According to relevant regulations, the loan interest rate of financial institutions cannot exceed the annual interest rate of 36%, which is illegal. The annual interest rate of the loan is less than 24%, which is within the scope of court protection; If the loan interest rate is between 24% and 36%, which belongs to the natural debt area, the court is neutral and the borrower is obliged to repay it. If the annual interest rate is higher than 36% and the borrower has paid more than 36% interest, the borrower has the right to ask the lender to repay the loan.

First, the interest rate is the price that the borrower needs to pay for the money borrowed, and it is also the return that the lender gets by delaying his own consumption and lending it to the borrower. Interest rate refers to the ratio of interest amount to the amount of borrowed funds in a certain period, which is usually calculated as the percentage of one-year interest to principal.

Second, it is the main factor that determines the capital cost of enterprises, and it is also the decisive factor for enterprises to raise funds and invest.

Third, the level of interest rate, the factors that affect interest rate, are mainly the marginal productivity of capital or the relationship between supply and demand of capital. In addition, there is the length of time promised to send money and the degree of risk taken. Interest rate policy is the main means of western macro-monetary policy. In order to intervene in the economy, the government can indirectly adjust the domestic inflation level by changing interest rates.

Fourth, during the depression, lower interest rates, expand the money supply, and stimulate economic development. In the period of inflation, we should raise interest rates, reduce the money supply and curb the vicious development of the economy. So the interest rate has a great influence on our life.

Interest rate is the price that the borrower needs to pay for the money borrowed, and it is also the return that the lender gets by delaying his own consumption and lending it to the borrower. The interest rate is usually calculated by the percentage of one-year interest to the principal.

Sixth, the role of interest rates.

Interest rate is an important tool to adjust monetary policy, and it is also used to control investment, inflation and unemployment rate, thus affecting economic growth.

Interest rate theory

Seven, generally speaking, the interest rate is different according to the term standard of measurement, and the expressions are annual interest rate, monthly interest rate and daily interest rate.

8. In modern economy, interest rate, as the price of capital, is not only restricted by many economic and social factors, but also the change of interest rate has a great influence on the whole economy. Therefore, modern economists pay special attention to the relationship between various variables and the balance of the whole economy when studying the decision of interest rate. Interest rate determination theory has also experienced the evolution and development of classical interest rate theory, Keynesian interest rate theory, loanable funds interest rate theory, IS-LM interest rate analysis and contemporary dynamic interest rate model.

Nine, Keynes believes that savings and investment are two interdependent variables, not two independent variables. In his theory, the money supply is controlled by the central bank and is an exogenous variable without interest rate elasticity. At this time, the demand for money depends on people's psychological "liquidity preference".

X. loanable funds's interest rate theory is the interest rate theory of neoclassical school, which was put forward to revise Keynes's "liquidity preference" interest rate theory. To some extent, loanable funds's interest rate theory can actually be regarded as the synthesis of classical interest rate theory and Keynesian theory.

1 1. Hicks, a famous British economist, and others think that the above theory does not consider the income factor, so it is impossible to determine the interest rate level, so in 1937, an IS-LM model based on the general equilibrium theory is proposed. Thus, a theory that interest rate and income are determined simultaneously under the interaction of savings and investment, money supply and money demand is established.

12. According to this model, the determination of interest rate depends on four factors: savings supply, investment demand, money supply and money demand, and all factors that lead to changes in savings investment and money supply and demand will affect the interest rate level. The characteristic of this theory is general equilibrium analysis.

Thirteen, this theory organically unifies the commodity market equilibrium of classical theory and the money market equilibrium of Keynes theory under a relatively strict theoretical framework.

Fourteen, Marx's interest rate determination theory is an interest rate theory that considers the role of institutional factors in interest rate determination from the perspective of the source and essence of interest. Its theoretical core is that the interest rate is determined by the average profit rate. According to Marx, under the capitalist system, interest is a part of profit and a transformation form of surplus value.

Fifthly, the independence of interests is of positive significance to truly show the dynamic role played by capital users in the process of reproduction. The level of interest rate has a very important influence on the foreign exchange rate, and interest rate is the most important factor affecting the exchange rate. We know that the exchange rate is the relative price between the currencies of two countries. Like the pricing mechanism of other commodities, it is determined by the relationship between supply and demand in the foreign exchange market. Foreign exchange is a financial asset, and people hold it because it can bring capital gains.

Sixteen, when people choose to hold their own currency or foreign borrowed currency, the first consideration is which currency can bring them greater benefits. The yield of each country's currency is first measured by the interest rate in its financial market.

17. If the interest rate of a currency rises, the interest income from holding the currency will increase, attracting investors to buy the currency, so it is beneficial to the currency (the market is promising); If the interest rate falls, the income from holding money will decrease, and the attractiveness of money will weaken. So it can be said that "the interest rate rises and the currency strengthens; Interest rates are falling, soft money. "

18. From an economic point of view, when the foreign exchange market is balanced, the income from holding any two currencies should be equal, that is, Ri=Rj (interest rate parity condition). Here R stands for the rate of return, and I and J stand for the currencies of different countries. If the income from holding two currencies is not equal, there will be arbitrage: buy A foreign exchange and sell B foreign exchange.

