Is the Postal Savings Bank's agriculture and rural loan interest rate 4.75 monthly or annual?

1. Is the Postal Savings Bank’s rural loan interest rate of 4.75 monthly or annual?

If 4.75 is monthly, the annual interest is 57

The Sannong loan interest rate is 4.75, which is the annual interest rate, and the monthly interest rate is 0.39

2. What is the interest rate of the Postal Bank loan

The China Postal Savings Bank personal loan is based on the actual situation of the loan applicant. Floating on the current commercial loan interest rate, the current commercial loan benchmark interest rate is as follows: (1) The annual interest rate within 1 year (including 1 year) is 4.35; (2) The annual interest rate from 1 to 5 years (including 5 years) is 4.75; (3) The annual interest rate for more than 5 years is 4.90. The specific floating ratio is subject to the local policies and regulations of China Post Bank. Postal Bank Personal Credit Loan Interest Calculation Formula Postal Savings Bank Personal Credit Loan Interest Rate. Different types of loans and different loan terms have different interest rates. Bank interest rates will also fluctuate, so it is best to consult relevant personnel of Postal Bank for details. . The calculation formula is: Interest = Loan principal, Loan interest rate, Loan term, Postal Bank credit loan interest is calculated based on the loan interest rate, loan term, loan amount and other information. The loan interest rate is determined by the Postal Bank based on the qualifications of the borrower and floating on the central bank's benchmark interest rate. Example: Assume that the borrower applies for a credit loan at Postal Bank with a borrowing amount of 50,000 yuan and a loan term of 3 years. Calculated based on the base interest rate of 4.75, it can be concluded that the interest payable by the borrower is 500004.753 = 7125 yuan. (1) Postal personal loan types have different products according to different natures, such as: personal business loans, personal mortgage loans, car loans, decoration loans, consumer loans, etc. (2) Postal Bank personal loan conditions 1. Natural persons aged 18 to 65 years old; 2. The actual age of the borrower plus the loan application period should not exceed 70 years old; 3. Have a stable career, stable income, and repay the principal and interest of the loan on schedule. Ability; 4. Good credit, no bad records, and legal loan purpose; 5. Meet other conditions stipulated by the bank. Loans who meet the above conditions can apply for loan business at the local Postal Bank. (3) Postal Bank personal loan process 1. Loan application. The borrower applies for a loan to a local bank. 2. Credit rating assessment. Banks evaluate borrowers' creditworthiness. 3. Loan investigation. The bank investigates the borrower's legality, safety, profitability, etc. 4. Loan approval. Banks review and approve loans based on a loan management system that separates loan review from loan review and provides graded review and approval. 5. Sign the contract. The bank signs a loan contract with the borrower. 6. Loan disbursement. The bank issues loans on time according to the loan contract. 7. Post-loan inspection. The bank conducts follow-up investigations and inspections on the borrower's execution of the loan contract and the borrower's operating conditions. 8. Loan repayment. When the loan matures, the borrower must repay the principal and interest of the loan in full and on time. If he wants to extend the loan, he should submit a loan extension application to the bank before the loan maturity date. Whether to extend the loan is decided by the bank.

3. What are the rural areas and rural businesses of Postal Savings Bank of China?

Since the outbreak of pneumonia caused by the new coronavirus, the Postal Savings Bank of China, while doing a good job in epidemic prevention and control, has made every effort to provide financial services for "agriculture, rural areas and farmers" and inject financial vitality into rural revitalization.

Postal Savings Bank has effectively strengthened financial services related to epidemic prevention and control in rural areas, vigorously guided customers to use online loans "Quick Loan" and "E-Jie Loan", strengthened agricultural-related loans, and fully supported credit funds production of agricultural and sideline products and supply of agricultural materials for spring plowing preparation; make full use of network advantages to provide basic financial services to farmers; optimize business processes, open green approval channels, and help distressed customers tide over difficulties through support policies such as extensions and loan renewals; use outlets With the characteristics of being close to rural areas and farmers, we will strengthen the popularization of science on epidemic prevention and control, and help grassroots organizations publicize policies and prevent and control epidemics.

4. Is the Postal Savings Bank’s rural loan interest rate of 4.75 monthly or annual?

The interest rate of 4.75 should be the annual interest rate of postal savings, because this interest rate level is preceded by a percentage sign: 4.75, which is a loan of 100; the interest rate for a loan of 10,000 yuan per year is 475, as of now The interest rate level is already a very high interest rate, so what should this interest rate be? The annual interest rate is: 4.76x12=57.5; the loan interest rate protected by law cannot exceed 24, so the interest rate of 4.75 should be the annual interest rate