For example, if someone applies for a bank loan of 100000 yuan, the loan term is 5 years and the loan interest rate is 4.9%, then the total loan interest = 100000 yuan ×4.9%×5 = 24500 yuan.
The specific loan interest rate is obtained by floating on the basis of the current loan benchmark interest rate, as follows:
I. Commercial loans:
The loan interest rate for 1 and 1 year or less (including 1 year) is 4.35%;
2. The loan interest rate for1-5 years (including 5 years) is 4.75%;
The loan interest rate for more than 3.5 years is 4.9%.
Second, provident fund loans:
1 and the loan interest rate for less than 5 years (including 5 years) is 2.75%;
The loan interest rate for more than 2.5 years is 3.25%.