1. Loan interest rate:

Project annual interest rate (%)

1. Short-term loan within one year (including one year) 4.35

< p>2. Medium and long-term loans for one to five years (including five years) 4.75 for more than five years 4.90

3. Provident fund loan interest rate Annual interest rate % for less than five years (including five years) 2.75 for more than five years 3.25

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According to the regulations of the People's Bank of China, the loan interest rates of various banks are currently free to float. Therefore, the loan interest rates of various banks' loans will be different, and the interest required for the loans will be different

2. Conditions for applying for bank loan business:

1. Natural persons aged 18 to 65 years old;

2. The actual age of the borrower plus the loan application period Should not be over 70 years old;

3. Have a stable career, stable income, and the ability to repay the principal and interest of the loan on time;

4. Have good credit, no bad records, and the loan purpose is legal;

5. Meet other conditions stipulated by the bank.

If you meet the above conditions, you can apply for a loan at a local bank.

Extended information:

Interest calculation of loan interest rate:

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 (‰) ÷ 302. 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 the 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 one by one according to the predetermined interest calculation formula: interest = principal × interest rate 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

< p>At the same time, the bank can choose to calculate interest by converting all interest accrual 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:

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

These three calculation formulas are essentially the same, but since only 360 days are used in a year in interest rate conversion. However, when actually calculating the daily interest rate, a year will be calculated as 365 days, and the result will be slightly biased. Which formula is used to calculate the specific formula? The central bank gives financial institutions the right to choose independently. Therefore, the parties and the financial institution can agree on this in the contract.

Reference source: Baidu Encyclopedia-Loan Interest Rate