What is the APR on cash loans?

What is the interest rate on bank loans

What is the interest rate on bank loans?

Now the bank loan interest rate is in accordance with the People's Bank of China to determine the floating prime rate of interest on loans, specific banks, products are different, the interest rate will be different.

Now the bank loan interest rate is as follows: within six months (including six months) loan 4.85%

Six months to one year (including one year) loan 4.85%

One to three years (including three years) loan 5.25%

Three to five years (including five years) loan 5.25%

Loans of more than five years 5.40%. After the release of the new Article 5, for cities where house prices have risen too fast, each branch may further increase the down payment ratio and interest rate for second home loans according to the real estate control objectives and policy requirements of the local people's government. At present, all localities are studying the development of relevant implementation rules, to be developed and reported to the head office of the Bank of China for approval can be implemented. In line with previous market expectations, some cities where house prices have risen too fast, the down payment for second-suite housing loans may be raised to 70% and interest rates to 1.3 times.

What is the interest rate on bank loans?

Now the bank loan interest rate is determined in accordance with the People's Bank of China's benchmark lending rate fluctuation, specific banks, products are different, the interest rate will be different.

Now the bank loan interest rate is as follows: within six months (including six months) loan 4.85%

Six months to one year (including one year) loan 4.85%

One to three years (including three years) loan 5.25%

Three to five years (including five years) loan 5.25%

Loans of more than five years 5.40%. After the release of the new Article 5, for cities where house prices have risen too fast, each branch may further increase the down payment ratio and interest rate for second home loans according to the real estate control objectives and policy requirements of the local people's government. At present, all localities are studying the development of relevant implementation rules, to be developed and reported to the head office of the Bank of China for approval can be implemented. In line with previous market expectations, some cities where housing prices have risen too fast, the down payment for second-suite housing loans may be raised to 70%, and interest rates increased to 1.3 times.

What is the interest rate on bank loans?

What is the interest rate on a bank loan depends on the specific bank. The benchmark interest rate for RMB loans is 4.35% per annum for loans within six months (including six months); 4.35% per annum for loans from six months to one year (including one year); 4.75% per annum for loans from one to three years (including three years); 4.75% per annum for loans from three to five years (including five years); 4.90% per annum for loans of more than five years. Each bank makes certain adjustments according to the actual situation, and the floating rate varies from bank to bank.

Legal basis: "Special Tax Adjustment Implementation Measures (for Trial Implementation)" Article 107

The tax authorities in accordance with the provisions of the Income Tax Law and its implementing regulations to make special tax adjustments to the enterprise, should be January 1, 2008 after the occurrence of the transaction of retroactive levy of enterprise income tax tax on a daily basis, plus interest. (i) The interest period shall commence on June 1 of the following year of the tax year to which the tax belongs and shall end on the date when the retroactive (prepaid) tax is deposited. (ii) The interest rate shall be calculated in accordance with the People's Bank of China RMB lending benchmark interest rate (hereinafter referred to as the "benchmark interest rate") for the same period as the tax year to which the tax belongs on December 31, and the daily interest rate shall be converted into 365 days a year. (c) If an enterprise provides the same period information and other relevant information in accordance with the provisions of these Measures, or if an enterprise is exempted from preparing the same period information in accordance with the provisions of Article 15 of these Measures, but is required by the tax authorities to provide other relevant information, it may calculate the additional interest rate based on the prime rate only. Where an enterprise is exempted from preparing contemporaneous information in accordance with the provisions of Item (1) of Article 15 of these Measures but, upon investigation by the tax authorities, the actual amount of its connected transactions reaches the standard for which contemporaneous information must be prepared, the tax authorities shall apply the provisions of Item (2) of this Article in respect of the additional interest on the back taxes. (d) The interest added in accordance with the provisions of this Article shall not be deducted in the calculation of taxable income.

Bank loan interest is generally now how much?

Hello, glad to help you answer the question:

Banks one year loan interest rate each bank is different, to the central bank, for example, one year loan interest rate is 4.35%. According to the loan of 10,000 yuan to calculate, a year of loan interest is: 10,000 yuan 4.35% = 435 yuan.

1. In less than one year (including one year), then the loan interest rate is 4.35% per annum, one year interest 435 yuan.

2. In one to five years (including five years), then the loan interest rate is 4.75% per annum, one year interest is 475 yuan.

3. In more than five years, then the loan interest rate is 4.90% per annum, a year of interest is 490 yuan.

What is the interest rate on a bank loan

Our daily life is closely related to the bank, and it can be said that we are dealing with the bank every day. Big to buy a car to buy a house, small to every small spending to go from the bank. We contact with the bank every day, but really to the time of the loan, but the bank loan interest does not understand, how much money to pay back each month is the concern of each borrower. Because each bank's loan interest is different, then we have to do our homework in advance to understand the bank's loan interest before the loan. So next let's take a look at each bank loan interest is how much.

Currently, the central bank has set the interest rate at 4.35% for the one-year prime rate, 4.75% for 1-3 years (including 3 years), 4.75% for 3-5 years (including 5 years), and 4.90% for 5-30 years (including 30 years).

Currently, the interest rate for bank loans in China is set by the People's Bank of China as a benchmark interest rate, and then major banks float up and down on this benchmark according to a specified range. Among them, commercial banks, urban credit cooperatives and other financial institutions floating range between 0.9% and 1.7%, meaning that the central bank allows major banks in the prime rate of interest rate on the basis of the maximum upward range of 70%, downward range of 10%. Because the interest on bank loans is based on the interest rate, and each bank's interest rate and loan amount are different, so there is a difference in the interest rate.

