented first home loan interest rates of 1.1 times or 1.05 times the benchmark interest rate. Starting from February 2012, most banks will adjust the interest rate for first-time home buyers to the benchmark interest rate. In early April, major state-owned banks began to implement preferential interest rates for first home loans. The maximum discount on interest rates of some banks can reach 15% off.

The interest rate after the 15% discount for a term of more than five years is 7.05%0.85=5.9925%

The latest loan interest rate is:

6.15% for a loan of more than five years;

< p> The interest rate for loans less than five years and more than one year is 6.0%;

The interest rate for loans less than one year is 5.6%.

The People's Bank of China is the central bank that does not lend money. After adjustment by general commercial banks, the annual interest rate is 6.15%, and the annual interest rate of the provident fund is 4.25%

The People's Bank of China loan benchmark interest rate in 2014 is shown in the following table:

Various loan units:

Six months 5.60%

One year 6%

One to three years 6.15%

Three to five years 6.40%

< p> 6.55% for more than five years