For those who need a loan, the first thing that comes to mind is how much interest the loan will cost, and then choose between the major banks. To this end, I have summarized the data of 20 18 commercial loan interest rate and the calculation method of personal commercial loan interest rate for your reference, hoping to help you.
1.20 18 What's the interest rate for commercial loans?
1, loan benchmark annual interest rate
According to the benchmark annual interest rate of loans published by the People's Bank of China, the benchmark annual interest rate of loans for less than 6 months (including 6 months) is 4.35%. Between half a year and one year (including one year), the benchmark annual interest rate of the loan is 4.35%. Between one year and three years (including three years), the benchmark annual interest rate of the loan is 4.75%. For three to five years (including five years), the benchmark annual interest rate of loans is 4.75%, and for five to thirty years (including thirty years), the benchmark annual interest rate of loans is 4.90%.
2. Actual loan interest rate
The above loan interest rate is only the benchmark interest rate, which can be used for your reference. The actual loan interest rate can only be determined according to the comprehensive factors such as the type of business you apply for, my credit history, and the way to choose secured mortgage. The final loan interest rate can only be determined after the approval of the handling bank outlets.
Second, how to calculate the personal commercial loan interest rate?
1, equal principal and interest calculation formula
The calculation principle of equal principal and interest is that in the monthly mortgage payment, the remaining principal interest is charged first, and then the principal is charged. The characteristic of this calculation method is that the interest in the monthly mortgage payment will decrease with the decrease of the principal, while the proportion of the principal in the monthly mortgage payment will increase, and the total monthly mortgage payment will remain unchanged. The calculation formula is: down payment =% principal down payment, monthly payment = monthly principal and interest, monthly principal = principal/repayment months, monthly principal and interest = principal x monthly interest rate.
2. Calculation formula of average capital
The calculation principle of average capital is to distribute the borrower's principal evenly to each month of the loan life, and then pay off the interest between each repayment date. The characteristic of this calculation method is that the total interest expense is relatively low and the principal and interest to be paid in the early stage of the loan is relatively high, but the advantage is that the repayment burden will be reduced month by month. The calculation formula is: monthly repayment amount = monthly principal and interest, monthly principal = principal/repayment months, monthly principal and interest = (principal-accumulated repayment amount) x monthly interest rate.
Summary of the article: Well, what is the interest rate of 20 18 commercial loan and how to calculate the interest rate of personal commercial loan is introduced here, hoping to have reference value for everyone. Generally speaking, the interest rate of commercial loans will be higher, which is usually used for short-term loans or supplementary loans when the amount of loans in other ways is insufficient. I hope everyone will be fully prepared.
Housing commercial loan interest rate 20 18
When buying a house, many people can't pay off all the house payment in one lump sum, so they will choose to take commercial loans from banks. Before making commercial loans, you need to know the interest rates of commercial housing loans of major banks. So what is the commercial housing loan interest rate of 20 18? Next, let's take a look at Bian Xiao.
I. 20 18 year central bank benchmark interest rate
According to the latest interest rate adjustment of the Bank of China. We make a commercial housing loan. If the loan term is within 1 year, then its interest rate is 4.35%. If we apply to the bank for a short-term commercial loan of 1 to more than 5 years, then its interest rate is 4.75%. If you apply for a long-term loan for more than five years, the interest rate is 4.9%.
Second, the commercial loan interest rates of major banks.
The commercial loan interest rate of most banks in China is implemented according to the commercial loan interest rate of the central bank. For example, major banks such as industry and commerce, agriculture, construction, investment promotion, Shanghai Pudong Development Bank, China Everbright Bank, CITIC Bank, Ping An Bank and Huaxia Bank. Some banks will adjust the benchmark interest rates set by the central bank, such as Bank of Communications, China Everbright Bank, China Guangfa Bank and Minsheng Bank. And will set the benchmark interest rate set by the central bank with the rediscount rate as the lower limit.
Shenzhen Development Bank, Harbin Bank and Hang Seng Bank will raise the benchmark interest rates set by the central bank. For example, Hang Seng Bank's short-term loan interest rate is 5.6% within six months, and if it is a commercial loan within six months to 1 year, its interest rate is 6.0%. If you apply for a commercial loan from Hang Seng Bank for one to three years, the interest rate is 6. 150%. If the loan term is three to five years, its interest rate is 6.40%. If the loan term is five years, its interest rate is 6.55%.
Three. Banking policy
The loan interest rate of banks will also be affected by policies. Usually, the loan interest rates of major domestic banks for the first suite are discounted. The discount strength may be different in different regions. For example, we list loans with a maturity of more than five years. In Nanjing, Changsha, Xiamen, Wuhan and other regions, the lowest interest rate for the first suite is 10%, and the interest rate is 4.4 1%. In Zhengzhou, Hangzhou, Chongqing and other regions, the lowest interest rate for the first suite is 15%, and the interest rate is 4.38%. If you buy a second home, most banks will adjust their mortgage interest rate to about 1. 1 times the benchmark interest rate, that is, 5.39%.
Bian Xiao concluded: Bian Xiao introduced the interest rate of commercial housing loans at 20 18. Different banks have different preferential policies for the interest rate of the first home commercial loan. When handling commercial housing loans, it is best to ask if there are any preferential policies first.
20 18 benchmark loan interest rate
20 18 benchmark loan interest rate:
1. Short-term loan: within one year (including one year), with annual interest rate of 4.35%;
2. Medium and long-term loans: the annual interest rate is 4.75% for one to five years (including five years); The annual interest rate for more than five years is 4.90%;
3. Personal housing provident fund loan: the annual interest rate for five years and below is 2.75%; The annual interest rate for more than five years is 3.25%.
The loan interest rate refers to the ratio of interest amount to principal amount during the loan period. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower limits of interest rates stipulated by the Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease.
20 18 commercial loan interest rate table
The bank loan interest rate of commercial banks implements the benchmark interest rate of the central bank. At present, PBOC has announced the benchmark annual interest rate of loans below 1 year (including 1 year), with an annual interest rate of 4.35%. 1-5 years (including 5 years) with an annual interest rate of 4.75%; 5-30 years (including 30 years), annual interest rate for more than 5 years: 4.90%.
Benchmark interest rate for housing provident fund loans:
1. The loan term is one to five years (including five years) and the annual interest rate is 2.75%; 2. If the loan term is more than five years, the annual interest rate is 3.25%.
Since 20 15, 10124 October, the central bank has cut interest rates by 0.25 percentage points and RRR by 0.5 percentage points. When applying for a mortgage in a bank, the loan interest rate will be adjusted according to the local actual situation, which is generally 1. 1 times the benchmark interest rate. Because there are differences in different regions, the loan interest rate is subject to the actual mortgage interest rate of the bank.