The calculation formula of loan annual interest rate: 1. If the interest-bearing period is a whole year (month), the interest-bearing formula is: interest = principal × year (month )× year (month) interest rate 2. If the interest-bearing period is a whole year (month) and less than a few days, the interest-bearing formula is: interest = principal × year (month )× year (month).

：

Is the annual loan interest rate 10% high?

1. The loan interest rates of different institutions will vary greatly. Comparatively speaking, the annual interest rate of banks will be much lower than that of private enterprises. If you borrow money from a bank, the annual interest rate 10% is relatively high. Ordinary banks don't have such a high annual interest rate, even if the loan term is as long as 5 to 10 years, they won't have such a high loan interest rate. Therefore, if you choose to borrow from a bank, and the annual interest rate of the loan reaches 10%, you need customers to think carefully.

2. It is not only banks that can provide loans, but also some companies that specialize in loans. For some companies specializing in loans, it is quite normal that the annual interest rate of loans is around 10%.

3. Customers will choose loans only when the existing funds are relatively tight. Therefore, when choosing loans, it is necessary to have a more detailed understanding of the annual interest rate of loans between different institutions and enterprises.

In short, under the existing normal circumstances, banks with annual loan interest rate of 10% basically do not exist, but for some institutions specializing in loans, this interest rate is really common. Therefore, when choosing a loan, customers need to make a comprehensive consideration before making a decision.

Different interest calculation methods will naturally lead to some changes in the annual interest rate formula. If the interest-bearing period is a whole year (month), the interest-bearing formula is: interest = principal × year (month )× year (month) interest rate; If the interest period has a whole year (month) and a number of days, the interest formula is: interest = principal × year (month )× year (month) interest rate principal × number of days × daily interest rate.

How to calculate the annual interest rate of loan interest?

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.

Extended data:

The loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when they issue loans. There are roughly three categories: the loan interest rate of the central bank to commercial banks; The loan interest rate of commercial banks to customers; Interbank lending rate

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) the supply and demand of borrowing money and 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.