What is the interest rate of commercial loans in 217?

In p>217, the benchmark annual interest rate of commercial loans announced by the People's Bank of China is: -6 months (including 6 months), and the annual interest rate of loans is 4.35%; 6 months to 1 year (including 1 year), and the annual interest rate of the loan is 4.35%; .1-5 years (including 5 years), the annual loan interest rate is 4.75%.5-3 years (including 3 years), the annual loan interest rate is 4.9%. The annual interest rate of individual housing provident fund loans is: less than .5 years (including 5 years), and the annual interest rate of loans is 2.75%; The annual interest rate of loans for more than 5 years is 3.25%.

I. Loan interest rate and interest

The General Principles of Loans stipulates:

(1) Determination of loan interest rate: The lender shall determine the interest rate of each loan according to the upper and lower limits of the loan interest rate stipulated by the People's Bank of China, and specify it in the loan contract;

(II) Collection of loan interest: The lender and the borrower shall collect or pay interest on schedule in accordance with the loan contract and the relevant interest-bearing provisions of the People's Bank of China. When the extension period of the loan plus the original term reaches the new interest rate grade, it will be charged at the new term grade interest rate from the date of extension. Default interest is charged for overdue loans according to regulations.

(3) interest subsidy for loans: according to the national policy, in order to promote the economic development of certain industries and regions, the relevant departments can subsidize interest on loans. For the loans subsidized by the relevant departments, the undertaking bank shall independently review and issue them, and strictly manage them according to the relevant provisions of the General Rules for Loans.

(4) loan suspension, interest reduction and interest-free: except as stipulated by the State Council, no unit or individual has the right to decide suspension, interest reduction and interest-free. The Lender shall, according to the decision of the State Council, specifically handle the suspension, interest reduction and interest-free according to the scope of duties and authority.

ii. Calculation method of loan interest

(1) The interest rate conversion formula for RMB business is (note: general deposit and loan):

1. Daily interest rate (/)= annual interest rate (%)÷36= monthly interest rate (‰)÷3

2.

1. Accumulate the account balance daily according to the actual number of days, and calculate the interest by multiplying the accumulated product by the daily interest rate. The interest calculation formula is:

interest = cumulative interest product × daily interest rate, where cumulative interest 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, with three details:

If the interest calculation period is a whole year (month), the interest calculation formula is:

① Interest = principal × years (months) × years (months) interest rate

The interest calculation period has a whole year (months). The interest calculation formula is:

② Interest = principal × years (months) × years (months) interest rate principal × odd days × daily interest rate

At the same time, the bank can choose to convert the interest calculation period into actual days to calculate interest, that is, every year is 365 days (366 days in leap year), and every month is the actual days in the Gregorian calendar of that month. The interest calculation formula is:

③ Interest. For six months to one year, the loan interest rate is 4.35%; For one to three years, the loan interest rate is 4.75%; For three to five years, the loan interest rate is 4.75%; For more than five years, the loan interest rate is 4.9%.

2. Interest rate of provident fund loans in 217: within six months, the interest rate is 2.75%; From six months to one year, the interest rate is 2.75%; For one to three years, the interest rate is 2.75%; For three to five years, the interest rate is 2.75%; For more than five years, the interest rate is 3.25%.

Extended information

Conditions and handling procedures of commercial loans

1. The conditions of commercial loans should meet four points: ① The age of the applicant is 18-65 years old; (2) The applicant should pay more than 3% down payment; (3) The applicant should have a stable job and be able to provide relevant salary certificates; (4) The applicant's credit is good and meets the standards of commercial loans.

2. When the borrower and the developer sign the house purchase contract, they will pay 3% of the house purchase price; Submit the relevant materials to the law firm for review; After receiving the approval of the Legal Opinion, the bank signs a loan contract, a mortgage contract and a guarantee contract with the purchaser.

3. Handle mortgage registration, home insurance and contract notarization according to the data, and lend money. The borrower adopts the equal repayment method to repay the loan. For the outstanding loan principal, the borrower can repay it in one lump sum, and interest will still be charged in the current period of prepayment, and no penalty will be charged.