Annual interest rate of bank loans: At present, the benchmark interest rate of RMB loans is 4.35% for loans within six months (including six months); The annual interest rate of loans from six months to one year (including one year) is 4.35%; The annual interest rate of loans for one to three years (including three years) is 4.75%; The annual interest rate of loans for three to five years (including five years) is 4.75%; The annual interest rate of loans for more than five years is 4.9%. Find the law network to remind everyone that banks make certain adjustments according to the interstate situation of real birds.
2. What's the difference between the annual interest rate and the monthly interest rate of bank loans
The difference between the annual interest rate and the monthly interest rate of bank loans is as follows:
1. Different conversion periods
The monthly interest rate refers to the percentage of the monthly interest and principal, and the annual interest rate refers to the percentage of the annual interest and principal. Generally speaking, the annual interest rate is a few percent (%); And the monthly interest rate is a few thousandths (‰).
2. The monthly interest rate of the loan is different from the annual interest rate
Annual interest rate: refers to the interest rate of the deposit or loan for one year; Annual interest rate ÷12= monthly interest rate. The monthly interest rate in spring refers to the interest rate of deposits or loans for one month; Monthly interest rate ×12= annual interest rate. For example, the annual interest rate is 6%; The interest rate in Na Yue is 6%÷12=5%.
the conversion relationship between monthly interest rate and annual interest rate is: monthly interest rate = annual interest rate /12, and the corresponding annual interest rate can be calculated by monthly interest rate ×12.
3. The interest of the loan is different
Banks can calculate the interest by using the product interest method and the transaction interest method.
III. What does the annual interest rate simple interest of bank loans mean?
The annual interest rate simple interest of bank loans refers to the interest calculated according to the fixed principal, which is a way to calculate interest. The calculation of simple interest depends on the amount (principal) of the loan or loan, the length of the asset's use time and the general annual interest rate level in the sales market.