Is the monthly loan interest rate 13 high?

What is the loan interest rate of Ping An Bank?

The loan interest rate of Ping An Bank is floating above the benchmark interest rate of the central bank loan, and it is popular to rise on schedule. The annualized interest rate is 8.2% for the 6th installment, 8.6% for 12 installment, 8.8% for the 24th installment and 9.2% for the 36th installment.

Ping An Bank loan product interest rate reference:

1. Ping An Bank's "New One Loan" personal credit loan, with a monthly interest rate of 0.49% and an annualized interest rate of 5.88%, with a maximum amount of 500,000;

2. The loan amount of Ping An Bank for white-collar workers is 300,000-500,000 yuan, and the loan amount of some customers can be extended to 6,543.8+0,000 yuan. The loan interest rate is 0.5%, and the monthly interest rate per 10,000 yuan is about 50 yuan;

3. The loan interest rate of Ping An Bank's digital loan business license is 0.58%- 1%, the minimum annualized interest rate is 6.96%, the amount is 1-300,000, and the maximum withdrawal amount is110,000;

4. The car loan interest rate of Ping An Bank is about 0.8%- 1.65%, with a maximum amount of 500,000;

5. The corporate tax coupon loan of Ping An Bank is RMB 6,543.8+0,000, with an annualized interest rate of 7%-654.38+02%.

Extended data:

Is Ping An Bank's loan formal?

Ping An Bank is an absolutely formal and reliable bank. Ping An Bank is one of the largest joint-stock commercial banks in China 12. Its scale and financial strength are recognized by the market. Its interest rate and activity norms are also under the jurisdiction of the CBRC, and its business is extensive. Whether it is an institution or an individual, it still recognizes Ping An Bank.

Secondly, according to Rongcheng Trustworthy Platform, Ping An Bank has low requirements for the qualifications of lenders. It can be said that Ping An Bank has the largest loan and the highest approval amount. Generally, the borrower is required to be over 20-55 years old, have full capacity for civil conduct, have a stable job, have a good credit report, have no overdue inquiries, and have no online loans.

Therefore, on the whole, Ping An Bank's popularity and scale strength are there, and the loan business norms and conditions are also there. It is not an unconditional online loan, but it is still relatively formal and reliable on the whole.

Monthly interest 1.5% loan?

A monthly interest 1.5% loan is definitely not!

2065438+September 2005, the Supreme People's Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases came into effect, stipulating that the interest rate agreed by both borrowers and lenders should not exceed 24% per annum, and the people should support lenders in demanding borrowers to pay interest at the agreed interest rate. The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid.

To put it simply, the judicial red line of legal interest rate includes "two limits and three zones":

According to the Regulations, we can take the annual interest rate of 24% as the reference standard, that is to say, the annual interest rate below 24% is not counted, the annual interest rate above 24% is controversial, and the annual interest rate above 36% is counted.

Then calculate the monthly interest rate 1.5% as the annual interest rate 18%. Obviously, even the controversial interest rate has not yet arrived, so it can't be counted. In order to prove this statement more clearly, let's look at a product that everyone is familiar with: ant borrowing.

Ant Lending is a loan business provided by Ant Financial Services. For Alipay users, Ant Financial will give different quotas and interest rates according to their credit information. The daily interest rate ranges from 1.5 to six ten thousandths, and most people's daily interest rate ranges from four ten thousandths to five ten thousandths. Let's take five ten thousandths as an example and borrow 1 0,000 yuan. One day needs 5 yuan money interest, and one month is calculated as 30 days.

If the monthly interest 1.5% loan is included, then ant loan, online merchant loan and WeChat micro-loan are included. But these products are formal credit products and do not belong to. They need to be returned in time after being borrowed, otherwise they will be connected to the central bank's credit information system and affect your credit information.

Of course, although the monthly interest rate of these loans reaches 1.5% and the annual interest rate reaches 18%, in fact, these loans are generally repaid in the form of average capital. With the repayment of the monthly principal, the remaining principal decreases and the corresponding interest decreases. The actual final interest paid is not 65,438+08%, but this is because you have not used this loan all year round. The amount available is getting less and less, and the actual annualized interest rate 18% has not changed, just because the monthly prepayment makes the interest payment less.

To understand what is first, we must first understand three intervals.

The annual interest rate of the first range is below 24%.

The annual interest rate of the second range is 24%-36%.

The annual interest rate in the third range exceeds 36%.

The first range, under the provisions of national laws, the loan interest rate below 24% is protected by the state.

The second section is a gray room, which can be protected by law or not.

The third range belongs to that all interest exceeding this interest rate does not need to be repaid.

Then the monthly interest rate mentioned above is 1.5%, so 12 months is1.5%12 =18%.

Since the annual interest rate is below 24%, this does not belong!

To answer this question, we must first understand these definitions: what is the monthly interest rate 1.5%; What is the interest rate category; What is the repayment method of loan funds with monthly interest 1.5%?

I made a detailed introduction to this in my friend's question and answer before, mainly explaining the specific concepts of "one profit" and "one profit". When borrowing money, you need to know whether the interest is 10%, and whether 10% is annual interest or monthly interest.

"One point" means 10%, and "one centimeter" means 1%.

Many loans will say that it is a penny of interest. In fact, penny interest mainly refers to the calculation method of loan interest. The simple statement of one-point benefit is not accurate. One-point interest should be added with a certain term, such as one-point annual interest, one-point monthly interest and one-point daily interest, which all have different meanings. If the annual interest rate is one minute, borrow 1 ten thousand yuan, which is 10% of the amount to be repaid at the end of the year, that is, 1000 yuan.

The monthly interest rate is 1.5%, which is equivalent to1.5%12 =18%.

As can be seen from the above figure, the interest rate range of more than 36% belongs to the field that is not protected by law, which is what we often say. Converted into a monthly interest rate is what people often say about 3%. From this interest rate range, the monthly interest rate 1.5% belongs to the normal judicial protection zone.

Friends who are familiar with the repayment method of equal principal and interest should know that the actual interest rate of equal principal and interest repayment is nearly twice as high as the nominal publicity interest rate, compared with the repayment method of monthly interest or one-time repayment of principal and interest at maturity.

The main reason is that you have calculated the loan interest at the beginning of the loan and repaid it on average every month, but as time goes by, your loan amount is decreasing, but the interest is calculated in full.

If the monthly interest rate 1.5% and the equal principal and interest are calculated, then the interest rate of this loan is definitely beyond the judicial protection zone.

Does a loan with monthly interest 1.5% count? Obviously not, because the monthly interest rate 1.5% is equivalent to the annualized interest rate1.5%12 =18%, which is far lower than 24% and not more than 36%, so it does not belong to this category.

According to Article 26 of the Supreme People's Court's Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, the people should support the interest rate agreed by both lenders and borrowers as long as it does not exceed 24% per annum. In other words, the lender may require the borrower to pay interest at the agreed interest rate (18%).

In addition, it should be noted that if the annual interest rate agreed by both borrowers and lenders exceeds 36%, the interest agreement in excess will be deemed invalid. If the borrower asks the lender to repay the interest paid at an annual rate of more than 36%, the people will support it.

Then, there is an interest rate range, that is, the annual interest rate is between 24% and 36%. If the annual interest rate agreed by the borrower and the borrower is within this range, the people will not support it, but if the borrower is willing to pay interest, he will not object.

In short, your interest rate this month 1.5% does not belong. Because it usually refers to more than 36%, if you encounter such an annual interest rate, you must deal with it.

First, make it clear what it means. According to the provisions of the Supreme Law on issues related to private lending, the annual interest rate above 36% is unprotected, the annual interest rate below 24% supports the lender, and the interest rate between 24% and 36% does not support either party. If the borrower pays, it pays and cannot be recovered. If the borrower fails to pay, the lender shall not claim.

So what's the annual loan interest rate of monthly interest 1.5%?

This is easy to understand. The annual interest rate is equal to the monthly interest rate multiplied by 12 months to get the annual interest rate, so your annual interest rate is1.5%12 = 18%, which means your annual interest rate is18%.

So is this correct? Not necessarily, if it is a one-time repayment of principal and interest after one year, then this algorithm is correct. If the matching method of principal and interest is wrong, the method of average capital is also wrong.

Suppose your principal is 120000 yuan, your monthly interest/handling fee is 1800 yuan (= 120000 1.5%), and your monthly repayment of principal is 10000 yuan (=1.

Summary: If your repayment method is the first one, then your actual annual interest rate is 18%, which is what you need to repay the lender. Even if you go to court, you will support the lender. If your repayment method is the second one, then your real interest rate is 32%, which does not reach the highest 36%, but the interest between 24% and 32% does not need to be repaid. In fact, there are many repayment methods, but the interest-bearing method is the same, so the principal repaid after death does not need to bear interest. For example, you can repay the principal and interest in one lump sum after one year, because your principal has been used for 12 months, so you can directly get the annual interest rate by dividing the total interest by the principal.

However, for other methods, such as matching principal and interest, your interest is actually decreasing every month because you have already paid part of the principal in the early stage, but some financial institutions are still calculating interest with all the principal, so the actual interest will be high. As for those who cut their hair and pay interest, the interest is even higher.

Be sure to calculate the actual interest before borrowing, and then judge whether your situation can bear such high interest, and then decide whether to borrow.

Live within your means.

Calculate the annualized interest rate according to the monthly interest rate, which is related to the loan term and repayment method.

According to the provisions of the Supreme People's Government on several issues concerning the application of law in the trial of private lending cases, only the interest with an annual interest rate of less than 24% is supported, and the part with an annual interest rate of more than 36% is invalid. So it can be understood that loans with an annual interest rate of more than 36% are.

If the repayment method is equal principal and interest, the nominal interest rate is consistent with the actual annualized interest rate, that is,1.5%12 =18%. From this point of view, the monthly interest 1.5% loan is legal and compliant.

Equal interest, that is, the repayment method with the same principal and interest in each installment. According to this repayment method, there is a big gap between the real interest rate and the nominal interest rate, and it also changes with the term. According to the internal rate of return, the actual interest rate of the matching principal and interest repayment method under different loan terms is as follows:

As can be seen from the above table, the loan with monthly interest rate 1.5% adopts the repayment method of equal interest rate, and the actual monthly interest rate is about 2.5%, and the actual annualized interest rate is about 3 1%. However, this does not exceed the annual interest rate of 36% stipulated by the people, so it does not belong to the category.

In actual business operations, some online lending platforms often withdraw cash flow in advance by cutting interest rates or reducing interest rates, resulting in the real interest rate of loans being much higher than its nominal interest rate, even exceeding the interest rate ceiling set by the Supreme People's Government. Therefore, when making loans, especially online loans, we must pay attention to the costs of various charging items and carefully consider the cost of loans.

What business can make a net profit of 18%?

No, the annual interest rate of various loans of many banks is 18%.

No, only 3%

No, it's just a little higher than the bank interest rate, which belongs to the normal interest rate of private lending.

Is the monthly loan interest rate 0.68 high?

The monthly loan interest rate of 0.68 is not high. 6.8% interest means that the interest rate is 0.68%, generally speaking, it is monthly interest, which does not exceed the prescribed upper limit 15.4%.

Is the monthly loan interest rate 1.65% high?

Whether you are tall or not depends on yourself. How much is the loan? If you borrow 1 10,000 or so, it is not high. Small after all. If you borrow more than 10000, that's high.

There is also a high interest rate for banks and a low interest rate for private individuals.

Credit loan interest rate is low, but mortgage interest rates is high!

The monthly interest on a loan of 50,000 yuan is based on 1.6%. Thank you.

This is a more suitable range for private lending, and you can bear it. It is based on the premise that you think a loan of 50,000 yuan will bring you more interest income in the future. According to the Supreme People's Court's "Opinions on People's Trial of Lending Cases", the interest rate of private lending can be appropriately higher than the bank interest rate, and people everywhere can grasp it according to the actual situation in the region, but the maximum shall not exceed 4 times that of similar bank loans. Beyond this limit, the excess interest will not be protected. \ For disputes arising from interest rates between borrowers and lenders, such as excessively high interest rates, judicial organs can judge the validity of the contract and the rights and obligations of both parties according to the principles of fairness, honesty and credit stipulated in the general principles of civil law and contract law. If an individual or unit borrows credit funds from financial institutions for the purpose of lending, and lends them to others at a high interest rate, and the amount of illegal income is relatively large, it can be punished as the crime of lending at a high interest rate in accordance with the provisions of Article 175 of the Criminal Law. \ \ The following is the bank loan interest rate: \ within half a year (including half a year) 5.60 \ half a year to one year (including 1 year) 6.00 \ one to three years (including three years) 6. 15 \ three to five years (including five years) 6.40 \ five years.

Monthly interest 1.65, with a loan of 34,000 yuan. How much interest do I need to pay? Is this interest rate high?

The monthly interest rate is 1.65%

The annual interest rate 19.8% is a bit expensive.

(1) One-time repayment of principal and interest

interest

= Term of monthly interest rate of principal

=34000 1.65%5 12

= 33,660 yuan

(2) Monthly loan interest rate 1.65%.

The annual interest rate of the loan is 19.8%.

The loan amount is 34,000 yuan.

The loan term is 60 months.