According to the notice of the central bank:
Central bank loan benchmark interest rate:
(1) Short-term loan: within one year (including one year), and the adjusted interest rate is 4.35.
(2) Medium and long-term loans: the adjusted interest rate is 4.75 for one to five years (including five years); The adjusted interest rate for more than five years is 4.90.
(3) Personal housing provident fund loan: after five years (including five years), the menu adjustment interest rate is 2.75; The adjusted interest rate for more than five years is 3.25.
Agricultural Bank, the interest rate of short-term loans (within six months, including six months) is 4.35%; The loan interest rate for half a year to one year (including one year) is 4.35%. The loan interest rate for one year to three years (including three years) is 4.75%, and the loan interest rate for more than five years is 4.9%.
If it is a provident fund loan, the loan interest rate for less than five years (including five years) is 2.75%; The loan interest rate for more than five years is 3.25%.
The loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when they issue loans. It is mainly divided into three categories: the loan interest rate of the central bank to commercial banks; The loan interest rate of commercial banks to customers; Interbank lending rate
The decisive factors of bank loan interest are:
1, bank cost. Any economic activity needs cost-benefit comparison. There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business.
2. Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest.
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Benchmark lending rate
China People's Bank loan benchmark interest rate: (1) Short-term loans: within one year (including one year), and the adjusted interest rate is 4.35. (2) Medium and long-term loans: the adjusted interest rate is 4.75 for one to five years (including five years); The adjusted interest rate for more than five years is 4.90. (3) Personal housing provident fund loan: the adjusted interest rate is 2.75 for less than five years (including five years); The adjusted interest rate for more than five years is 3.25.
In order to deepen the interest rate marketization reform, improve the interest rate transmission efficiency and reduce the financing cost of the real economy, the People's Bank of China decided to reform and improve the formation mechanism of the quoted interest rate (LP) in the loan market. The relevant matters are hereby announced as follows:
1. Since 2065438+August 20th, 2009, the People's Bank of China has authorized the National Interbank Funding Center to quote the loan market interest rate in Wang Bu at 9: 30 on the 20th of each month (postponed in case of holidays). The public can inquire on the websites of the National Interbank Funding Center and the People's Bank of China.
II. Loan Market Quotation Rate Quotation Banks should quote to the National Interbank Funding Center at the open market operating rate (mainly referring to the medium-term lending convenience rate) before 9: 00 on the 20th of each month (postponed in case of holidays). After removing the highest and lowest quotations, the National Interbank Funding Center calculates the quotation rate of the loan market through arithmetic average.
Third, in order to improve the representativeness of the loan market quotation rate, the types of quotation banks in the loan market quotation rate have increased from the original national banks to city commercial banks, rural commercial banks, foreign banks and private banks, and this time they have been expanded from 10 to 18, and will be evaluated and adjusted regularly in the future.
4. Expand the quoted interest rate of the loan market from the original one-phase variety 1 year to two-phase variety 1 year and more than five years. Loans with a term of 1 and a term of more than five years are priced with reference to the loan market quoted interest rate of the corresponding term, and the loan interest rates with a term of 1 and a term of 1 to five years are independently selected by the Bank.
Five, from now on, banks should mainly refer to the loan market quotation rate pricing in new loans, and adopt the loan market quotation rate as the pricing benchmark in the floating rate loan contract. The existing loan interest rate is still implemented according to the original contract. Banks may not set the implicit lower limit of loan interest rate pricing in any form through cooperative behavior.
Six, the People's Bank of China will guide the market interest rate pricing self-discipline mechanism to strengthen the supervision and management of the loan market quotation rate, evaluate the quotation quality of quotation banks, urge banks to use the loan market quotation rate pricing, and seriously deal with illegal acts that disrupt the market order such as setting the implicit lower limit of loan interest rate by banks. The People's Bank of China incorporated the application of the quoted interest rate and the competitive behavior of the loan interest rate into the macro-prudential assessment (MPA).
Legal basis:
According to Article 26 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, if the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people shall support it, except that the interest rate agreed by both parties exceeds four times the one-year loan market listing rate when the contract is established.
202 1 bank benchmark interest rate
In 20021year, the benchmark interest rate of demand deposits of China People's Bank was 0.35%.
First of all, the benchmark interest rate is divided into deposit interest rate and loan interest rate. 202 1 The benchmark deposit interest rate of the People's Bank of China is divided into demand deposit benchmark interest rate and time deposit benchmark interest rate. Current deposit. In 20021year, the benchmark interest rate of demand deposits of China People's Bank was 0.35%. Time deposit. There are three deposit methods for time deposits: 1, lump-sum deposit and withdrawal; 2. Lump-sum deposit and withdrawal, lump-sum deposit and withdrawal, and deposit and withdrawal interest; 3. Life and work. 1, lump-sum deposit and withdrawal. The benchmark interest rate for three-month lump-sum deposit and withdrawal is1.1%; Half-year benchmark interest rate1.3%; One-year benchmark interest rate1.5%; The benchmark interest rate for two years is 2.1%; The three-year benchmark interest rate is 2.75%. 2. lump-sum deposit and withdrawal, deposit and interest. The one-year benchmark interest rate is1.1%; Three-year benchmark interest rate 1.3%. 3. Life and work. One-time discount at the same grade interest rate within one year.
2 loan interest rates are divided into short-term loans, medium-and long-term loans and provident fund loans. The interest rate of central bank loans is as follows: 1, short-term loans. The six-month (inclusive) loan interest rate is 4.35%; The loan interest rate for six months to one year (including 1 year) is 4.35%. 2. Medium and long-term loans. The loan interest rate for one year to three years (including three years) is 4.75%; The loan interest rate for three to five years (including five years) is 4.75%; The loan interest rate for more than five years is 4.9%. 3. Provident fund loans. The loan interest rate for less than five years (including five years) is 2.75%; The loan interest rate for more than five years is 3.25%.
