The current loan interest rates of major banks show the loan interest rates of major banks

Loan interest rates of major banks

The loan interest rate of banks within one year (inclusive) is 4.35%, and the loan interest rate of more than five years is 4.9%. The mortgage interest rates are all floating interest rates by default, that is, the LPR is used as the pricing benchmark, and the interest rate calculated after adding basis points is the final mortgage interest rate. LPR will change. The LPR interest rate in November 2020 is: 3.85% for one-year term; 4.65% for five-year term.

Extended information:

Bank mortgage interest rates are generally calculated based on the central bank's benchmark interest rate, and different banks have different floating standards; take the mortgage interest rates of various commercial banks in Shenzhen as an example:

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1. Bank of China, Industry, Agriculture, Construction, China Merchants Bank, and Bank of Beijing: The interest rate for the first home will increase by 10% (the interest rate for more than five years is 5.39%), and the interest rate for the second home will increase by 15% (the interest rate for more than five years is 5.635%);

2. Bank of Communications: The interest rate for the first home has increased by 15% (the interest rate for more than five years is 5.635%), and the interest rate for the second home has increased by 20% (the interest rate for more than five years has been 5.88%);

3 .Industrial Bank: The interest rate for the first home has increased by 15% (the interest rate for more than five years is 5.635%), and the interest rate for the second home has increased by 40% (the interest rate for more than five years has been 6.86%).

What is the interest rate on bank loans?

Our daily lives are closely related to banks. It can be said that we deal with banks every day. It can be as big as buying a car or a house, or as small as every small expense has to be deducted from the bank. We are in contact with banks every day, but when it comes time to get a loan, we don’t know the bank’s loan interest rate. How much money we have to repay every month is what every borrower is concerned about. Because the loan interest rates of each bank are different, we must do our homework in advance and understand the bank's loan interest rates when applying for a loan. So let’s take a look at what the interest rates are on each bank’s loan.

At present, the central bank sets the interest rate as the one-year benchmark interest rate at 4.35%, 1-3 years (including 3 years) is 4.75%, 3-5 years (including 5 years) is 4.75%, 5-30 Year (including 30 years) is 4.90%.

At present, the loan interest rate of my country's banks is set by the People's Bank of China, and then the major banks fluctuate up and down based on this benchmark according to the prescribed range. Among them, the floating range of commercial banks, city credit cooperatives and other financial institutions is between 0.9% and 1.7%, which means that the central bank allows major banks to float up to 70% and down 10% based on the benchmark interest rate. Because the interest on bank loans is calculated based on the interest rate, and the interest rate and loan amount of each bank are different, so the interest rates are also different.

Banks generally have three loan methods, namely mortgage loans, credit loans, and commercial loans. Because the loan conditions are different, the interest rates and interests are also different.

Mortgage loans:

1. Mortgage loans are used for business operations

The loan amount can generally apply for 70% of the appraised value of the property. The interest rate of the loan must be increased by more than 20% from the central bank's benchmark interest rate based on the bank's policy and the borrower's conditions. The loan term is generally 5 years.

2. The mortgage loan is used for personal consumption

If the mortgage loan is used for personal consumption, the interest rate of the loan can be increased by 10% above the central bank's benchmark interest rate. The assets used for mortgage in this way generally have a mortgage term of 10 years.

3. The mortgage loan 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 base interest rate. The loan period has also been reduced from the original 20 years to 10 years.

When applying for a mortgage loan, the borrower's borrowing period is related to his or her qualifications. If the individual has good credit and strong repayment ability, the higher the loan limit.

Credit loan:

The interest rate of general credit loan is higher than that of other loan methods, because credit loan is an unsecured loan, the procedures are relatively simple, and the threshold is also low. It is relatively low, so the interest rate is higher than that of ordinary loans. At present, the unsecured credit loan interest rates of major banks are all raised by at least 30% above the central bank's benchmark interest rate. Calculated based on the five-year loan period, if the loan is raised by 30% on the basis of 4.35%, the five-year interest rate will be approximately 6.18%. When we take out a loan, we need to calculate the monthly repayment amount to see if we can afford it.

If the credit loan is used for personal consumption, such as travel, daily consumption, and durable goods consumption, you can choose provident fund credit joint loans from China Construction Bank, Bank of Communications, etc., which have small loan amounts and relatively low interest rates. Product, if our credit loan is used for decoration, buying a car, or other consumption that requires a lot of funds, you can choose a credit loan product with a high loan amount, lower interest rate, and longer loan period.

However, it should be noted that there are many factors that affect credit loans, including credit requirements for borrowing, asset status, and repayment ability.