There are three types of bank loans, namely mortgage, credit and business loans, which have different interest rates and interest rates because of the different terms and conditions of the loan.

Mortgage loans:

1. Mortgage loans are used for business operations

The loan amount can generally be applied for up to 70% of the assessed value of the property. The interest rate of the loan is subject to the bank's policy and the borrower's condition on the central bank prime rate of 20% or more. The loan period is generally set at five years.

2. Mortgage for personal consumption

If the mortgage is used for personal consumption, then the interest rate of the loan can be floated 10% above the central bank's benchmark interest rate. This is used to collateralize the assets of the general security period is 10 years.

3. Mortgage used to buy a house

If the mortgage borrower is used to buy a house, then the bank's lending rate is 1.1 times the original prime rate. The duration of the loan has also been reduced to 10 years from the original 20 years.

When applying for a mortgage loan, the borrower's loan period is with their own qualifications is a certain relationship, if the individual's credit is good, the repayment ability, then he will have a higher loan amount.

Credit Loan:

The interest rate of a credit loan is generally higher than that of other loans, because credit loans are unsecured loans, relatively simple procedures, and the threshold is also lower, so the interest rate is higher than that of ordinary loans. At present, the unsecured credit loan interest rates of major banks are floating on the central bank prime rate, at least 30%, to calculate the loan for five years, 30% on the basis of 4.35%, then the interest rate for five years is about 6.18%. We have to calculate the monthly repayment amount when we take out the loan to see if we can afford it.

If the credit loan is used for personal consumption, such as travel, daily consumption, and the consumption of durable goods, you can choose CCB, CBN and other provident fund credit joint loan loan loan amount is small and the interest rate is also relatively low loan products, if we credit loan is used for renovation, to buy a car, or some other consumption of the great demand for funds, you can choose the loan amount is high, the interest rate is low and the loan term is longer credit loan. The credit loan product with a longer loan period.

But it should be noted that there are many factors affecting the credit loan, including the borrower's credit please, asset situation and repayment ability.

Commercial loans:

Commercial loans, also known as "personal home loans," are loans in which the buyer makes a down payment on a home and then pays the bank a certain amount of money in principal and interest each month. The annual interest rate for a commercial loan is 4.35% for 1 year or more, 4.75% for 1 to 5 years (inclusive) and 4.90% for more than 5 years. For CPF loans up to 1 year, the tax rate is 2.75%, 2.75% for 1 to 3 years, 2.75% for 3 to 5 years and 3.25% for more than 5 years. Influenced by the policy of restricting purchases and loans, major banks have adjusted the interest rates for first-suite loans with different strengths. According to statistics, the general average interest rate for the first suite is 5.38%, the interest rate is generally up 5%-20%, 10%-30% for the second suite, and 10% for the provident fund loan interest rate.

In general, the interest rate of bank loans is calculated according to the interest rate, and each bank's interest rate and loan amount are different, so there is a difference in the interest rate. The central bank set the benchmark interest rate for loans at 4.35% per annum, the interest rate for 1-3 years is 4.75%, the interest rate for 3-5 years is 4.75%, and the interest rate for 5-30 years is 4.90%. Major banks vary the prime rate up or down by a reasonable margin, which means a maximum of 70% up and 10% down. The above is my answer to the question of what is the interest rate of the bank loan, I hope it can help you.

How to calculate the interest of cash loans

Calculation formula:

Interest within the repayment period = 0.06% × the amount borrowed × the actual number of days borrowed;

Interest beyond the repayment period = 0.06% × the amount borrowed × the actual number of days borrowed number of days overdue × 1;

Tencent credit three and a half stars Then you can apply for a cash loan, the loan amount is 1-3000 yuan RMB, loan period 1-30 days, however, at present, the cash loan only supports 500 yuan. qq cash loan daily interest is six ten thousandths, after borrowing the first 3 days of repayment without interest, but if 5 days late and still have not repaid the loan, there will be a penalty interest, borrowing 500 yuan or less not on schedule repayment, the penalty interest is 1 yuan / day.

Extended information:

Cash Loan, short for Small Cash Loan Business, is a consumer loan business issued to the applicant with a convenient and flexible way of borrowing and repayment, as well as real-time approval and fast arrival features

Beginning in 2015, cash loans began to rise strongly in China as an important branch of consumer finance. It is mainly online in first- and second-tier cities and offline in third- and fourth-tier cities.

As of January 2018, the financing channels of cash loan platforms were comprehensively blocked, and in addition to the blocking of financing channels of banks and ABS products, the financing channels of the capital market are also being tightened.

In the face of the frantic expansion of the "cash loan" business, financial regulators have continued to take action to cure the situation. in October 2017, the relevant person in charge of the central bank for the recent expansion of the scale of the rapid momentum of the current situation of the "cash loan", including the "cash loan". The "cash loan", including all financial business should be included in the supervision.

In response to the current development of "cash loans", it is necessary to implement stricter regulation, to put into practice the "Guiding Opinions on Risk Prevention and Control in the Banking Sector" issued by the CBRC in April 2017, and to continue to do a good job in the business of "cash loans", clean up and rectify the work, and supervise the network of "cash loans". It will continue to do a good job of cleaning up and rectifying the business of "cash loans", urge online lending information intermediaries to carry out their business in accordance with the law, ensure that the source of funds of the lenders is legal, and prohibit them from committing fraud and false propaganda; strictly implement the relevant provisions of the Supreme People's Government on private lending interest rates, and prevent the occurrence of illegal lending at exorbitant interest rates and violent collection incidents.