Interest rate rises by 65,438+00%: it means that the benchmark interest rate (calculated by the current loan interest rate of 5.94% for five years or more) rises by 0.65,438+0 percentage point, that is, the equivalent principal and interest is 5.94%, 65,438+00% = 6.534% or the average capital conversion rate.
Simple example:
If a man applies for a personal consumption loan business with a term of five years (60 months, depending on the loan term, the corresponding monthly repayment of principal is different), and the loan amount is 500,000 yuan, the bank will calculate the repayment method of equal principal and interest according to the loan policy of giving him interest rate floating 10%:
500000 (loan principal) X6.04% (current annual interest rate) 500000/60 (equal monthly payment) x12 = 30200100008 =130208 yuan/year.
Total for five years 130208X5=65 1040 yuan.
Therefore, different interest rates, such as benchmark interest rate and downward floating interest rate, can be calculated by applying this template.
2. What does it mean that the mortgage interest rate rises 10?
1, the mortgage interest rate in China is not constant all the time, but often changes, in the form of rising interest rates, so we often compare the situation before and after the interest rate increase. 2. What does it mean that the mortgage interest rate rises 10? 3. The mortgage interest rate rises by 10%, that is, it rises by 0. 1 percentage point compared with the benchmark interest rate (calculated by the current loan interest rate of 5.94% for five years or more), that is, 5.94% 5.94% 10% = 6.534. It can be understood that the current loan interest rate is 5.94%, and then the mortgage interest rate rises by 10%, which means that the interest rate for re-applying for a mortgage becomes 6.534%. 4.2065438+On 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. On March 20 17, Beijing 16 Bank cancelled the 10% discount on the first home loan interest rate and adjusted the first home loan interest rate to 9.5%. For more information about the floating mortgage interest rate 10, please visit:/ask/e5dfc91616094343.html? Zd view more content
3. What does it mean that the mortgage interest rate rises 10?
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.
What does it mean for mortgage interest rate to rise 10?
The floating rate of mortgage interest 10% refers to the floating rate of 0. 1 percentage point on the basis of the benchmark interest rate (calculated according to the current loan interest rate of more than five years), that is, 5.94% 5.94%10% = 6.534% equivalent principal and interest or the converted interest rate in the average capital. It can be understood that the current loan interest rate is 5.94%, and then the mortgage interest rate rises by 10%, which means that the interest rate for re-applying for a mortgage becomes 6.534%.
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. On March 20 17, Beijing 16 Bank cancelled the 10% discount on the first home loan interest rate and adjusted the first home loan interest rate to 9.5%.
4. How much bp is the rate increase of10%?
Interest rate increase 10% refers to the increase range, which is a relative quantity. How much bp is an absolute quantity and cannot be simply equated. For example, the benchmark interest rate is 3%. If the interest rate increases by 10%, it becomes 3%( 1 10%)=3.3%, then the interest rate increases by 0.3%, which is 30 bp. Similarly, the benchmark interest rate is 5%, and if it is increased by 10%, it will become 5.5.