1. The loan interest rate for one year or less is 4.35%.
2./kloc-The loan interest rate from 0 to 5 years (including 5 years) is 4.75%.
3. The loan interest rate for more than five years is 4.90%.
The annualized loan interest rate generally refers to the interest rate calculated on an annual basis.
At present, the calculation formula of annual interest rate is: annual interest rate = interest/principal/term. At present, the annualized interest rate of commercial bank loans generally fluctuates on the basis of the central bank's benchmark interest rate.
The annualized interest rate is the interest rate discounted to the whole year through the inherent rate of return of products. Suppose the yield of a wealth management product is one year, the yield is B, and the annualized interest rate R is the sum of 1 and B, plus the power difference between A and 1, that is, the power of (1)+b minus 1.
Interest is calculated on an annual basis. The annual interest rate is expressed as a percentage of the principal. When the economic development is in the growth stage, the investment opportunities of banks increase, the demand for loanable funds increases and interest rates rise; On the contrary, when the economy is depressed and the society is depressed, the willingness of banks to invest decreases, the demand in loanable funds naturally decreases, and the market interest rate is generally low.