What is the national standard for loan interest?

It has an important impact on monetary policy and lending interests. Understanding and grasping changes and trends in interest rates is of great significance to both individuals and businesses. Below, the editor will bring you what the national standard for loan interest is, which is of great benefit to you. Let’s take a look.

1. Within one year (including one year), the interest rate is 4.35%.

2. The interest rate from one to five years (including five years) is 4.75%.

3. For more than five years, the interest rate has been 4.90%.

The interest rate range for borrowers and borrowers stipulated by the state: The annual interest rate agreed upon by the borrower and borrower is within 24% and is protected by law. If the annual interest rate agreed between the borrower and the borrower exceeds 24% and does not exceed 36%, it is not protected by law and is a natural debt. If the annual interest rate agreed between the borrower and the borrower exceeds 36%, it is not protected by law, and the excess interest is invalid.

What is the interest rate on home loans now?

1. Short-term loan: the interest rate is 4.35% within six months (including six months), and the interest rate is 4.35% for six months to one year (including one year). year) the interest rate is 4.35%;

2. Medium and long-term loans: the interest rate for one to five years (including five years) is 4.75%, and the interest rate for more than five years is 4.90%;

3. Provident fund loan: the interest rate is 2.75% for five years or less (including five years), and 3.25% for more than five years.

What is the general monthly interest rate for loans?

The monthly interest rate for loans = interest ÷ principal ÷ time × 100%

The monthly interest rate refers to the monthly interest calculation cycle. interest. The monthly interest rate is expressed in thousandths of the principal.

The monthly interest rates announced by banks are basically expressed in terms of one year. For example, the annualized deposit interest rate for three months is 2.6% (listed by the bank). In fact, it actually calculates The current actual rate of return for three months is only 0.65%.

The annual interest rate is generally expressed in % (percent), and the monthly interest rate is generally expressed in ‰ (thousandths); the daily interest rate is based on the principal It is expressed as a few thousandths, usually called a few centimeters or a few cents per day.

For example, if the daily interest rate is 1%, that is, the principal is 1 yuan, the daily interest rate is 0.001 yuan. (1 centimeter = 0.001 yuan, one cent = 0.0001 yuan)

Calculation formula: daily interest rate_annual interest rate ÷360 = monthly interest rate ÷30

Extended information:

< p>The conversion formula of daily interest rate, annual interest rate and monthly interest rate:

Daily interest rate (0/000) = annual interest rate (0/0)÷360;

Monthly interest rate (0 /00)=annual interest rate (0/0)÷12.

Monthly interest rate = daily interest rate × 30

Annual interest rate = monthly interest rate × 12

Interest = interest accumulation × daily interest rate

Formula

Formula 1: Daily interest rate = daily interest ÷ deposit (loan) amount : Daily interest rate = annual interest rate ÷ 360

Factors affecting interest rates:

1. Central bank’s policy

Generally speaking, when the central bank expands the money supply , the total supply of loanable funds will increase, supply exceeds demand, and the natural interest rate will decrease accordingly; conversely, if the central bank implements a tightening monetary policy to reduce the money supply, the supply of loanable funds will exceed demand, and interest rates will rise accordingly.

2. Price level

The market interest rate is the sum of the real interest rate and the inflation rate. When the price level rises, market interest rates also rise accordingly, otherwise real interest rates may be negative. At the same time, due to rising prices, the public's willingness to deposit will decrease while the loan demand of industrial and commercial enterprises will increase. The imbalance between deposits and loans caused by loan demand being greater than loan supply will inevitably lead to an increase in interest rates.

3. Stock and bond markets

If the securities market is in a rising period, market interest rates will rise; conversely, interest rates will also decrease relatively speaking.

4. International economic situation

Changes in a country's economic parameters, especially changes in exchange rates and interest rates, will also affect the fluctuations of interest rates in other countries. Naturally, the rise and fall of the international securities market will also create risks for the interest rates faced by international banking business.

What is the annual interest rate for general bank loans?

The interest rate for loans between one and three years (inclusive) is 4.75%, and the interest rate for loans over five years is 4.9%.

Loan means that banks, credit unions and other institutions lend money to units or individuals who use the money, and generally stipulate interest and repayment dates. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts. Banks release concentrated currency and monetary funds through loans, which can meet the needs of supplementary funds for the expansion of social reproduction and promote economic development.

What is the normal annual loan interest rate?

The current normal loan annual interest rate is within the normal range of 14% to 18%. Yours, although it is a bit high , but within the scope of normal legal permission.

If the annual interest rate exceeds 24% or even 36%, then it is an absolute loan shark. Do not borrow money, the interest rate is very high