At present, the annual interest rate of bank loans is as follows: within half a year (including half a year), 4.85% for loans from half a year to one year (including 1 year), 4.85% for loans from one year to three years (including three years), 5.25% for loans from three years to five years (including five years), 5.25% for loans over five years and 5.40% for years. Matching principal and interest repayment method The monthly repayment amount and total interest of 20-year and 30-year mortgages are as follows: 20-year matching principal and interest repayment method: the total loan amount is 100000.00 yuan, the monthly repayment amount for 240 months is 682.25 yuan, and the total interest amount is 63740.38 yuan. Total principal and interest 163740.38 yuan, and the repayment method of equal principal and interest is 3. 0 year: total loan 100000.00 yuan, repayment months of 360 months, monthly repayment of 56 1.53 yuan, total interest paid 102 15 1.09 yuan, and total principal and interest of 202/kloc.
How much is the interest on the bank loan?
Our daily life is closely related to banks, and we can say that we are dealing with banks every day. As big as buying a car and buying a house, as small as every small expenditure, you have to deduct money from the bank. We contact the bank every day, but when it comes to the loan, we don't know the interest of the bank loan. How much money to pay back every month is what every borrower cares about. Because each bank's loan interest is different, it is necessary to do your homework in advance and understand the bank's loan interest. Then let's look at the interest rates of various bank loans.
At present, the central bank sets the interest rate as one-year benchmark interest rate of 4.35%, 1-3 years (including 3 years) of 4.75%, 3-5 years (including 5 years) of 4.75% and 5-30 years (including 30 years) of 4.90%.
At present, the benchmark interest rate of bank loans in China is set by the People's Bank of China, and then the major banks fluctuate according to the prescribed range. Among them, the floating range of commercial banks, urban credit cooperatives and other financial institutions is between 0.9%- 1.7%, which means that the central bank allows major banks to rise by 70% and fall by 10% on the basis of the benchmark interest rate. Because the interest of bank loans is calculated according to the interest rate, the interest rate and loan amount of each bank are different, and the interest is also different.
Banks have three loan methods, namely mortgage loan, credit loan and commercial loan. Because the loan conditions are different, the interest rate and interest rate are different.
Mortgage loan:
1. Mortgage loan is used for business operation.
The general loan amount can be applied to 70% of the real estate appraisal value. The loan interest rate should rise by more than 20% on the basis of the benchmark interest rate of the central bank according to the bank's policies and the borrower's conditions. The loan period is generally set at 5 years.
2. Mortgage loan is used for personal consumption
If the mortgage loan is used for personal consumption, the loan interest rate can rise by 10% on the basis of the benchmark interest rate of the central bank. The assets mortgaged in this way generally have a mortgage life of 10 years.
Mortgage is used to buy a house.
If the mortgage borrower uses it to buy a house, the bank's loan interest rate is 1. 1 times the original benchmark interest rate. The loan time has also been shortened from the original 20 years to 10 years.
When handling mortgage loans, the borrower's loan period has a certain relationship with his own qualifications. If his personal credit is good and his repayment ability is strong, his loan amount will be higher.
Credit loan:
The interest of general credit loans is higher than other loan methods. Because credit loans are unsecured loans, the procedures are relatively simple and the threshold is relatively low, so the interest is higher than ordinary loans. At present, the interest rates of unsecured credit loans of major banks are floating on the basis of the central bank's benchmark interest rate, at least by 30%. Calculated by the loan for five years, the interest rate for five years is about 6. 18%. When we make a loan, we should calculate the monthly repayment amount to see if we can afford it.
If credit loans are used for personal consumption, such as tourism, daily consumption, durable goods consumption, etc., you can choose credit products with small loan amount and low interest, such as China Construction Bank and Bank of Communications. If our credit loan is used for decoration, car purchase or other consumption with large demand for funds, you can choose credit loan products with high loan amount, low interest and long loan period.
However, it should be noted that there are many factors affecting credit loans, including credit application, assets and repayment ability of loans.
Commercial loans:
Commercial loans, also known as "personal housing loans", buyers pay a down payment when buying a house, and then pay a certain amount of principal and interest to the bank every month. The annual interest rate of commercial loans is 1 year or above 4.35%, 1 to 5 years (inclusive) 4.75%, and 5 years or above 4.90%. For provident fund loans below 1 year, the tax rate is 2.75%, 1-3 years is 2.75%, 3-5 years is 2.75%, and 5 years and above is 3.25%. Affected by the policy of restricting purchases and loans, major banks have adjusted the interest rate of the first home loan to varying degrees. According to statistics, the average interest rate of the first suite is 5.38%, the interest rate generally rises by 5%-20%, the second suite rises by 10%-30%, and the interest rate of provident fund loans rises by 10%.
Generally speaking, the interest of bank loans is calculated according to the interest rate. The interest rate and loan amount of each bank are different, so the interest is different. The benchmark annual interest rate set by the central bank is 4.35%, 1-3 year interest rate is 4.75%, 3-5 year interest rate is 4.75%, and 5-30 year interest rate is 4.90%. On the basis of the benchmark interest rate, major banks fluctuate within a reasonable range, that is to say, the maximum fluctuation range is 70%, and the downward fluctuation range is 10%. The above is my answer to the bank loan interest rate, I hope it will help you.
How to calculate the rate of interest rate increase
The range of interest rate increase means that when banks apply for loans, they will add or subtract basis points from the LPR interest rate. One basis point is 0.00 1% (0.0 1%), so 100 basis points is equal to 1%. When applying for a loan, different banks give different basis points for addition and subtraction. Generally, the more points are added, the higher the actual loan interest rate of users.
1.LPR is actually equivalent to the original "benchmark interest rate". The difference is that the change frequency is faster, and it is announced on the 20th of each month. Due to the quotation of 18 bank, the market impact is more obvious.
2. From March 1 2020, financial institutions should negotiate with customers of existing floating interest rate loans on the conversion terms of pricing benchmark, and convert the interest rate pricing method agreed in the original contract into LPR as the pricing benchmark (the bonus value can be negative), and the bonus value will remain unchanged during the remaining period of the contract. It can also be converted into a fixed interest rate.
3. For example, the LPR interest rate is 4.8%, and the final interest rate is 5.3% after a certain upward adjustment, so the interest rate plus point is 0.5% or 50BP. After the user converts the mortgage interest rate into LPR interest rate, the interest rate will be raised to a fixed value and will not change during the loan period.
4. How to calculate the conversion LPR?
First of all, let's study how to calculate the interest rate of stock mortgage-the interest rate of stock mortgage follows the principle of equivalent exchange, that is, the converted interest rate is consistent with the original interest rate in value.
5. Calculation formula:
After conversion, the mortgage interest rate =LPR (the value announced in February last year, 65438+) has a fixed spread (that is, a fixed bonus value).
6. For the new mortgage interest rate, the formula is also "LPR plus point value", and LPR is also the value announced by the central bank on the 20th of each month. The difference is that the bonus value is determined by the government, which can adjust it according to the situation of the property market: the bonus value may be higher in areas with hot property market and lower in areas with cold property market.
I hope I can help you, but the specific value still belongs to the bank.
This concludes the introduction of loan interest rate range and loan interest rate range. I wonder if you found the information you need from it?