Some car loans are 4.5%, with an annual interest rate of 5.4%. The car loan interest rate is generally divided by year. The longer the loan time, the higher the interest rate. Under normal circumstances, among the bank car loan interest rates, the one-year car loan monthly interest rate is generally around 3% 3, and the two-year car loan monthly interest rate is around 6% 6. The monthly interest rate of car loans for more than three years is generally around 9% 1.
This 4.5% car loan interest is relatively low. The calculation formula of car loan interest is: car loan principal * annual interest rate of 4.8%* loan period (year). The annual interest rate of 5.4% is a low loan interest rate. If the borrower is not sure whether his loan interest rate is low, it can be calculated according to the percentage of LPR interest rate.
Every financial institution will set the benchmark loan interest rate according to the LPR interest rate. Banks will increase the LPR interest rate by 65,438+00%, while other financial institutions will increase it by 65,438+05%. After determining the benchmark loan interest rate, the bank will raise the interest rate according to the borrower's personal qualifications, with a maximum of 24%. If it exceeds 15%, it is high, and if it is lower than 15%, it is low.
Auto financing institutions will rise 15%-36% on the basis of the benchmark loan interest rate and the borrower's personal qualifications. If the floating percentage is less than 20%, the interest rate is low; If the floating rate exceeds 20%, it means that the interest rate is high, which means that the borrower's personal qualification is not very good.