The loan interest rate for factory fixed assets is 1.5%, and the annual interest rate is 10.08% for less than one year, 10.80% for more than one to three years,1.52% for more than three years and1.52% for more than five years. Regardless of the duration of the technical renovation loan, its annual interest rate is 10.08%. Two, basic construction loans, should be calculated on an annual basis, debt service, excluding compound interest. Technical transformation loans are settled quarterly, and the 20th of each quarter is the quarterly settlement date. Third, the interest rates of capital construction bank loans in thirteen industries, such as energy, transportation, communication and raw materials industries, agriculture and salt industry, determined in the relevant provisions of document No.383 of the State Planning Commission [1989] on adjusting the differential interest rates of capital construction bank loans in some industries, all fell 10%, 20% and 30% on the basis of the adjusted interest rates. The downward range of interest rates is still implemented according to the provisions of the above documents. For loans with differential interest rates, the interest shall be calculated on an annual basis, and the interest shall be paid off with the principal, excluding compound interest. For the interest that has been posted, compound interest is no longer calculated. 4. Special loans for fixed assets of the People's Bank of China (including technical transformation loans and capital construction loans), with an annual interest rate of10.08%; Interest is calculated quarterly, and it is paid with the principal, excluding compound interest. For the interest that has been posted, compound interest is no longer calculated. Five, the original interest rate of fixed assets loans, including fixed assets loans issued by specialized banks and the People's Bank of China, the interest rate on the basis of this adjustment of interest rates, according to the original floating range; For loan projects with preferential interest rate, the original preferential interest rate shall be implemented (see Annex II for main projects). The interest of the above loan is calculated on an annual basis, and the interest is paid with the principal, excluding compound interest. Six, buildings, halls, museums, loans and national restrictions on the development of industries and projects, interest rates are not adjusted, still according to the original interest rate. Capital construction loans are paid annually, and technical transformation loans are paid quarterly. The loan scope of buildings and halls shall be determined by the branches of the People's Bank of China at or above the prefecture level in conjunction with local specialized banks, in accordance with the Provisional Regulations on the Construction and Management of Buildings and Halls (issued in the State Council 1988) and in combination with the actual situation in the region. The scope of technical transformation loans for industries and projects whose development is restricted by the state shall also be determined by the branches of the People's Bank of China at or above the prefecture level in consultation with local specialized banks and in combination with the actual situation in the region. 7. The interest rates of equipment loans for township enterprises and loans for rural small hydropower and thermal power equipment can be mastered by specialized banks: if it is settled quarterly, the interest rate shall be implemented according to the interest rate of technical transformation loans; If the interest is calculated on an annual basis, the interest will be settled with the principal, and the interest rate will be implemented according to the infrastructure loan interest rate, excluding compound interest. Eight, fixed assets loans issued by rural credit cooperatives, the highest interest rate can rise by 50%. Credit cooperatives within 30% as appropriate; If it exceeds 30%, it must be reported to the People's Bank at or above the county level for approval. Nine, where the implementation of the loan project according to the fixed asset loan interest rate, according to the provisions of this notice. Ten, the fixed asset loan interest rate, are not allowed to float upward (except rural credit cooperatives). Eleven, for technical transformation loans, to strengthen the term management. Lenders and borrowers should agree on the loan term according to the actual situation. If the lender cannot repay the loan within the agreed time limit, it shall apply to the bank for extension before the loan expires. After approval, the loan will not raise interest rates. For overdue loans that have not been extended, the bank will charge interest according to the regulations from the maturity date. Twelve, the "notice" from March 21st 1990 onwards.
2. What is the benchmark interest rate for fixed assets loans?
The loan interest rate shall be subject to the provisions of the People's Bank of China. In case of legal interest rate adjustment, if the term is less than 1 year, the contract interest rate will be implemented and interest will not be calculated by installments; If the term exceeds 1 year, the new interest rate will be implemented at the beginning of the following year; The main repayment methods of mortgage are divided into average capital and equal principal and interest, and buyers can choose freely. The principal is to repay the principal and interest every month, first more and then less; Repay the principal and interest on a monthly basis, with the monthly repayment amount unchanged (interest rate adjustment changes).
3. What does fixed interest rate mean?
Fixed interest rate refers to the interest rate that will not be adjusted during the loan period. That is, the interest rate is set when signing the loan contract. No matter how the market interest rate changes during the loan period, the borrower pays interest at a fixed interest rate. Floating interest rate is an interest rate that can be adjusted regularly during the loan period. According to the agreement between the borrower and the lender, it is adjusted according to the market interest rate during the loan period. At present, according to the loan contract, it is generally adjusted according to the change of market interest rate on June 65438+ 10/day. The difference between fixed interest rate and floating interest rate (1) Basic difference: The basic difference between fixed interest rate and floating interest rate lies in whether the interest rate can be adjusted during the loan period. The interest rate determined when the loan relationship is established is the standard, and the interest rate that is not adjusted during the loan period is the fixed interest rate. On the contrary, the interest rate that can be adjusted during the loan period is the floating interest rate. (2) Advantages and disadvantages of fixed interest rate. Fixed interest rate is simple and convenient in accounting, which is convenient for both investment and financing to plan funds. But for long-term borrowers and borrowers, the risk is greater. In terms of financing, the risk of falling interest rate, for financiers with fixed interest rate, if the interest rate falls after the loan relationship is determined, the financing cost will be high. In terms of investment, there is a risk of rising interest rates, because if the interest rate rises after the loan relationship is determined, for investors with fixed interest rates, it means that funds are occupied in low-yield assets. (3) Advantages and disadvantages of floating interest rates. Floating interest rate provides investors and financiers with the possibility of managing interest rate risk, which is more detailed in accounting, but also more complicated and eliminates interest rate risk. Since the 1970s, floating interest rates have been adopted more and more, especially in the lending activities of enterprises, because the fluctuation range and frequency of interest rates around the world have greatly increased. The loan interest rate of enterprises in China is now a floating interest rate method, and the interest rate is approved once a year.
4. How to calculate the interest on the loan for purchasing fixed assets?
Every financial institution has an interest rate.
If it is used to purchase fixed assets, the loan interest shall be treated separately:
1) Before the fixed assets reach the scheduled usable state, all costs contained in the fixed assets shall be met. Borrow: fixed assets loans and bank deposits.
2) After the fixed assets reach the predetermined usable state, the loan interest is included in the current profit and loss. Borrow: finance expense-interest expense loan: