Bank loan interest will be comprehensively evaluated according to loan types, credit status, guarantee methods and other factors, and then float on the benchmark interest rate announced by the central bank.
First, the central bank's benchmark interest rate for RMB loans:
Within 1 and 1 year (inclusive), the annual interest rate is 4.35%.
2. 1-5 years (inclusive), with an annual interest rate of 4.75%.
3, more than 5 years, the annual interest rate is 4.9%.
Second, the calculation method of bank loan interest, the average capital repayment method, is based on the average distribution of the total loan principal to each repayment period, and the interest is calculated according to the remaining arrears.
1, monthly payment = (loan principal ÷ repayment months) (loan principal-accumulated repaid principal amount) × monthly interest rate;
2. Monthly repayable principal = loan principal ÷ repayment months;
3. Monthly interest payable = residual principal × monthly interest rate = (loan principal-accumulated principal repayment amount) × monthly interest rate;
4. Decreasing monthly payment = monthly repayable principal × monthly interest rate = loan principal ÷ repayment months × monthly interest rate;
5. Total interest = [(total loans ÷ repayment months × monthly interest rate) total loans ÷ repayment months ×(65438+ 10 monthly interest rate)] ÷ 2 × repayment months-total loans;
6. Monthly interest rate = annual interest rate ÷ 12.
Precautions:
1, the level of bank loan interest is very important, so you should choose the bank loan that suits you according to your own economic strength.
At the same time, you can also calculate the monthly repayment amount when you apply for a loan in the future, so that you can plan the loan amount reasonably according to your own situation.
How to calculate the interest on bank loans?
The calculation of bank loan interest, except for 360 days, is not 365 days: for the convenience of calculation;
There are 12 months every year, and there are only 30 days in a month according to 360 days.
The calculation of bank loan interest, except for 360 days, is not 365 days: for the convenience of calculation; There are 12 months every year, and there are only 30 days in a month according to 360 days.
：
There are two algorithms for bank loan interest: 360 days and 365 days;
The annual interest rate of general loans is converted into daily interest rate according to 360 days; The daily loan interest rate is converted into the annual loan interest rate by 365 days.
Article 3 of the Notice of the People's Bank of China on the Calculation and Settlement of RMB Deposit and Loan Interest stipulates that the daily interest rate shall be calculated at the annual interest rate of /360.
The Notice of the People's Bank of China on Adjusting the Conversion Standard of Daily Interest Rate of Bond Repurchase stipulates: "The daily interest rate shall be uniformly converted by dividing the annual interest rate by 365 days. If it is not divisible, four digits shall be reserved after the decimal point, and the fifth digit shall be rounded off. "
The Standard for People's Handling of Enforcement Cases promulgated by the Supreme People's Executive Board on 20 17 stipulates in Item (3) of Article 161 of the book: "If the non-performance period exceeds 1 year, the interest shall be calculated at the annual rate of the benchmark interest rate for the same period every full year, and the interest shall be calculated at the daily rate of the benchmark interest rate for the remaining period.
The daily interest rate is calculated by dividing the annual interest rate of the benchmark loan interest rate by 365 days. "The two notices of the People's Bank of China have two ways to calculate daily interest, which lies in the way of interest settlement.
In the Notice of the People's Bank of China on the Calculation and Settlement of Interest on RMB Deposits and Loans, the businesses specified in the notice are settled quarterly. In the Notice of the People's Bank of China on Adjusting the Conversion Standard of Interest Rate on Bond Repurchase Day, for the inter-bank bond market, the interest period is calculated according to the actual days of bond repurchase.
What is the difference? According to the quarterly interest settlement method, there are four quarters every year. The quarterly interest rate is calculated by multiplying the monthly interest rate by 3, and the monthly interest rate is calculated by the annual interest rate/12. The interest rate is the same every month and quarter, but we know that the number of days in each quarter is different.
If the daily interest rate is calculated according to the annual interest rate /365, then the monthly interest rates of 28, 29, 30, 3 1 are different, and the interest rates of each quarter are different, which will lead to confusion in interest rate calculation.
After calculating the daily interest rate with an annual interest rate of /360 and the monthly interest rate with an annual interest rate of/12, the interest rate can be guaranteed to be the same every quarter and every month, thus avoiding the confusion visible to the naked eye. However, the method of calculating interest according to the actual number of days does not have the above problems. In order to ensure that the annual interest rate is the same as the daily interest rate, the interest rate is calculated at the annual interest rate of /365.
After comparison, we found it difficult to say whether to divide by 365 or 360. Whether it is correct or not depends on the interest settlement method, and the calculation method that matches the real transaction can be said to be correct. In business execution, interest is calculated on a daily basis, so the daily interest rate is calculated by dividing the annual interest rate by 365.
How to calculate the interest on bank loans?
The interest calculation formula is mainly divided into the following two situations:
I. The interest rate conversion formula for RMB business is (note: general 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
Second, banks can use product interest method and transaction interest method to calculate interest.
1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is:
Interest = cumulative interest-bearing product × daily interest rate, where cumulative interest-bearing product = total daily balance.
2. Transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term, with three details:
If the interest-bearing period is a whole year (month), the interest-bearing formula is:
① Interest = principal × year (month )× year (month) interest rate
If the interest-bearing period is a whole year (month) and days, the interest-bearing formula is:
② Interest = principal × year (month) × year (month) interest rate principal × odd days × daily interest rate.
At the same time, banks can choose to convert all interest-bearing periods into actual days to calculate interest, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar of the current month. The interest-bearing formula is as follows:
③ Interest = principal × actual days × daily interest rate
These three formulas are essentially the same, but because the interest rate conversion is only 360 days a year, when calculating the actual daily interest rate, it will be calculated as 365 days a year, and the result will be slightly biased. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract.
Loan interest refers to the reward that the lender gets from the borrower for issuing monetary funds, and it is also the price that the borrower must pay for using the funds. Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease. There are three factors that determine loan interest: loan amount, loan term and loan interest rate.
Reference link: Baidu Encyclopedia _ Loan Interest
How to calculate loan interest
The calculation method of interest is mainly divided into the following four situations: First, the basic formula for calculating interest. The basic formula for calculating the interest of savings deposits is: interest = principal × deposit period × interest rate; The second is the conversion of interest rate, in which the conversion relationship among annual interest rate, monthly interest rate and daily interest rate is: annual interest rate = monthly interest rate × 12 (month) = daily interest rate ×360 (day); Monthly interest rate = annual interest rate ÷ 12 (month) = daily interest rate ×30 (days); Daily interest rate = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days). In addition, the use of interest rates should be consistent with the deposit term; 3. Calculation formula of value point: 1, the value point of savings deposit is RMB, and no interest is paid for points below RMB; 2. The interest amount shall be calculated to one decimal place and rounded to one decimal place when actually paid; 3. Except for current savings, which are settled on an annual basis and interest can be converted into principal, all other savings deposits, regardless of the duration, are paid with the principal at the time of withdrawal, excluding compound interest; 4. The calculation of the deposit period is in the interest calculation formula: 1, and the calculation of the deposit period adopts the method of counting the head and tail; 2, regardless of the big month, small month, flat month, leap month, every month is calculated as 30 days, and the whole year is calculated as 360 days; 3. The maturity date of all kinds of deposits shall be calculated on an annual and monthly basis. If the account opening date is the missing date of the expiration month, the expiration date should be the last day of the expiration month.
So much for the introduction of interest-bearing rules for bank loans.