What is the loan interest rate of the People's Bank of China for the same period in 2013?

The loan interest rates of the People's Bank of China for the same period in 2013 are as follows:

1. Within 6 months: the annual interest rate is 5.6%;

2. More than 6 months Within 1 year: the annual interest rate is 6.00%

3. 1-3 years: the annual interest rate is 6.15%;

4. 3-5 years: the annual interest rate is 6.40%;< /p>

5. More than 5 years: the annual interest rate is 6.55%.

Extended information

Interest rates are uniformly stipulated by the central bank and implemented by commercial banks.

How to calculate interest:

Deposit interest = principal interest rate period (note that the interest rates announced by the central bank are based on the year. If it is deposited for half a year or demand, it must be converted into Monthly interest rate and daily interest rate) The calculation of loan interest is more complicated: if it is paid off in one lump sum at the end of the term, it is the same as the calculation of deposit interest above. The calculation of mortgage loan interest is based on the annuity formula to calculate the monthly payment. The calculation formula of the monthly mortgage payment is: A=P{i(1i)^n/[(1i)^n-1]A: Monthly payment P : Total payment amount i: Monthly interest rate (annual interest/12) n: Total number of months of payment (year × 12).