Commercial loan:

Commercial loan is also known as "personal housing loan". Home buyers pay a down payment when buying a house, and then pay a certain amount of principal and interest to the bank every month.

For commercial loans of 1 year or more, the annual interest rate is 4.35%, for 1 to 5 years (inclusive), the annual interest rate is 4.75%, and for more than 5 years, the annual interest rate is 4.90%. The tax rate for provident fund loans is 2.75% for less than 1 year, 2.75% for 1-3 years, 2.75% for 3-5 years, and 3.25% for more than 5 years. Affected by the purchase and loan restriction policy, major banks have different adjustments to first-home loan interest rates. According to statistics, the average interest rate for first-time buyers is 5.38%, with interest rates generally rising by 5%-20%, second-time homes by 10%-30%, and provident fund loan interest rates by 10%.

In general, the interest on bank loans is calculated based on the interest rate, and the interest rate and loan amount of each bank are different, so the interest rates are also different. The benchmark annual interest rate for loans set by the central bank is 4.35%, 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%. The major banks fluctuate up and down based on the base interest rate within a reasonable range, that is to say, the maximum floating range is 70% and the downward floating range is 10%. The above is my answer to what is the interest rate of bank loans. I hope it can help you.

Loan interest ranking table of major banks 2022

1. China’s four major banks refer to Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and Bank of China. Their commercial loans and provident fund loans in 2022 The interest rates are the same, and the actual interest rates are as follows:

1. Short-term loans: within six months (including six months) 4.35%, six months to one year (including one year) 4.35%;

2. Medium and long-term loans: 4.75% for one to three years (including three years), 4.75% for three to five years (including five years), 4.9% for more than five years;

3. Housing provident fund loan: 2.75% for less than five years (including five years) and 3.25% for more than five years.

Second and fourth major bank deposit interest rates:

1. Bank of China: 1-year interest rate is 1.75%, 2-year interest rate is 2.25%, 3-year interest rate is 2.75%, 5-year interest rate The interest rate is 2.75%;

2. China Construction Bank: the 1-year interest rate is 1.75%, the 2-year interest rate is 2.25%, the 3-year interest rate is 2.75%, and the 5-year interest rate is 2.75%;

< p>3. Industrial and Commercial Bank of China: 1-year interest rate is 1.75%, 2-year interest rate is 2.25%, 3-year interest rate is 2.75%, 5-year interest rate is 2.75%;

4. Agricultural Bank of China: 1-year interest rate The interest rate is 1.75%, the 2-year interest rate is 2.25%, the 3-year interest rate is 2.75%, and the 5-year interest rate is 2.75%.

The above is the content related to the interest rates of the four major banks in 2022.

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2. What is the current loan interest rate of Agricultural Bank of China

According to the announcement of the Central Bank:

Baseline interest rate for central bank loans:

(1) Short-term loans: The adjusted interest rate within one year (including one year) is 4.35.

(2) Medium- and long-term loans: One to The adjusted interest rate for five years (including five years) is 4.75; the adjusted interest rate for more than five years is 4.90.

(3) Personal housing provident fund loan: the adjusted interest rate for less than five years (including five years) is 2.75 ; The adjusted interest rate for more than five years is 3.25.

Agricultural Bank of China, the loan interest rate for short-term loans (within six months, inclusive) is 4.35%; six months to one year (including one year) )’s loan interest rate is 4.35%. The loan interest rate for one to three years (inclusive) is 4.75%, and the loan interest rate for more than five years is 4.9%.

If it is a provident fund loan, the interest rate for loans under five years (including five years) is 2.75%; for loans over five years, the interest rate is 3.25%.

Loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when they issue loans. It is mainly divided into three categories: the central bank's loan interest rate to commercial banks; the commercial bank's loan interest rate to customers; and the interbank lending rate.

The factors that determine bank loan interest are:

1. Bank costs. Any economic activity requires cost-benefit comparison. There are two types of bank costs: borrowing costs - prepaid interest on borrowed funds; additional costs - expenses incurred in normal business.

2. Average profit rate. Interest is a subdivision of profit. Interest must be less than the profit rate. The average profit rate is the highest limit of interest.

3. The supply and demand situation of lending currency funds. If supply exceeds demand, loan interest rates will inevitably fall, and vice versa. In addition, loan interest rates must also take into account price changes, securities income factors, political factors, etc.

However, some scholars believe that the highest limit of interest rate should be the marginal rate of return of funds. The factor that constrains the interest rate is regarded as the ratio of the increase in profit of the enterprise after borrowing a bank loan to the amount of borrowing and the loan interest rate. As long as the former is not less than the latter, the company may borrow from the bank.

Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. my country's interest rates are uniformly managed by the central bank. The bank loan interest rate refers to the benchmark interest rate set by the central bank, and the actual contract interest rate can fluctuate within a certain range based on the benchmark interest rate.

The loan interest rate refers to the ratio of the interest amount to the principal amount during the loan period.

When determining the interest rate of a loan contract with a bank or other financial institution as the lender, the parties can only negotiate within the upper and lower limits of the interest rate stipulated by the central bank. If the loan interest rate is high, the borrower's repayment amount will increase after the loan period, and vice versa.

The loan interest rate is the main basis for both parties to the loan contract to calculate the loan interest, and the loan interest rate clause is the main clause of the loan contract.

To determine the interest rate of a loan contract with a bank or other financial institution as the lender, the parties can only negotiate within the upper and lower limits of the interest rate stipulated by the central bank. If the loan interest rate agreed upon by the parties is higher than the upper limit of interest rates stipulated by the People's Bank of China, the excess portion shall be invalid; if the interest rate agreed upon by the parties is lower than the lower limit of interest rates stipulated by the Central Bank, the lowest interest rate stipulated by the Central Bank shall prevail.

In addition, if the lender violates the regulations of the central bank and charges any other fees in addition to interest, the central bank shall impose penalties.

Loan interest rates are generally higher than deposit interest rates, and the difference between the two is the main source of bank profits.

Legal basis:

What is the current loan interest rate of Agricultural Bank of China? (1) Short-term loans: The adjusted interest rate within one year (including one year) is 4.35.

(2) Medium- and long-term loans: The adjusted interest rate for one to five years (including five years) is 4.75; five years The adjusted interest rate above is 4.90.

(3) Personal housing provident fund loan: the adjusted interest rate for five years or less (including five years) is 2.75; the adjusted interest rate for more than five years is 3.25.

< p>Agricultural Bank of China, the loan interest rate for short-term loans (within six months, inclusive) is 4.35%; the loan interest rate for six months to one year, inclusive, is 4.35%. The loan interest rate for one to three years (inclusive) is 4.75%, and the loan interest rate for more than five years is 4.9%.

Brief summary:

What is the current loan interest rate of Agricultural Bank of China? (1) Short-term loans: The adjusted interest rate within one year (including one year) is 4.35.

(2) Medium- and long-term loans: The adjusted interest rate for one to five years (including five years) is 4.75; five years The adjusted interest rate above is 4.90.

(3) Personal housing provident fund loan: the adjusted interest rate for five years or less (including five years) is 2.75; the adjusted interest rate for more than five years is 3.25.

< p>Agricultural Bank of China, the loan interest rate for short-term loans (within six months, inclusive) is 4.35%; the loan interest rate for six months to one year, inclusive, is 4.35%. The loan interest rate for one to three years (inclusive) is 4.75%, and the loan interest rate for more than five years is 4.9%.

3. What is the interest rate of Agricultural Bank of China real estate certificate mortgage loan?

Based on the 2022 People’s Bank of China loan interest rate, bank loan interest can be divided into: short-term loan interest rate, medium and long-term loan interest rate and provident fund interest rate Loan interest rate. Specific analysis:

1. Short-term loans: The loan interest rate for six months (inclusive) is 4.35%; the loan interest rate for six months to one year (inclusive) is 4.35%.

2. Medium and long-term loans: The interest rate for loans from one to three years (inclusive) is 4.75%; the interest rate for loans from three to five years (inclusive) is 4.75%; the interest rate for loans over five years is 4.75% The interest rate is 4.9%.

3. Provident Fund Loans: The interest rate for loans under five years (including five years) is 2.75%; the interest rate for loans over five years is 3.25%.

The actual execution interest rate may fluctuate, please refer to the actual transaction interest rate for details.

Application conditions

Required conditions for borrowers

1. Natural persons aged 18-60 years old (Hong Kong, Macao, Taiwan, Mainland China and foreign nationals are also acceptable)

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2. Have a stable career, stable income, and the ability to repay the principal and interest of the loan on time

3. The actual age of the borrower plus the loan application period should not exceed 70 years old

Materials that the borrower should provide

1. Identity cards and household registers of both spouses/temporary residence permit and household register for foreigners

2. Marriage certificate/divorce certificate or judgment/single certificate 2 Copy

3. Proof of income (format designated by the bank)

4. Copy of business license of the unit (with official seal)

5. Credit certificate : Including academic certificates, other real estate, bank statements, certificates of deposit, etc.

6. If the borrower is a corporate legal person, it must also provide an annual inspection business license, tax registration certificate, organization code certificate, and corporate articles of association. , financial statements.

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