Bank loan interest will be comprehensively evaluated according to loan types, credit status, guarantee methods and other factors, and then float on the benchmark interest rate announced by the central bank.

First, the central bank's benchmark interest rate for RMB loans:

Within 1 and 1 year (inclusive), the annual interest rate is 4.35%.

2. 1-5 years (inclusive), with an annual interest rate of 4.75%.

3, more than 5 years, the annual interest rate is 4.9%.

Second, the calculation method of bank loan interest, the average capital repayment method, is based on the average distribution of the total loan principal to each repayment period, and the interest is calculated according to the remaining arrears.

1, monthly payment = (loan principal ÷ repayment months)+(loan principal-accumulated repaid principal amount) × monthly interest rate;

2. Monthly repayable principal = loan principal ÷ repayment months;

3. Monthly interest payable = residual principal × monthly interest rate = (loan principal-accumulated principal repayment amount) × monthly interest rate;

4. Decreasing monthly payment = monthly repayable principal × monthly interest rate = loan principal ÷ repayment months × monthly interest rate;

5. Total interest = [(total loan amount ÷ repayment months+total loan amount × monthly interest rate)+total loan amount ÷ repayment months ×( 1+ monthly interest rate) ]> 2× repayment months-total loan amount;

6. Monthly interest rate = annual interest rate ÷ 12.

Precautions:

1, the level of bank loan interest is very important, so you should choose the bank loan that suits you according to your own economic strength.

At the same time, you can also calculate the monthly repayment amount when you apply for a loan in the future, so that you can plan the loan amount reasonably according to your own situation.