Monthly interest rate of 0.75% is converted into annual interest rate of 9%. If the borrower borrows 65,438+00,000 yuan, the monthly interest rate is 0.75%, and only 75% interest is paid every month, and finally only 65,438+00,000 principal is paid, then the annual interest rate is 0.75% 65,438+02 = 9%.

The annual interest rate of bank loans is generally around 6%, and that of some formal lending institutions is around 10%. The annual loan interest rate of 9% should belong to some formal lending institutions, so if you want to get a bank loan, you should plan ahead and be prepared in peacetime.

If you wait for the urgent need of money and then go to the bank for a loan, it will often be very passive. In daily life, you can pay attention to the bank's related text messages and phone calls. If there is a loan interest reduction, you can mark it and remember the application time and loan term. Once you need a loan, you can accurately find the loan product you want.

Don't use the loan often. If the borrower often borrows money for turnover, the bank will think that you are short of money, which will have an impact on the recent application for mortgage. You may raise your mortgage interest rate or even reject your loan application directly.

It is good news when banks call borrowers and invite them to start similar businesses, because such invitations often have preferential opportunities. It may lower the loan interest rate, and it will be much lower. If you need money badly, it's a timely help.

Is it appropriate to borrow 10 thousand yuan a month's interest as 75 yuan?

Loan 1 000 yuan, with monthly interest rate of 0.75% and annual interest rate of 9% in 75 yuan and Na Yue. This interest rate is ok, more cost-effective than those.

Is my car loan interest rate at 7.5% expensive?

It's a little expensive. The normal car loan is about 5%.

Although many commercial banks say that their loan interest rates are based on the benchmark loan interest rate issued by the central bank, in fact, many banks will adjust the benchmark loan interest rate according to their own banking policies and conditions, and different banks have different regulations on car loan interest rates.

Central bank loan benchmark interest rate

Taking CCB and China Merchants Bank as examples, it is understood that the one-year car loan interest rate of CCB is 5.3 1%, and the interest rate for 3-5 years (including 5 years) is 5.4%; The one-year loan interest rate of China Merchants Bank is 5. 1%, and the interest rate for 3-5 years (including 5 years) is 5.5%.

1. Bank car loan: The interest rate of bank car loan is usually between 5%- 12%, and the interest rate of loan for one year is between 3%-6%, which means that the loan is 50,000 yuan, and the interest for one year is about1500-3,000 yuan.

2. Loans from auto finance companies: Loans from finance companies usually have some regular interest-free activities, but a certain handling fee will be charged in auto 4s shops. On the premise of collecting interest, the interest rate is about 8%- 12%. If the loan is 50,000 yuan, the annual interest will be about 4,000-6,000 yuan.

3. The interest rate of credit card installment loan is directly related to the installment number, loan amount and installment interest rate.

Is the monthly loan interest rate 0.75% high?

Generally, the monthly interest rate is 0.75% and the annual interest rate is 9%, which is generally not too high. Borrowers can refer to the bank's interest rate.

The bank suddenly gave a reserve of 65,438+10,000 with a monthly interest rate of 0.75%, but it must be phased. Is it worth it?

As the saying goes, you can't afford to be early without profit, and you can't afford to be greedy without profit. The bank actively recommends the so-called reserve fund and various credit card installments. On the surface, it is caring for everyone and helping everyone solve their urgent needs. In fact, there are routines.

First of all, let's understand why the bank should take the initiative to give you a reserve of 65438+ 10,000 yuan.

As we all know, it is usually difficult to apply for a loan from a bank. In general, banks have very high requirements for applicants. If you have no collateral or your own conditions are average, it is difficult to get money from the bank. Therefore, financing difficulty has always been a big problem that puzzles small and medium-sized enterprises and individual users.

However, in the last two years, many banks seem to recommend various businesses such as petty cash, universal cash and credit card installment, and the amount is not small. Most banks can give them 6,543,800 to 300,000, and customers want to use the money. It's actually quite simple. Just log in to the APP, fill in the relevant information and authorize it. It's simple.

