1. If you want to calculate the car loan interest rate, you must first understand the concept of a few cents. In the folk concept, "one point" is converted into a decimal point, which is 0.0 1. "One point" is converted into a decimal point, which is 0.00 1. For monthly interest, one point is 1% and one point is 0. 1%. If you want to ask how much interest the car loan is, you are actually asking what the monthly interest of the car loan is.
2. The calculation method of car loan interest is: loan amount, loan interest rate and loan time. The benchmark annual interest rate of a bank's three-year loan is 4.35%, which generally fluctuates according to the borrower's comprehensive qualification, and the floating range is generally between 10%-36%. Converted, the general annual interest rate of bank car loans is between 4.7% and 5.9%. According to the counterattack of the 4S store, the longer the borrower borrows, the higher the interest rate. General 1 year interest rate is about 3% 3, 2-year interest rate is about 6% 6, and 3-year interest rate is about 9% 1. The installment interest of most 4S shops is generally between 4% and 7%, and the interest of bank car loans will be slightly lower. If the borrower's personal qualifications are good, it is recommended to apply for a loan in the bank as much as possible. In order to attract consumers, many 4S stores will put forward some installment services with 0 down payment, but in fact, such services often have a lot of bundled consumption, which may exceed interest after calculation.
3. The interest of normal car loan is generally between 0.5% and 0.9% per month, which means the monthly interest is between 5% and 9%. The calculation of interest is generally based on the number of months in installments. The car loan interest rate rises according to the national benchmark interest rate. At present, the benchmark interest rate for car loans for one to five years is 4.75%.
4. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats).
How much is the interest on car loan?
The car loan interest rate is not fixed. According to the regulations of the central bank, the benchmark interest rate is implemented for car loans, but financial institutions can float within a certain range of the benchmark interest rate.
The repayment period of most car loans will not exceed 5 years, and the annual interest rate of car loans will not be lower than the national benchmark interest rate. The national benchmark loan interest rate 1-5 years is 4.75%, and the one-year interest rate is 4.35%, so the minimum annual interest rate for general car loans is 4.35%.
The car loan interest rates of various banks are generally as follows:
1: Bank of China: loan term 1 year, loan interest rate of 4%; 2 years, 8%; 3 years, 12%.
2. China Construction Bank: 1-3 years (including 3 years), 5.3 1% years; 3-5 years (inclusive), 5.4% years.
3. Industrial and Commercial Bank of China: within 6 months (including 6 months), the car loan interest rate is 5.60%; The car loan interest rate for 6 months to 1 year (including 1 year) is 6.00%; 1-3 years (including 3 years), 6. 15% years; 3-5 years (including 5 years), 6.40% years; More than 5 years, 6.55% years.
The higher the loan principal, the longer the repayment time and the higher the interest rate, the car loan interest rate is not static. There are many factors that affect the interest rate of car loan. The car loan interest rate is adjusted by the lending institution according to the benchmark interest rate of the central bank. The accurate loan interest rate will also be influenced by personal credit information, the lending institution's own situation and the borrower's own factors.
What is the general interest rate for car loans?
What's the car loan interest rate?
The car loan interest rate is closely related to the loan term. Generally, the interest rate of car loans with shorter term is lower. If the car loan time is long, the car loan interest rate is relatively high. The following are the car loan interest rates:
Within 1.6 months (including 6 months), the annual interest rate of the loan is 5.6%;
2.6 months to 1 year (inclusive), and the annual interest rate of the loan is 5.6%;
3. 1 to 3 years, with an annual interest rate of 6.0%;
For 4.3 to 5 years, the annual loan interest rate is 6.0%, and for more than 5 years, the annual loan interest rate is 6. 15%.
The loan interest rate of car loan is generally between 6.5% and 9.3%. Here are the car loan interest rates of various banks:
Bank of China:
Loan term 1 year, loan interest rate 4%, 2 years 8%, 3 years 12%.
China Construction Bank:
1-3 years (including 3 years), 5.3 1% years, 3-5 years (including 5 years) and 5.4% years.
Industrial and Commercial Bank of China:
The car loan interest rate is 5.60% within 6 months (including 6 months), 6.0% from 6 months to 1 year (including 1 year), 1-3 years (including 3 years), 6. 15% year, 3-5 years.