Although the People's Bank of China currently stipulates that the loan interest rate of commercial banks will no longer be capped, it is also stipulated in China that more than four times the benchmark loan interest rate for the same period is usury and is not protected by law. Therefore, the floating ceiling means that the execution interest rate is not higher than 4 times of the benchmark loan interest rate for the same period, and the floating ratio is not higher than 300% of the benchmark loan interest rate for the same period.

1. From 20 15 and 20 1, the fluctuation range of deposit interest rate of China People's Bank to financial institutions is:

1, and the upper limit of the floating range of deposit interest rate of financial institutions is adjusted to 1.3 times.

Second, the People's Bank of China has stipulated the range in which the loan interest rate of financial institutions will rise:

1, the upper limit of the floating range of loan interest rates of commercial banks and urban credit cooperatives is extended to 1.7 times of the benchmark loan interest rate.

2, rural credit cooperatives to expand to 2 times the benchmark interest rate of loans.

Remarks:

Unless the People's Bank of China adjusts the benchmark interest rate, the bank's loan interest rate will not affect the previously signed loan contract interest rate.

Extended data

Interest on loan to buy a house

Bank loan interest rate: the annual interest rate of interest rate items (%). If you need to estimate some daily interest when making a loan, you can convert it into daily interest rate with annual interest rate /365. Matching principal and interest repayment, matching principal and interest repayment, refers to the equal repayment of loan principal and interest every month within the relevant loan period until the loan is settled. The total amount that buyers have to pay back every month is equal, but the ratio of interest to principal will change every time.

Mortgage interest rate refers to the loan with real estate in the bank, and the interest is paid according to the interest rate stipulated by the bank.

Characteristics of interest rate: The mortgage interest rate is uniformly stipulated by the People's Bank of China. If there is a real estate loan in a bank, the loan should pay interest at the interest rate stipulated by the bank. This interest rate is the mortgage interest rate. 2065438+June 7, 2002, the central bank issued an urgent document to commercial banks, requiring that the lower limit of the floating range of individual housing loan interest rate of commercial banks should still be 0.7 times of the benchmark interest rate.

Commercial banks will implement the new interest rate: from 20 13 10, so that mortgage borrowers can reduce the pressure. But each commercial bank can float within a certain range. The mortgage interest rate in China is not always constant, but often changes. The form is that interest rates have been rising, so we often compare the situation before and after raising interest rates.