The annual interest rate of a bank is the annual interest rate. The calculation formula of one-year term is the sum of principal and interest = principal (1 interest rate).
If the principal is 20000 and the annual interest rate of the bank is 2.0%, the sum of principal and interest = 20000( 12%)= 20400.
That is interest = 200,000.02 = 400.
Principal and interest = principal interest =20000400=20400
1. interest rate
(Chinese name: interest rate setting unit: central bank, also known as interest rate mbth: interest rate)
Interest rate refers to the ratio of the amount of interest to the amount of loan funds (principal) in a certain period of time. Interest rate refers to the ratio of the interest amount due in each period to the par value of the borrowed, deposited or borrowed amount (called the total principal). The total interest of the lent or borrowed amount depends on the total principal, interest rate, compound interest frequency and the length of time of lending, deposit or borrowing. Interest rate is a kind of cost that borrowers need to pay for borrowed funds, and it is also the return that lenders get by delaying consumption and lending to borrowers. The interest rate is usually calculated as a percentage of one-year interest and principal.
2. Bank interest rate, also known as interest rate, indicates the ratio of interest to principal in a certain period. In most cases, it is expressed as a percentage. Formula: interest rate = interest/principal 100%.
3. Monthly interest rate: interest calculated on a monthly basis. Annual interest rate: the interest calculated on an annual basis.
4. Annual interest rate and its calculation formula: monthly interest rate = annual interest rate/12, annual interest rate = monthly interest rate 1. For example, the annual interest rate is 7.05%, which translates into a monthly interest rate of 7.05%/ 12=5.875%.
5. Failure to repay the loan to the bank in time will lead to overdue repayment, bad credit and the formation of illegal households;
(1) In the national credit information system, there are bad credits and relevant records are left.
(2) The customer needs to bear a high penalty interest.
(3) It is easy to cause legal problems.
Therefore, when the loan to the bank fails to be repaid in time, part of the penalty interest must be made up and paid in time. Otherwise, bad credit records cannot be cleared. If you are blacklisted, it will have a serious impact. The blacklist of banks has a bad influence on many things, such as buying a house loan, buying a plane ticket and running a business.
What is the bank loan interest rate in 2022?
_ Latest Loan Market Quotation Rate (lpr) of China People's Bank in 2022:
Updated on September 20, 2022:
On September 20, 2022, the loan market quoted interest rate (LPR) was 1 year, 3.65%, and the loan market quoted interest rate for five years and above was 4.3%.
Note: The above LPR is valid until the next LPR version.
Updated on August 22, 2022:
On August 22, 2022, the loan market quoted interest rate (LPR) was 1 year, 3.65%, and the loan market quoted interest rate for five years and above was 4.3%.
Updated on July 20, 2022:
On July 20, 2022, the loan market quoted interest rate (LPR) was: 1 year, 3.7%, and over five years, 4.45%.
Updated on June 20, 2022:
On June 20, 2022, the loan market quoted interest rate (LPR) was 3.7% for 1 year, and 4.45% for five years or more.
Updated on May 20, 2022:
On May 20, 2022, the loan market quoted interest rate (LPR) was 3.7% for 1 year, and 4.45% for five years or more.
Updated on April 20, 2022:
On April 20, 2022, the loan market quoted interest rate (LPR) was: 65,438+3.7% for 0 years and 4.6% for 5 years or more.
Updated on March 2, 20221day:
On March 2, 20221day, the loan market quoted interest rate (LPR) 1 year was 3.7%, and 5-year or longer was 4.6%.
Updated on February 2, 20221day:
On February 2, 20221day, the loan market quoted interest rate (LPR) 1 year was 3.7%, and 5 years or longer was 4.6%.
20221October 20th, updated 65438:
In 2022 1 October 20th, the loan market quoted interest rate (LPR) was:1year LPR was 3.7%, and the LPR over five years was 4.6%.
What is the annual loan interest rate stipulated by the state?
What is the annual loan interest rate stipulated by the state?
The benchmark interest rate of central bank loans: the annual interest rate of loans within 1 year is 4.35%; /kloc-the annual interest rate of loans between 0 and 5 years is 4.75%; The loan term is more than 5 years and the annual interest rate is 4.9%.
