Inquiry on credit interest rate of major banks

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 always have three kinds of loans, namely mortgage loans, credit loans and commercial loans. 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.

What is the interest rate of bank credit loan?

Compared with mortgage, the non-performing loan ratio of credit loans is very high, so the interest rates of personal credit loans of banks vary greatly, ranging from 8% to 20% annually, and the benchmark interest rate rises by about 20% to 30%.

Taking the Agricultural Bank of China as an example, the benchmark interest rate of personal credit has risen by more than 30%, and individuals can only apply for a loan amount of 200,000 yuan at most, and the annual interest rate remains at around 8.05%.

However, unlike state-owned banks, some joint-stock banks have higher annual interest rates. The average annual interest rate of personal credit of Ping An Bank is around 10%, and that of China Merchants Bank is around 12%.

Calculation formula of equal principal and interest:

Monthly repayment amount = monthly interest rate of principal [( 1 monthly interest rate) n/[( 1 monthly interest rate) n- 1] where n represents the number of loan months and n represents the power of n.

Total interest = monthly repayment amount-loan months-principal

Calculation formula of average capital method:

Monthly repayment amount = principal /n Monthly interest rate of remaining principal.

Total interest = monthly interest rate of principal (loan months /20.5)

What is the interest rate of ICBC's credit loan?

The loan interest rates of ICBC are 4.35 for six months (inclusive), 4.35 for six months to 1 year (inclusive), 4.75 for 1 to three years (inclusive), 4.75 for three to five years (inclusive) and 4.9 for more than five years.

The loan interest rate is changeable, and it is only a unified benchmark interest rate. All localities can go up or down according to the actual situation. Please consult the local industrial and commercial bank for specific interest rate implementation.

Extended data

ICBC loan terms

1. A natural person with full capacity for civil conduct, aged between 18 (inclusive) and 60 years old (exclusive). Foreigners and residents of Hong Kong, Macao and Taiwan who are borrowers should have lived in People's Republic of China (PRC) for one year and have a fixed residence and occupation.

2. Have legal and valid identity certificate, household registration certificate (or valid residence certificate) and marital status certificate.

3. The borrower has the legal business qualification and can provide the business license of individual industrial and commercial households, partnership enterprises or enterprise legal persons.

4, with a stable source of income and the ability to repay the loan principal and interest in full and on time.

5. It has a good credit record and repayment willingness, and the borrower and its business entities have no bad credit records in known financial institutions such as China Industrial and Commercial Bank.

6. Being able to provide effective and reliable loan guarantee according to the joint loan practice recognized by the lender.

7. The borrower opens a personal settlement account in China Industrial and Commercial Bank.

8. Other conditions stipulated by China Industrial and Commercial Bank.

Which bank has the lowest interest on credit loans?

1, China Merchants Bank. The credit loan lightning loan launched by China Merchants Bank can get a 10% discount on Monday, and the discount rate is not lower than the annualized interest rate of 5.04%.

2. China Construction Bank. Credit loans, CCB fast loans, as low as 4.35%, but the specific interest rate needs to be differentiated according to the borrower's credit and contribution.

3. Agricultural Bank. The credit loan launched, Agricultural Bank of China Online Loan, has a maximum loan amount of 200,000, and users who sign a new one-year contract can enjoy a minimum interest rate discount of 4.35%-4.5%.

4. Postal Savings Bank provides credit loans-postal loans-up to 200,000, with an annual interest rate of 4.35%-7.05%, and adopts differentiated interest rates according to the qualifications of borrowers.

Lightning loan

Lightning loan: China Merchants Bank Lightning loan is an online loan product launched by China Merchants Bank. At present, only users who have received the invitation of China Merchants Bank lightning loan can apply for China Merchants Bank lightning loan. After the lightning loan application of China Merchants Bank is successful, the money will be distributed to the user's China Merchants Bank card within 24 hours. After the funds arrive at the CMB card, users can use the card for other operations normally, and can transfer money and withdraw cash. "Lightning Loan" is a full-line personal online loan product provided by China Merchants Bank for its retail customers. As long as the customer meets the loan credit conditions of China Merchants Bank, China Merchants Bank will take the initiative to verify the application qualification of the loan quota for the customer and notify the customer by SMS. Compared with the traditional loan business, the procedures of "lightning loan" products are simpler and more convenient. Customers can apply for loans through China Merchants Bank's mobile banking, and the China Merchants Bank system will automatically complete the loan approval and lending.