Legal analysis: the benchmark annual interest rate of credit loans is 0-6 months (.35%, 6 months-1 year (inclusive), 4.35%, 1-3 years (inclusive), 4.75%.
Legal basis: Article 37 of the Law of People's Republic of China (PRC) Commercial Bank, when granting loans, a commercial bank shall conclude a written contract with the borrower. The contract shall stipulate the type, purpose, amount, interest rate, repayment period, repayment method, liability for breach of contract and other matters that both parties think need to be agreed. Article 38 A commercial bank shall determine the loan interest rate in accordance with the provisions of the People's Bank of China.
2. What is the general interest rate for credit loans?
At present, PBOC has announced the benchmark annual interest rate of loans: 0-6 months (including 6 months), with an annual interest rate of 4.35%; 6 months-1 year (inclusive), with an annual interest rate of 4.35%; 1-3 years (including 3 years), with annual interest rate of 4.75%; 3-5 years (including 5 years), with an annual interest rate of 4.75%; 5-30 years (including 30 years), with an annual interest rate of 4.90%; The loan interest rate needs to be comprehensively priced according to the business type, credit status, guarantee method and other factors you apply for, and can only be determined after being approved by the handling outlets.
3. What is the general interest rate for credit loans?
If you are going to apply for personal credit loan in China Merchants Bank (which is carried out by some branches), the "loan interest rate" you can actually apply for is comprehensively priced according to the business type, personal solvency, credit status, guarantee method and other factors, and can only be determined after approval by the handling outlets.
4. What is the interest on the credit loan?
The interest of personal credit loan depends on the interest and term amount of the loan. Usually, the personal credit loan interest rate is implemented according to the loan interest rate of the same period and the same file stipulated by the People's Bank of China, but this is only a standard value, which can fluctuate up and down. For example, the bank's credit loan interest rate is usually 30% to 50% higher than the central bank's loan interest rate. What's the interest rate for credit loans? If the business process of applying for personal credit loan in the bank is adopted, the interest rate of credit loan is generally around the annualized interest rate 1 1%, while if the borrower is selected to apply for personal credit loan in the company, the interest rate of bank loan is generally between 18%-36%. In addition, according to the different repayment methods, the loan interest to be paid in each period is also different. For example, equal principal repayment, the monthly loan principal payable = loan principal and interest × loan monthly interest rate (1 loan monthly interest rate) × loan months /[( 1 loan monthly interest rate) × loan months-1], but equal principal and interest repayment is different.