3. The People's Bank of China lowered one of the most important loan interest rates in China, indicating that the government is promoting the easing policy. First, Bank of China lowered the market quotation rate (LPR) of 1 year loan from 3.85% to 3.8%. 1 year LPR is widely used as the benchmark interest rate for banks to issue loans to customers. The last rate cut was in April 2020, when China was coping with the first round of COVID-19 epidemic. The Bank of China lowered the bank reserve ratio this month and actually injected nearly $200 billion into the financial system. However, last week, the central bank kept the medium-term lending facility (MLF) unchanged at 2.95%. MLF is the interest rate that the central bank lends to banks. Economists and analysts said that China has entered an easing cycle and further interest rate cuts are expected in the first half of next year.
Provident fund mortgage interest rates
The interest rate of provident fund loans refers to the interest rate of individual housing provident fund loans, which is adjusted and announced by the People's Bank of China.
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans. [9] Housing provident fund loans are national policy loans, so the interest rate of housing provident fund loans is lower than that of commercial loans. [5]
Latest interest rate: The People's Bank of China decided to lower the interest rate of the first individual housing provident fund loan from June 1 day, 2022, and adjusted the interest rates for less than five years (including five years) and more than five years to 2.6% and 3. 1% respectively. The second set of personal housing provident fund loan interest rate policy remains unchanged. That is, the interest rates for less than 5 years (including 5 years) and more than 5 years are not less than 3.025% and 3.575% respectively. [8]
Spread out completely
1. The interest rate of provident fund loans is subject to the benchmark interest rate published by the People's Bank of China on 20 15.
2. At present, the benchmark interest rate of provident fund loans is 2.75% for less than five years and 3.25% for more than five years.
3. It generally takes more than one year to apply for provident fund loans.
1. What's the interest rate for the second mortgage of the house?
Let's take the central bank for example. The benchmark interest rate of the Central People's Bank is:
1, short-term loans: within 6 months, the interest rate is 4.35, and the interest rate is 4.35 from 6 months to 1 year (including one year);
2. Medium and long-term loans: one to three years (including three years), with an interest rate of 4.75; The interest rate is 4.75 for three to five years (including five years); The interest rate for more than five years is 4.90;
3. Personal housing provident fund loan: less than five years (inclusive), with interest rate of 2.75; The interest rate for more than five years is 3.25. The interest rate in two mortgage will be adjusted up and down on the basis of the benchmark interest rate according to the qualifications of the applicants.
The interest rate of provident fund loans refers to the interest rate of individual housing provident fund loans, which is adjusted and announced by the People's Bank of China.
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans. [9] Housing provident fund loans are national policy loans, so the interest rate of housing provident fund loans is lower than that of commercial loans. [5]
Latest interest rate: The People's Bank of China decided to lower the interest rate of the first individual housing provident fund loan from June 1 day, 2022, and adjusted the interest rates for less than five years (including five years) and more than five years to 2.6% and 3. 1% respectively. The second set of personal housing provident fund loan interest rate policy remains unchanged. That is, the interest rates for less than 5 years (including 5 years) and more than 5 years are not less than 3.025% and 3.575% respectively. [8]
Spread out completely
1. The interest rate of provident fund loans is subject to the benchmark interest rate published by the People's Bank of China on 20 15.
2. At present, the benchmark interest rate of provident fund loans is 2.75% for less than five years and 3.25% for more than five years.
3. It generally takes more than one year to apply for provident fund loans.
1. What's the interest rate for the second mortgage of the house?
Let's take the central bank for example. The benchmark interest rate of the Central People's Bank is:
1, short-term loans: within 6 months, the interest rate is 4.35, and the interest rate is 4.35 from 6 months to 1 year (including one year);
2. Medium and long-term loans: one to three years (including three years), with an interest rate of 4.75; The interest rate is 4.75 for three to five years (including five years); The interest rate for more than five years is 4.90;
3. Personal housing provident fund loan: less than five years (inclusive), with interest rate of 2.75; The interest rate for more than five years is 3.25. The interest rate in two mortgage will be adjusted up and down on the basis of the benchmark interest rate according to the qualifications of the applicants.
What is the loan interest rate of mortgage now?
1. Short-term loan: the interest rate is 4.35% within six months (including six months) and 4.35% from six months to one year (including one year);
2. Medium and long-term loans: the interest rate for one to five years (including five years) is 4.75%, and the interest rate for more than five years is 4.90%;
3. Provident fund loan: the interest rate for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%.
The above is the current mortgage benchmark interest rate.
Different loan methods have different interest rates, among which the interest rate of provident fund loans will be relatively low. The longer the loan term, the higher the loan interest rate, and all banks will float above the benchmark interest rate of the central bank. In order to help you understand the specific content, let's explain in detail the mortgage interest rates of major banks in 2022.
In 2022, the interest rate of central bank loans will be 4.35% within one year (including one year), 4.75% within one to five years (including five years), and 4.9% for loans over five years. For individual housing provident fund loans, the loan interest rate for five years and below is 2.75%, and the loan interest rate for five years and above is 3.25%.
The average mortgage is more than five years, and most provident fund loans are not enough to support the current total mortgage, so the interest rate of commercial loans is the most representative.
Then, let's look at the floating level of commercial banks.
We can see that the central bank's loan interest rate for more than five years is 4.9%, which has returned to the level of about 20 15.
At present, the major banks in China are Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank, Bank of Communications and Postal Savings Bank. These relatively large bank loan interest rates are based on the benchmark interest rate of the central bank.