Nineteen, this arbitrage, there is no risk. Therefore, once the yields of the two currencies are not equal, the arbitrage mechanism will make the yields of the two currencies equal, that is to say, there is an inherent tendency and trend of interest rate equalization in currencies of different countries, which is the key aspect for interest rate indicators to affect the trend of foreign exchange rates, and it is also the key for us to interpret and grasp interest rate indicators.

Does the state stipulate the highest interest rate for bank loans?

There is no upper limit for the interest rate ceiling released by the state, that is, there is no upper limit for the bank loan interest rate, so there is no upper limit for the loan interest. However, the loan interest rates of urban credit cooperatives and rural credit cooperatives are still subject to the upper limit management, and the maximum floating coefficient is 2.3 times of the benchmark loan interest rate, and the downward fluctuation of the loan interest rate remains unchanged.

According to Article 2 of the Notice on Adjusting Deposit and Loan Interest Rates of Financial Institutions, the floating range of loan interest rates of financial institutions is relaxed, allowing deposit interest rates to float downwards.

1. The loan interest rate of financial institutions (except urban and rural credit cooperatives) is no longer capped. Commercial bank loans and loans managed by policy banks according to commercialization are no longer subject to upper limit management, and the downward fluctuation of loan interest rates remains unchanged. The loan interest rates of urban credit cooperatives and rural credit cooperatives are still subject to the upper limit management, and the highest floating coefficient is 2.3 times of the benchmark loan interest rate, and the downward fluctuation of the loan interest rate remains unchanged. Personal housing loans, preferential loans and loans as otherwise stipulated in the State Council, the interest rate does not rise.

2. Establish a downward floating system of RMB deposit interest rate. Financial institutions take the benchmark interest rate of RMB deposits set by the People's Bank of China as the upper limit, and implement the deposit interest rate downward floating system. That is, the lower limit of RMB deposit interest rate is 0, and the upper limit is the benchmark interest rate of deposits of all grades. Taking the adjusted one-year deposit rate (2.25%) as an example, financial institutions can independently determine the one-year deposit rate within the range of 0-2.25%. The deposit interest rate cannot go up. The scope of the deposit interest rate downward floating system includes RMB deposits of enterprises and institutions absorbed by financial institutions and RMB savings deposits of urban and rural residents.

Extended data:

Determination of loan interest rate in Article 13 of the General Principles of Loans. 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.

Article 14 Calculation and collection of loan interest. Lenders and borrowers shall collect or pay interest on schedule according to the loan contract and relevant interest-bearing provisions of the People's Bank of China. When the loan extension period and the original term reach the new interest rate term grade, the loan interest will be charged at the new term grade interest rate from the date of extension. Penalty interest is charged for overdue loans according to regulations.

What is the upper limit of bank loan interest rate?

Although the People's Bank of China currently stipulates that the loan interest rate of commercial banks will no longer be capped, it is also stipulated in China that more than four times the benchmark loan interest rate for the same period is usury and is not protected by law. Therefore, the floating ceiling means that the execution interest rate is not higher than 4 times of the benchmark loan interest rate for the same period, and the floating ratio is not higher than 300% of the benchmark loan interest rate for the same period.

1. From 20 15 and 20 1, the fluctuation range of deposit interest rate of China People's Bank to financial institutions is:

1, and the upper limit of the floating range of deposit interest rate of financial institutions is adjusted to 1.3 times.

Second, the People's Bank of China has stipulated the range in which the loan interest rate of financial institutions will rise:

1, the upper limit of the floating range of loan interest rates of commercial banks and urban credit cooperatives is extended to 1.7 times of the benchmark loan interest rate.

2, rural credit cooperatives to expand to 2 times the benchmark interest rate of loans.

Remarks:

Unless the People's Bank of China adjusts the benchmark interest rate, the bank's loan interest rate will not affect the previously signed loan contract interest rate.

Extended data

Interest on loan to buy a house

Bank loan interest rate: the annual interest rate of interest rate items (%). If you need to estimate some daily interest when making a loan, you can convert it into daily interest rate with annual interest rate /365. Matching principal and interest repayment, matching principal and interest repayment, refers to the equal repayment of loan principal and interest every month within the relevant loan period until the loan is settled. The total amount that buyers have to pay back every month is equal, but the ratio of interest to principal will change every time.

Mortgage interest rate refers to the loan with real estate in the bank, and the loan should pay interest according to the interest rate stipulated by the bank.

Characteristics of interest rate: The mortgage interest rate is uniformly stipulated by the People's Bank of China. If there is a real estate loan in a bank, the loan should pay interest at the interest rate stipulated by the bank. This interest rate is the mortgage interest rate. 2065438+June 7, 2002, the central bank issued an urgent document to commercial banks, requiring that the lower limit of the floating range of individual housing loan interest rate of commercial banks should still be 0.7 times of the benchmark interest rate.

Commercial banks will implement the new interest rate: from 20 13 10, so that mortgage borrowers can reduce the pressure. But each commercial bank can float within a certain range. The mortgage interest rate in China is not always constant, but often changes. The form is that interest rates have been rising, so we often compare the situation before and after raising interest rates.