Why is it that the bank that has always been above the bank suddenly recommends all kinds of universal reserve funds to everyone so actively? Is it because the bank has a conscience that it is difficult and expensive for everyone to raise funds, so it takes the initiative to do charity for everyone?

Of course not. The bank is just a commercial organization. Its core purpose is to make a profit, and he does everything that can make money. In recent years, major banks have actively promoted various credit loans such as petty cash and universal cash, in fact, they have taken a fancy to the huge consumer credit market in China.

In recent years, the consumer credit market in China has developed very rapidly, and all major businesses are coveting this cake. At present, including some consumer finance companies, large-scale online platforms are carrying out consumer credit business, such as Alipay loans, and Tencent's micro-loans all belong to this category of consumer credit.

Moreover, judging from the performance of these enterprises, the profits created by the consumer credit market are very considerable and the growth rate is very fast. For example, at present, Ant Financial's annual loan amount is at least 300 billion yuan, which is even larger than the credit scale of many small and medium-sized banks, and Alipay has thus made considerable profits. At present, the profits created by Huabai and Jiebai for Alipay each year have reached tens of billions of yuan.

Therefore, in the face of such a big piece of cake in the consumer credit market, banks will certainly not let it go, and it is impossible to watch other enterprises rob it. Therefore, in the past two years, many banks have also begun to launch various consumer credit. Some banks call these credit reserves, some banks call them universal funds, and some banks directly realize them through credit card installment business.

However, whatever it is called, it is actually a new form. To put it bluntly, it is a kind of consumer credit. In order to seize the consumer credit market, major banks have launched similar consumer credit.

Let's look at the so-called reserve fund of the bank. Is it really that good? Is there a routine in this?

The reserve fund is unsecured and unsecured, and the amount is still relatively high, and the lending speed is also very fast. This seems to be very popular with everyone, but there are still some routines in it, mainly in the following aspects.

First, the real interest rate is much higher than the nominal interest rate.

Although the monthly interest rate of reserve funds introduced by major banks is only about 0.75%, it does not look very high, much lower than that of some online lending institutions or companies, but if converted into real annualized interest rates, their interest rates are actually not low.

For example, the monthly interest rate is 0.75%. On the surface, the actual annualized interest rate is only about 9%, but don't forget that this reserve fund is generally repaid with equal principal and interest, which means that the principal is decreasing every month, but the bank still charges interest according to the initial principal. Therefore, according to the actual utilization rate of funds, the actual interest rate of these reserves is at least 18%.

Second, there is a penalty for prepayment.

The term of reserve funds introduced by many banks is generally between 3 and 24 periods. If you choose a certain period and want to repay in advance within this period, I'm sorry, you have to pay a certain percentage of liquidated damages, which is about 3%~5%.

Some banks are even more ruthless. The monthly interest is deducted directly when lending money, which is similar to the routine of credit card installment business in many banks. Once everyone wants to repay in advance, the interest or handling fee charged in advance will not be refunded.

Therefore, these reserves introduced by major banks actually have certain routines. If you don't need money urgently, I suggest you don't borrow it easily. Of course, if you want to borrow money, these reserves are still better. Although their interest rate is much higher than that of ordinary bank loans, compared with the loan interest rates of some online loans and companies, the interest of these reserves is relatively acceptable.

It's not worth it unless you have a capital demand and the financing cost of other channels is higher.

There will be no pie in the sky, and the bank will not give you money for nothing.

In fact, the interest rate of credit card installment is quite high, including the installment of reserve funds.

First of all, the annualized interest rate is definitely not a simple 0.75% 12=9%, because the general installment is not a simple repayment of principal and interest after maturity, but a monthly repayment of interest and principal. After paying back the principal every month, the interest for the next month has not decreased. What's more, you can't repay in advance, even if you have money in the future, you have to pay it back in this way.

