For most borrowers, when applying for a loan, the most important thing is the loan interest rate. Loan interest rates are divided into commercial bank loan interest rates and private loan interest rates. Tell you about these two loan interest rates.
The benchmark interest rate for bank loans is 4.35% within one year, 4.75% for loans from one year to five years (inclusive) and 4.9% for loans over five years. Commercial banks will float according to their own actual conditions, and the floating ratio will be within 20%.
For the online lending platform, the fluctuation of interest rate is relatively large. Generally speaking, the annualized interest rate is within 24%. The following are the interest rates of several well-known lending platforms:
The monthly interest rate of pleasant loans is between 0.78%- 1.89%. In other words, the annual interest rate of the loan is between 9.36% and 22.68%.
The monthly interest rate of the loan is between 0.6%- 1.5%. In other words, the annual interest rate of the loan is between 7.2%- 18%.
The daily interest rate of loans borrowed by ants is generally 0.04%, and the converted annual interest rate is 14.6%.
The monthly loan interest rate of immediate finance is 1.45%, and the converted adult loan interest rate is 17.4%.
What does the annual loan interest rate mean?
The ratio of interest to principal for one year.
The annual interest rate refers to the deposit interest rate for one year. The so-called interest rate is the abbreviation of "interest rate", which refers to the ratio of interest amount to deposit principal or loan principal in a certain period of time.
Usually divided into annual interest rate, monthly interest rate and daily interest rate. The annual interest rate is expressed as a percentage of the principal, the monthly interest rate as a percentage, and the daily interest rate as a percentage.
When the economic development is in the growth stage, the investment opportunities of banks increase, the demand in loanable funds increases and the interest rate rises; On the other hand, when the economy is in a downturn and the society is in a depression, banks' willingness to invest will decrease, so will the demand for loanable funds, and the market interest rate will generally be lower.
How to calculate the annual loan interest rate?
If the loan is 1 000 yuan, by the end of one year, the principal and interest need to be 1 654,38+0,000 yuan.
The loan interest is: principal 10000 yuan × annual interest rate 10%= 1000 yuan.
If it is two years, it is x 2, if it is five years, it is x 5.
At present, the benchmark annual interest rate of the loan announced by the bank is: 0-6 months (including 6 months), and the annual interest rate is 4.35%; 6 months-1 year (inclusive), with an annual interest rate of 4.35%; 1-3 years (including 3 years), with annual interest rate of 4.75%; 3-5 years (including 5 years), with an annual interest rate of 4.75%; 5-30 years (including 30 years), with an annual interest rate of 4.90%; The loan interest rate needs to be comprehensively priced in combination with business types, credit status, guarantee methods and other factors.
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.
The calculation formula is as follows:
Average monthly repayment amount = (loan principal × monthly interest rate ×( 1 interest rate) total repayment period) /( 1 interest rate) total repayment period -65438+ However, compared with the average capital method, the initial repayment amount is relatively small.
The average capital repayment method is to allocate the loan principal to each repayment period, and the interest payable in each period is calculated from the time when the principal has never been paid. The amount of the principal in each period remains unchanged, and the interest decreases step by step.
The calculation formula is as follows: the amount of repayment of principal and interest in each period = loan principal/repayment times (loan principal-accumulated amount of repaid principal) × number of periods, etc. The overall interest rate of Jinmao repayment will be less, but the initial repayment amount is relatively large.