Principal × period × accumulated interest rate × daily interest rate × principal × accumulated multi-day interest rate ÷30 or interest rate ÷360 months ÷ 12. The interest-bearing period is "from the deposit date to the day before payment", from the loan date to the day before repayment. For deposit and loan with interest on a case-by-case basis, if the interest period of the full moon is calculated on a monthly basis and there are odd days in the whole month, all of them can be converted into days. Regardless of the size of the month, the first day is calculated as 30 days, and the actual days are calculated. For demand deposits and loans, interest is calculated according to the actual number of days of deposits or loans. If the bank's interest rate is adjusted, the deposit and loan interest will be calculated by stages, and the bank will calculate it separately according to each term and interest rate, and then add it up. Interest rate means: annual interest rate%. The monthly interest rate is%. The daily interest rate is%%. Pay attention to the relationship when using interest rates: annual interest rate ÷ 12 interest rate, monthly interest rate ÷30 interest rate deposit period is the time of deposit. Generally speaking, the term of deposit is "beginning but not ending". That is, deposit it in El to calculate interest. Interest is not calculated on the withdrawal date. The calculation method is withdrawal from the depositor's date to the 1 day.
Provisions on the administration of RMB interest rate
Twentieth short-term loans (term less than one year, including one year), according to the legal loan interest rate of the corresponding grade on the date of signing the loan contract. During the loan contract period, in case of interest rate adjustment, interest will not be calculated by installments.
If short-term loans are settled quarterly, the 20th of the last month of each quarter is the settlement date, and the 20th of each month is the settlement date. The specific interest settlement method shall be determined by the borrower and the lender through consultation. Interest that cannot be paid on schedule during the loan period shall be compounded quarterly or monthly according to the loan contract interest rate, and after loans overdue, at the default interest rate. When the last loan is paid off, the profit will be paid off with the principal.
Twenty-first medium and long-term loans (with a term of more than one year) have a fixed interest rate of one year. The loan (including all the funds that should be allocated by installments within one year from the effective date of the loan contract) bears interest according to the legal loan interest rate of the corresponding grade on the effective date of the loan contract, and one year later, the interest rate of the next year is determined according to the legal loan interest rate of the corresponding grade at that time (the first loan is paid by installments). Medium and long-term loans are settled quarterly, and the 20th of the last month of each quarter is the settlement date. The interest that cannot be paid on schedule during the loan period shall be compounded quarterly according to the contract interest rate, and after loans overdue, it shall be compounded at the default interest rate.
Article 28 The People's Bank of China shall bear interest on the refinancing of financial institutions according to the contract interest rate, and shall not bear interest in installments when the interest rate is adjusted. Interest is settled once every quarter, and the 20th of the last month of each quarter is the interest settlement date. Interest that cannot be paid on schedule during the loan period is compounded at the contract interest rate.
If the refinancing term is extended, the loan term will not be calculated cumulatively, and the interest will be calculated according to the refinancing rate of the corresponding grade on the extension date. In loans overdue, the default interest will be charged according to the default interest rate on the overdue day until the principal and interest are paid off. If the default interest rate is adjusted, the interest will be calculated by stages. Interest that cannot be paid on schedule within the overdue period shall be compounded quarterly at the penalty interest rate.
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