How is the interest rate of Bank of China Yinongdai personal agriculture-related loans calculated?

The interest rate of Bank of China Yinongdai's personal agriculture-related loans is based on the National Interbank Funding Center's loan market quotation rate (hereinafter referred to as LPR) of the corresponding period as the reference interest rate, and additions and subtractions are made to the reference interest rate. Points form the applicable interest rate value for this loan. If the loan term is less than or equal to 5 years, the one-year loan market quotation rate announced by the National Interbank Funding Center on the current date will be used; if the loan term is greater than 5 years, the loan market price of more than 5 years announced by the National Interbank Funding Center on the current date will be used. Quoted interest rate.

(Answer time: March 26, 2024)

The above content is for your reference, please refer to the actual business regulations.

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