The corporate loan interest rate of China People's Bank in 2002 1 year is as follows: 4.35% within 1 year (inclusive); 1-3 years (including 3 years) is 4.75%; 3-5 years (including 5 years) is 4.75%; 5-30 years (including 30 years) is 4.90%.

The actual loan interest rate will fluctuate. Please refer to the actual transaction for details.

The loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when they issue loans.

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.

(3) the supply and demand of borrowing money and funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa.

In addition, the loan interest rate must also consider price changes, securities returns, political factors and so on.

However, some scholars believe that the upper limit of interest rate should be the marginal rate of return of funds.

The factor that restricts the interest rate is regarded as the comparison between the profit growth rate of enterprises after borrowing bank loans and the loan interest rate. As long as the former is not lower than the latter, it is possible for enterprises to borrow money from banks.

Interest calculation

(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1. daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (‰)÷30.

2. Monthly interest rate (‰) = annual interest rate (%)÷ 12

(two) banks can use the product interest method and the transaction interest method to calculate interest.

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

Interest = cumulative interest-bearing product × daily interest rate, where cumulative interest-bearing product = total daily balance.

2. Transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term.

There are three specific:

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

① Interest = principal × year (month )× year (month) interest rate

If the interest-bearing period is a whole year (month) and days, the interest-bearing 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 all interest-bearing periods 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 as follows:

③ Interest = principal × actual days × daily interest rate

These three formulas are essentially the same, but because the interest rate conversion is only 360 days a year. However, when calculating the actual daily interest rate, it will be calculated according to 365 days a year, and the result will be slightly biased. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract.

(3) Compound interest: Compound interest means adding interest at a certain interest rate. According to the regulations of the central bank, if the borrower fails to repay the interest at the time agreed in the contract, it will be charged with compound interest.

(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest paid by the bank to the defaulter according to the contract signed with the parties is called bank penalty interest.

(V) loans overdue liquidated damages: the nature is the same as penalty interest, and the penalty measures for the defaulting party.

Bank loan interest rate for small and micro enterprises

The loan interest rate of small and micro enterprises in banks is about 5. 1% to 5.5%, because according to the loan interest rate of small and micro enterprises in banks on the existing data, their interest rate is about 5% to 1 to 5.5%.

What is the annual interest rate of the company loan?

1. The annual interest rate of corporate loans varies from bank to bank. Under normal circumstances, the interest rate of corporate loans rises according to the benchmark interest rate of the central bank, and the floating rate of each bank is different. The details shall be subject to the audit results.

2. 1. Short-term loans:

3. One year includes one year, and the interest rate is 4.35%;

4. Medium and long-term loans:

5. One to five years inclusive, with an interest rate of 4.75%;

6. The interest rate over five years is 4.90%;

7, 3, provident fund loan interest rate, within five years (including five years) 2.75%;

8, more than five years 3.25%.