The loan interest is closely related to the loan interest rate. The benchmark interest rate released by the central bank in 20 17 is: 4.35% within one year, 4.75% within one to five years and 4.90% over five years.
2. Lender qualification
Credit not only affects the possibility of loan, but also affects the level of loan interest. Borrowers with good credit are more likely to apply for low-interest loans, while borrowers with bad credit tend to have higher loan interest.
3 loan amount and loan term.
How much is the loan interest of Agricultural Bank? If the loan amount is high and the loan term is long, the lending institution may appropriately raise the interest rate to reduce the risk; Short-term loans usually have a term of 1-6 months, and the interest is higher than long-term loans.
4. Loan type
Usually, the interest of mortgage loan is slightly lower than that of credit loan. Although this is not absolute, it is true in most cases.
5. Repayment method
The interest rate of agricultural bank loans is also affected by the repayment method. Due to different repayment methods, such as average capital repayment method and average capital repayment method, the loan interest to be paid every month is also different.
Related Q&A: The interest rate of 20 17 loan of China Agricultural Bank is 2.75-4.35. In 20 17, the benchmark annual interest rate of commercial loans announced by the People's Bank of China is 0-6 months (including 6 months), and the annual interest rate of loans is 4.35%; 6 months-1 year (inclusive), and the annual interest rate of the loan is 4.35%; . 1-5 years (inclusive), and the annual interest rate of the loan is 4.75%. 5-30 years (including 30 years), the annual interest rate of the loan is 4.90%. The annual interest rate of individual housing provident fund loans is: 0.5 years or less (including 5 years), and the annual interest rate of loans is 2.75%; The annual interest rate of loans for more than 5 years is 3.25%. "General Rules for Loans" stipulates: (1) Determination of loan interest rate: The lender determines 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 specifies it in the loan contract; (II) Collection of loan interest: Lenders and borrowers shall collect or pay interest on schedule in accordance with the loan contract and relevant interest-bearing provisions of the People's Bank of China. When the loan extension period plus the original term reaches the new interest rate grade, it 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. (3) Loan interest subsidy: According to the national policy, in order to promote the economic development of certain industries and regions, the relevant departments may subsidize the loan interest. Loans subsidized by relevant departments shall be independently examined and issued by the undertaking bank, and strictly managed in accordance with the relevant provisions of the General Rules for Loans. (4) Stop, interest and interest loan: Except as stipulated by the State Council, no unit or individual has the right to decide to stop, interest and interest. The Lender shall, according to the decision of the State Council, specifically handle the cessation, interest reduction and interest-free according to the scope of duties and authority.