What's the interest rate of bank microfinance?

1.7%-2.5%. Generally speaking, the interest rates determined by different banks and financial institutions are different, but overall, the difference will not be too big. Due to the short term of small loans, the monthly interest rate is generally used as the interest standard.

At present, most banks and financial institutions in the market set the interest rate of microfinance at 1.7%-2.5%. You can calculate the interest according to the interest rate stipulated by the bank. The calculation formula of monthly interest is as follows: loan amount * monthly interest rate = monthly interest rate. Because the loan interest of each institution is slightly different, you can do more research and consultation before applying for a loan. By comparison, institutions with low interest rates and good conditions are selected to apply for small loans.

：

I. Interest rate levels of major banks:

1, Shanghai Pudong Development Bank:

Deposit interest rate, 0.3%. Three-month fixed deposit rate 1.5%, half-year deposit rate 1.75%, annual deposit rate 2%, annual deposit rate 2.4%, annual deposit rate 3.8% and annual deposit rate 5.8%.

2. Five state-owned commercial banks (Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, Bank of Communications):

Deposit interest rate, 0.3%. Three-month fixed deposit rate 1.35%, half-year fixed deposit rate 1.55%, annual fixed deposit rate 1.75%, annual fixed deposit rate 2.25%, annual fixed deposit rate 3.75% and annual fixed deposit rate 5.75%.

3. China Merchants Bank:

Deposit interest rate, 0.35%. Three-month fixed deposit rate 1.35%, half-year fixed deposit rate 1.55%, annual fixed deposit rate 1.75%, annual fixed deposit rate 2.25%, annual fixed deposit rate 3.75% and annual fixed deposit rate 5.75%.

2. The interest rate for early withdrawal of time deposits shall be subject to the current interest rate. At present, the deposit interest rate of most banks is only 0.3% or 0.35%, and the interest rate of early withdrawal of certificates of deposit can be calculated by filing. In view of the fact that demand deposits not only have the functions of monetary payment and circulation means, but also have strong derivative ability, commercial banks must take demand deposits as the focus of their operations at any time. However, due to frequent deposit and withdrawal, complicated procedures and high cost, commercial banks in western countries generally do not pay interest, and sometimes even charge a certain handling fee.