Provident fund loan
The current interest rate of provident fund loans was adjusted and implemented on 20 15, 10124 October. The interest rate of provident fund loans for more than five years is 3.25%, the monthly interest rate is 3.25%/ 12, and the annual interest rate of provident fund loans for less than five years is 2.75%, which is consistent throughout the country.
This type of loan is also suitable for many types of people. Whether you are a civil servant or a stable teacher in a national institution, it is generally easy to apply for a housing provident fund loan as long as your housing provident fund meets the conditions for applying for a loan.
bank credit
However, this loan interest rate is related to the loan purpose, loan nature, loan term, loan policy and different loan banks. The state sets the benchmark interest rate, and banks determine the differential loan interest rate according to various factors, that is, they float up or down on this basis.
What is the one-year loan interest rate?
The loan interest rates of different banks may be different or the same. Please consult the bank for details.
Take the central bank as an example:
Short-term loan: 6 months (inclusive), and the loan interest rate is 4.35; The loan interest rate for half a year to one year (inclusive) is 4.35.
Medium-and long-term loans: the loan interest rate for one year to three years (inclusive) is 4.75; The loan interest rate for three to five years is 4.75; The loan interest rate for more than five years is 4.9.
Personal housing provident fund loan: less than five years, the loan interest rate is 2.75; The loan interest rate for more than five years is 3.25.
Industrial and Commercial Bank of China, Agricultural Bank, China Construction Bank.
The bank's loan interest rate is consistent with that of the central bank.
Legal basis:
People's Republic of China (PRC) Civil Code
Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.
Article 674 The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan period exceeds one year, it shall be paid at the end of each banquet. If the remaining term is less than one year, it shall be paid together with the loan.
Article 675 The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to repay the loan within a reasonable period of time.
Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.
Article 677 Where the borrower prepays the loan, unless otherwise agreed by the parties, the interest shall be calculated according to the actual loan term.
Article 678 The borrower may apply to the lender for extension before the repayment period expires. If the lender agrees, it can be postponed.
Article 679 A loan contract between natural persons is established when the lender provides the loan.
Article 680 It is forbidden to lend at high interest, and the loan interest rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rate of pure mu and other factors; Loans between natural persons are regarded as having no interest.
How to calculate the annual loan interest rate?
If the loan is 65,438+0,000 yuan, by the end of one year, the principal and interest of 65,438+0,654,38+0,000 yuan need to be repaid.
The loan interest is: principal 1 ten thousand yuan × annual interest rate 10%= 1 ten thousand yuan.
If it is two years, it is X 2, if it is five years, it is X 5.
At present, the benchmark annual interest rate of the loan announced by the Bank is: 0-6 months (including 6 months), and the annual interest rate is 4.35%; 6 months-1 year (inclusive), with an annual interest rate of 4.35%; 1-3 years (inclusive), with an annual interest rate of 4.75%; 3-5 years (including 5 years), with an annual interest rate of 4.75%; 5-30 years (including 30 years), with an annual interest rate of 4.90%; The loan interest rate needs to be comprehensively priced in combination with business types, credit status, guarantee methods and other factors.
Banks can use product interest method and transaction interest method to calculate interest:
1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is:
Interest = cumulative interest-bearing product × daily interest rate, where cumulative interest-bearing product = total daily balance.
2. Transaction-by-transaction interest calculation method calculates interest one by one according to the predetermined interest calculation formula: interest = principal × interest rate × loan term.
The calculation formula is as follows:
Average monthly repayment amount = (loan principal × monthly interest rate ×( 1 interest rate) total repayment period) /( 1 interest rate) total repayment period -65438+ However, compared with the average capital method, the initial repayment amount is relatively small.
The average capital repayment method is to allocate the loan principal to each repayment period, and the interest payable in each period is calculated from the time when the principal has never been paid, and the principal amount in each period remains unchanged, and the interest decreases year by year.
The calculation formula is as follows: the amount of repayment of principal and interest in each period = loan principal/repayment times (loan principal-accumulated amount of repaid principal) × number of periods, etc. The overall interest on the repayment of golden hair will be less, but the initial repayment amount will be relatively large.