Legal analysis: If you want to apply for a five-year personal business loan in a bank, the interest rate of the business loan is 4.75%.

Legal basis: Provisions on the Administration of RMB Interest Rate

Twentieth short-term loans (term less than one year, including one year), according to the legal loan interest rate of the corresponding grade on the date of signing the loan contract. During the loan contract period, in case of interest rate adjustment, interest will not be calculated by installments. Short-term loans are settled quarterly, and the 20th day of the last month of each quarter is the settlement date; If the interest is settled on a monthly basis, the 20th of each month is the interest settlement date. The specific interest settlement method shall be determined by the borrower and the lender through consultation. Interest that cannot be paid on schedule during the loan period shall be compounded quarterly or monthly according to the loan contract interest rate, and after loans overdue, at the default interest rate.

What is the national bank loan interest rate?

As of February 20 19, 19, the People's Bank of China stipulated that the benchmark interest rate for short-term loans within one year (including one year) was 4.35%, and that for medium-and long-term loans from one year to five years (including five years) was 4.75%, and that for more than five years was 4.9%. Personal provident fund housing loans for less than five years (including five years) are 2.75% and 3.25% for more than five years.

The interest rate in China is managed by the People's Bank of China. The bank loan interest rate refers to the benchmark interest rate stipulated by the People's Bank of China. The actual contract interest rate can fluctuate within a certain range on the basis of the benchmark interest rate, and the loan interest rates of different banks and different regions will be different.

Extended data

As of February 20 19, the current benchmark interest rate for demand deposits is 0.35%, the interest rate for three-month time deposits is 1. 1%, the interest rate for six-month time deposits is 1.3%, and the interest rate for one-year time deposits is 1.5%.

Taking China Agricultural Bank as an example, the interest rate of 20 19-year fixed deposit of China Agricultural Bank is as follows: three-month interest rate1.43%; The six-month interest rate is:1.69%; The one-year interest rate is:1.95%; The two-year interest rate is 2.73%; The three-year interest rate is: 3.30%; The five-year interest rate is: 3.58%. (As of February 8, 20 19, 19)