What is the minimum interest rate on bank borrowings in 2020?

I hope that the landlord will not believe in unreliable online loans, online loans are harmful, and the profits will make you lose all your money, and it may really hurt the lives of the whole family if you can't pay it in a short period of time, and it is recommended that the landlord go to a formal loan platform.

In recent years, there have been many online loan platforms on the market, and here are three formal and reliable credit loans, namely Borrow, Weparticle Loan and Du Xiaoman Finance.

The borrowing in Alipay is a borrowing service for personal consumption. It is understood that the daily interest rate of borrowing is between, and the maximum amount that can be borrowed is 300,000 yuan.

WeLoan is an Internet microfinance product launched by WeBank, which has been launched on QQ and WeChat on mobile phones. The maximum amount of micro loan is 300,000 yuan, with interest calculated on a daily basis, and there is no penalty for early repayment.

Youqianhua, formerly known as "Youqianhua", is a credit brand under Du Xiaoman Finance (formerly Finance), which provides users with safe, convenient, unsecured and unsecured credit services.

Du Xiaoman Finance will effectively implement the call of the state to support small and micro enterprises to tide over the difficulties, and its credit service brand has the money to spend to fully support the production and operation of small and micro enterprises. It is reported that seventy percent of the credit users of Du Xiaoman Finance are small and micro business owners. Up to now, Du Xiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of yuan in loans to small and micro business owners.

These three big-brand loans all have the advantages of easy application, low interest rate and fast disbursement.

This is provided by Kangbo Finance, which focuses on the interpretation of financial hot events, the popularization of financial knowledge, adheres to professionalism, pursues fun, makes financial content that people can understand, and conveys financial value in a vivid and diverse way. Hope this helps.

1. Short-term loan: If the loan term is less than one year (including one year), the annual interest rate is;

2. Medium and long-term loans: (1) If the loan term is one to five years (including five years), the annual interest rate is; (2) If the loan term is more than five years, the annual interest rate is;

3. Provident fund loan: (1) If the loan term is less than five years (including five years), the annual interest rate is; (2) If the loan term is more than five years, the annual interest rate is;

Regulations of the People's Republic of China on the Administration of RMB Interest Rates

Article 20 For short-term loans (with a term of less than one year, including one year), interest shall be calculated according to the statutory loan interest rate of the corresponding grade on the date of signing the loan contract. During the loan contract period, interest will not be calculated in stages in case of interest rate adjustment.

Article 21 The interest rate of medium and long-term loans (with a term of more than one year) shall be fixed for one year. The loan (including all funds that shall be disbursed in installments within one year from the effective date of the loan contract) shall be calculated according to the statutory loan interest rate of the corresponding grade on the effective date of the loan contract according to the term determined in the loan contract, and the interest rate for the next year shall be determined according to the statutory loan interest rate of the corresponding grade at that time after each full year (the date of disbursement of the first loan shall prevail in the case of partial disbursement). Medium and long-term loans are settled on a quarterly basis, with the 20th day of the last month of each quarter as the interest settlement date.

The interest that cannot be paid on time during the loan period will be compounded at the contract interest rate on a quarterly basis, and the penalty interest rate will be compounded after the loan is overdue.

Article 25 For overdue loans or misappropriation of loans, penalty interest shall be charged at the penalty interest rate from the date of overdue or misappropriation until the principal and interest are repaid, and interest shall be calculated in stages when the penalty interest rate is adjusted. For the interest that cannot be paid on time during the period of overdue or misappropriation of the loan, compound interest will be calculated on a quarterly basis (short-term loans can also be monthly) at the penalty interest rate. Just as a loan is both overdue and misappropriated, it should be selected and cannot be dealt with at the same time.

In 2020, the state stipulates general commerceLoan benchmark rateWithin one year (inclusive).Annual interest rateThe annual interest rate for one year to five years (including five years) is, and the annual interest rate for more than five years is.

