100000_0.38%=380 yuan. If the monthly interest rate is 3.8%, the annual interest rate is100000 _ 0.38% _12 = 380 _12 = 4560 (yuan).
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Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease. There are three factors that determine loan interest: loan amount, loan term and loan interest rate. The interest rate set by the People's Bank of China approved by the State Council and authorized by the State Council is the legal interest rate. The announcement and implementation of the statutory interest rate shall be the responsibility of the head office of the People's Bank of China. The deposit and loan interest rates of the People's Bank of China to commercial banks and other financial institutions are the benchmark interest rates. The benchmark interest rate is determined by the head office of the People's Bank of China. The lender shall make an agreement with the borrower according to the statutory loan interest rate and the floating collusion range stipulated by the People's Bank of China, and specify the interest rate of the specific loan in the loan contract. If the interest period has a whole year (month) and odd days, the interest formula is: ② Interest = principal× year (month )× year (month) interest rate+principal× odd days× daily interest rate. At the same time, banks can choose to convert the interest period into actual days to calculate interest, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar of the current month. The interest-bearing formula is: ③ Interest = principal × actual days × daily interest rate.
It is natural to pay interest on a loan, but you have to pay interest first before applying for a loan. Where did this come from? There are many eye-catching loan advertisements on the Internet, such as "only ID card loans, same-day loans, no mortgage and no guarantee". It is these attractive small advertisements that make people who are in urgent need of funds inadvertently "fall into the trap". Paying back the loan interest first is a common trick of many loan scammers. Formal lending institutions will not require early repayment. In particular, we should be wary of loans from different places and the so-called loan interest payment before lending, which may be irregular loans. When applying for a loan, the applicant must have a sense of self-risk prevention. Sometimes thinking more and calming down will avoid many unnecessary losses.