I'll calculate 65438+ ten thousand yuan for you. What is the actual annualized interest rate? Some people may ask why the annualized interest rate should be calculated, because when the bank deposits, it emphasizes to you how high the actual annualized interest rate of the product is, so you can't use a unified standard to refer to how high the actual annualized interest rate is.

0.75% per month, with interest paid every month. 100000 = 750 yuan.

Monthly principal repayment100000/12 = 8333.33 yuan.

1 * * * to be paid: 7508333.33=9086 yuan.

Calculated by internal rate of return, the monthly interest rate is actually about 1.35%.

If you have no idea about the monthly interest rate and think that 1 point per month is acceptable, then I will tell you to multiply it by 12 months, 1. The annualized effective interest rate is1.35%12 =16.2%.

Don't fall into the trap of staging

Why do some people use credit cards? On the one hand, they can't control their own consumption, on the other hand, they have a weak sense of time value of money, and everything is staged. Actually, it's very stressful. The interest rate is 16.2%. It is conceivable that it is difficult for you to find a safe financial management with a return of 10%. Now it is even more difficult for banks to reach 5%. In other words, even if I tell you that you have 16.2% wealth management, do you dare to buy it?

After seeing the credit card installment, I really don't understand its real interest, and I won't calculate the internal rate of return. You can calculate it simply and rudely:

Take the 0.75% as an example. You can use 0.75% 12=9%. At this time, it can be multiplied by 2 to get 18%, and then multiplied by 0.9, 18% 0.9 = 16.2 to basically get the real interest rate. Why multiply by 2?

The interest rate is so high, you should think carefully before choosing.

1. Each bank has a different name for this reserve. Generally, if you have a credit card in the bank, you will basically have such a reserve. I opened a credit card with China CITIC Bank. But it's been useless for a long time. So the amount will not be too high.

2. Generally, the monthly interest or handling fee of this reserve fund is about 0.75%, but it must be paid in installments! That's true.

3. The name used by China CITIC Bank for myself is long-term loan, with a line of148,000 and a monthly interest rate of 0.76% yuan. It can be divided into 12, 24 and 36 periods!

On the surface, the installment interest of this reserve fund is only 0.75%. But this is not the case. You can calculate here, what is the actual interest in this period?

The interest per installment is 1000000.75%=750 yuan.

65,438+000,000 yuan is allocated to the monthly principal of 65,438+000,000/65,438+02 = 8,333.33 yuan.

In fact, the amount to be repaid every month is 8333750=9083.33 yuan!

After the installment, the real interest rate level is above 0.75%. Because the principal of the bank is constantly being recovered. The actual interest rate is above 10%! This is just a trap for installment payment.

5. If it is not necessary, you'd better not use this reserve! Not worth it! I used it myself for a while. I feel too stressed. I haven't used it for years!

What is the monthly loan interest rate of 0.75?

75 yuan.

Monthly interest = monthly interest rate of principal = 100000.75% 1=75 yuan.

(1) monthly interest of 10000 yuan.

= monthly interest rate of principal, month

= 100000.75% 1

=75 yuan

(2) Annual interest 1 ten thousand yuan

= monthly interest rate of principal, month

= 100000.86% 12

= 1032 yuan

Extended data:

Provisions for calculating deposit term

1. When calculating interest, the number of days of deposit is calculated at the beginning, not at the end, that is, from the date of deposit to the day before withdrawal;

2, regardless of leap year, average year, regardless of the size of the month, 360 days a year, 30 days a month;

3. Calculated by year, month and day, the maturity date of various time deposits shall be subject to year, month and day. That is, from the deposit date to the same day of the following year is a pair of years, and the deposit date to the same day of next month is a pair of months;

4. Maturity date of time deposit. For example, if you don't work on legal holidays, you can withdraw one day in advance and calculate interest at maturity. The procedure is the same as that of early withdrawal.

The calculation formula of interest: principal × annual interest rate (percentage) × deposit period.

If the interest tax is X (1-5%)

Total principal and interest = principal interest