Loan interest rate. It refers to the ratio of the amount of interest to the principal amount during the term of the loan. Interest rates in China are determined by the People's Bank of China.

Unified management, the interest rate determined by it is implemented after approval.

The level of loan interest rate directly determines the proportion of profits distributed between the borrower and the bank, thus affecting the economic interests of both the borrower and the bank. Loan interest rates vary depending on the type and duration of the loan, as well as the scarcity of borrowed funds.

The loan interest rate is the main basis for the parties to the loan contract to calculate the loan interest, and the loan interest rate clause is the main clause of the loan contract. The parties concerned can only negotiate the interest rate of a loan contract with a bank or other financial institution as the lender within the upper and lower limits of the interest rate set by the People's Bank of China.

The benchmark lending rates announced by the People's Bank of China in 2020 are:

Loan interest rate within one year (including one year), loan interest rate from one to five years (including five years), loan interest rate for more than five years

As for the benchmark interest rate for CPF loans, it is:

Loan interest rate for less than 5 years (inclusive), loan interest rate for more than 5 years.

Further information: The loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when they issue loans.

There are three main categories:

** Bank-to-commercial bank lending rates;

the interest rate of commercial banks' loans to customers;

Interbank Offered Rate.

The determinants of bank loan interest are:

Bank costs. Any economic activity requires a cost-benefit comparison. There are two types of bank costs: borrowing costs – interest on borrowed funds; Additional Costs – Expenses incurred in normal operations.

Average profit margin. Interest is the repartition of profits, and the interest must be less than the profit rate, and the average profit rate is the highest limit of interest.

The supply and demand of borrowed money funds. When supply exceeds demand, lending rates will inevitably fall, and vice versa.

In addition, the loan interest rate must also take into account the factors of price changes, valuable income factors, political factors, etc. However, some scholars believe that the highest limit of the interest rate should be the marginal rate of return of the capital.

The constraint on the interest rate is seen as the ratio of the increase in profits after borrowing bank loans to the amount borrowed by enterprises compared with the interest rate on loans. As long as the former is not less than the latter, the business may borrow from the bank.

Precautions. 1. When applying for a loan, the borrower makes a correct judgment on his ability to repay. Design a repayment plan according to your income level and leave appropriate leeway so as not to interfere with your normal life.

2. Choose a suitable repayment method. There are two types of repayment methods: equal repayment method and equal principal repayment method, once the repayment method is agreed in the contract, it cannot be changed throughout the loan period.

3. Repay the loan on time every month to avoid penalty interest. From the next month after the loan is initiated, the loan disbursement time of the next month is generally the repayment date, so as not to cause default penalty interest due to your own negligence, resulting in the failure of the bank to approve the loan application again.

The interest rates of each bank in 2020 are as follows:

1. State-owned banks.

1. The fixed deposit interest rates of Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China and China Construction Bank are all implemented standards, and the deposit interest rates are also the same; The interest rate of the three-month deposit is, half a year, one year, two years, and three years.

2. The interest rate of one-year deposit is one-year interest rate, three-year interest rate, and five-year interest rate; The interest rate for call deposits is 1 day and 7 days.

2. Joint-stock banks.

1. Among several banks such as China Merchants, CITIC, Everbright, Industrial Bank, Shanghai Pudong Development Bank, Ping An, Guangfa and Huaxia Bank, the deposit interest rate of IB is the highest, and the fixed deposit (lump sum deposit and withdrawal) is three months, half a year, one year, two years, and three years; Lump sum deposit, lump sum deposit, and interest on principal deposit are one year, three years, and five years.

2. Followed by China Guangfa Bank and Huaxia Bank, the three-year period of zero deposit and lump sum withdrawal is reached, and the five-year period is reached, and the three-year interest rate is slightly lower, with a three-year interest rate of 3%.

The level of loan interest needs to be determined according to the borrower's personal comprehensive qualifications, the type of loan application, the repayment method, the loan application amount, the loan application period and other factors. If the factors change, the interest rate on the loan will also change.

