The bank's short-term loan interest rate is generally 6-8%, especially now that it is liberalized. If it is a big enterprise, you can go further. The loan interest of different companies is different, and there are many influencing factors.
Extended data:
Loan interest refers to the reward that the lender gets from the borrower for issuing monetary funds, and it is also the price that the borrower must pay for using the funds. 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.
Loan interest settlement
Small farmers' loans from rural commercial banks will be repaid with profits. If it is a cross-year loan, the interest must be settled in one lump sum before the end of the year. The interest settlement date is 65438+ February 20th every year.
Except for small-scale farmers' loans, short-term loans (with a term of less than one year, including one year) bear interest according to the legal loan interest rate of the corresponding grade on the signing date of the loan contract. During the loan contract period, in case of interest rate adjustment, interest will not be calculated by installments.
Short-term loans are settled quarterly, and the 20th day of the last month of each quarter is the settlement date; If the interest is settled on a monthly basis, the 20th of each month is the interest settlement date. The specific interest settlement method shall be determined by the borrower and the lender through consultation. Interest that cannot be paid on schedule during the loan period shall be compounded quarterly or monthly according to the loan contract interest rate, and after loans overdue, at the default interest rate. When the last loan is paid off, the profit will be paid off with the principal.
The interest rate of medium and long-term loans (with a term of more than one year) should be fixed at one year. The loan (including all the funds that should be allocated by installments within one year from the effective date of the loan contract) bears interest according to the legal loan interest rate of the corresponding grade on the effective date of the loan contract, and the interest rate for the next year is determined according to the legal loan interest rate of the corresponding grade at that time after each full year (subject to the payment date of the first installment loan). Medium and long-term loans are settled quarterly, and the 20th of the last month of each quarter is the settlement date. The interest that cannot be paid on schedule during the loan period shall be compounded quarterly according to the contract interest rate, and after loans overdue, it shall be compounded at the default interest rate.
How do banks calculate corporate loan interest?
In the first half of 2004, the self-study exam "Bank Accounting" was really the short answer 1.
How do banks calculate corporate loan interest?
Answer: (1) There are two ways to calculate the interest of bank loans to enterprises: regular interest calculation and principal repayment.
(2) Regular interest calculation refers to the calculation of monthly or quarterly interest on the 20th of each month (only applicable to short-term loans) or the 20th of the last month of each quarter on the B-type account page or interest-bearing balance sheet, and the interest is transferred to the next day.
(3) repay the principal and interest one by one. Generally, the interest is calculated on the second account page, and accumulated from the start and end dates on the loan ledger or maturity card, and the loan interest is calculated at the specified interest rate.
How to calculate the interest on corporate loans?
Corporate loans must involve interest, so how to calculate the loan interest? In fact, how to calculate the loan interest is closely related to the repayment method. Below, we will give you a comprehensive introduction to the algorithm of loan interest. Classification includes: one-time repayment of principal and interest, equal repayment of principal and interest, equal repayment of principal and interest, and monthly management fee.
_ One-time repayment of principal and interest at maturity
One-time repayment of principal and interest at maturity means that the borrower does not repay the principal and interest monthly during the loan period, but pays the principal and interest at one time after the loan expires. If the loan term is less than one year (including one year), the principal and interest will be repaid in one lump sum, and the interest will be paid with the principal.
One-time repayment of principal and interest at maturity, where the amount of one-time repayment of principal and interest at maturity = loan principal × [expected annualized interest rate 1 year (%)], where the expected annualized interest rate is equal to the expected annualized interest rate per month multiplied by 12.
_ Interest calculation of equal principal and interest repayment
Matching principal and interest repayment method refers to the borrower's equal repayment of loan principal and interest every month, with a large proportion of interest repayment in the early stage of the loan, a small proportion of principal, and a large proportion of principal repayment in the later stage of the loan. The characteristic of equal principal and interest repayment method is that the principal increases month by month, the interest decreases month by month and the monthly repayment amount remains unchanged.
The calculation formula of monthly repayment amount is as follows: monthly repayment amount: a [I (1I) n]/[(1I) n-1] (Note: A loan principal, I loan month expected annualized interest rate, n loan month) is very complicated to calculate, and users can use a calculator to calculate loan interest.
_ Calculation of interest repaid by average capital
The average capital repayment method means that the borrower repays the principal on average every month and pays off the interest between the last repayment date and the current repayment date.
Calculation formula of equal principal repayment: monthly repayment amount = (loan principal/repayment months) (principal-accumulated amount of repaid principal) × monthly expected annualized interest rate, etc. The calculation of equal principal and interest is very complicated, and users can use calculators to calculate loan interest.
_ Interest calculation of monthly management fee
With the advancement of the expected annualized interest rate marketization, many banks or small loan companies often charge monthly management fees and one-time fees, which is actually charging interest in disguise.
The loan is 654.38 million yuan. If the monthly management fee of a loan product is the fee that the user needs to pay, then it is the total fee = loan principal × monthly management fee × number of months, that is, 100000×× 12=6600 yuan.
The calculation formula of the so-called one-time fee is: loan amount × one-time rate. In short, the calculation of loan interest is not simple, and users need to master some basic knowledge in advance.
How to calculate the loan interest formula
(1) The interest rate conversion formula for RMB business is as follows
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, with three details:
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.
Extended data
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. Supply and demand of loan 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.
1, 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.
2. 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 non-defaulting party according to the contract signed with the parties is called bank penalty interest.
3. loans overdue liquidated damages: the nature is the same as penalty interest, and it is a punitive measure for the defaulting party.