Which bank has low interest on loans?
The amount of bank loan interest is directly affected by the loan interest rate. In China, the RMB loan interest rate of financial institutions announced by the People's Bank of China is the benchmark loan interest rate, also known as the legal loan interest rate. The benchmark interest rate for loans issued by the central bank on 20 17 is: the bank's loan interest rate for one year (inclusive), one year to five years (inclusive) and more than five years can rise or fall within the scope specified by the People's Bank of China on the basis of the benchmark interest rate. The loan interest rates of different banks and different loan products are also different, and the corresponding loan interest is also different, which is specifically affected by the following factors:
1, loan type
Which bank has the lowest loan interest? Usually, the loan interest of mortgage loans will be slightly lower than that of credit loans. Although this is not absolute, it is true in most cases.
2. The loan amount and duration
If the loan amount is high and the loan term is long, the lending institution can consider whether the funds can be recovered smoothly. In order to reduce the risk, the interest rate may be raised appropriately, and the corresponding interest will also be raised.
3. Personal qualifications
The applicant's credit status is an important factor in determining the level of interest. No matter what kind of loans, lending institutions will require applicants to provide personal credit reports. Whether personal credit is good or not and whether there are outstanding debts will be reflected in the report.
4. Repayment method
Which bank has the lowest loan interest? Due to different repayment methods, such as average capital repayment method and average capital repayment method, the monthly loan interest is different.
In view of which bank has the lowest loan interest, it is necessary to make a judgment according to the bank loan policy. After determining the loan type, you should go to several banks for consultation, and get the best choice according to the comparative analysis of these factors mentioned in the article. The advantage of field trip is that you can also meet some preferential policies.