The first is the state-owned banks, among which the Bank of China has the lowest interest rates, followed by the China Construction Bank, the Agricultural Bank of China, and the Industrial and Commercial Bank of China. Among other state-owned banks, the Postal Savings Bank, Industrial Bank, and China Merchants Bank generally have lower mortgage interest rates than other banks. According to the data, in 2021, the mortgage interest rates of the four major state-owned banks are generally around.

If the lender wants to apply for a line of credit, then the lowest loan interest rate in 2021 should be Bank of China, and the loan interest rate is. After that, the renovation loan of the Industrial and Commercial Bank of China, the equal principal and interest are still in trouble, and the maximum installment time of five years can be selected, and the loan interest rate is as low as 3%.

After that, the loan interest rate is relatively low, that is, joint-stock commercial banks such as Industrial Bank, Minsheng Bank and China Merchants Bank, and the monthly interest rate is basically between 6-8%. After that, there are renovation loans from the Postal Bank, the Construction Bank, and the Agricultural Bank, and the interest rate is also very low.

The lending rate in 2020 fluctuates according to the central bank's benchmark lending rate. The latest adjustment of the benchmark interest rate of the central bank was on October 24, 2015, when the benchmark interest rate of RMB loans of financial institutions was lowered to facilitate social financing. In 2019, the PBOC has not yet released a new benchmark interest rate for RMB deposits and loans, so it is still implemented according to the version adjusted in 2015.

The introduction of loan interest rates in 2020 is as follows:

1. The adjusted interest rates of most banks in 2020 are basically the same, including Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, China Construction Bank, Bank of China, Bank of Communications, China Merchants Bank, China CITIC Bank, China Everbright Bank, Shanghai Pudong Development Bank, Ping An Bank, Guangfa Bank, Huaxia Bank, Minsheng Bank, Industrial Bank, Bank of East Asia, etc.

The interest rate for loans of these banks is within one year, the interest rate for loans from one year to five years, and the interest rate for loans over five years. The interest rate of personal housing provident fund loans within five years is the interest rate, and the interest rate of loans over five years is.

2. The loan interest rate of Shenzhen Development Bank within six months is 6% for six months to one year, one year to three years, three years to five years, and more than five years. The interest rate for personal housing provident fund loans below five years is 4%, and for more than five years.

3. The discounts of Bank of Communications, China Everbright Bank, Shenzhen Development Bank, Guangfa Bank, Minsheng Bank, Shengjing Bank, Huchao Huisui Bank, and Bank of Shanghai shall be determined by adding points to the lower limit of the rediscount rate.

In 2020, the fixed deposit interest rates of some banks are as follows:

Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, Bank of Communications, China Merchants Bank: three-month annual interest rate, six-month annual interest rate, one-year annual interest rate, two-year annual interest rate, three-year annual interest rate, five-year annual interest rate.

Ping An Bank: 3 months per annum, 6 months per annum, 1 year per annum, 2 years per annum, 3 years per annum, 5 years per annum.

Postal Savings Bank: 3 Month APR: % 6 Month APR, 1 Year APR, 2 Year APR, 3 Year APR, 5 Year APR. %.

Ping An car owner loan] can get a loan if you have a car, up to 500,000.

The latest interest rates of major banks have been released, and several banks have high interest rates, and people who know about them have gone to save money.

Within one year (including one year); 1 year to 5 years (including 5 years); For more than five years, this was the benchmark interest rate, but now the interest rate is market-oriented, and it changes every month.

The loan interest rates of all commercial banks are floated on the basis of the benchmark interest rate, and the specific amount of fluctuation needs to be adjusted by the borrower's qualifications of the borrower. If the borrower has good credit, a stable job, a high income, a sufficient bank flow, a low debt ratio, or can use a real estate vehicle as collateral, then the loan interest rate will rise less.

However, if the borrower has average credit, unstable job, low income, low debt ratio, and the bank statement has to be packaged, then the loan interest rate will naturally be higher than that of a person with good qualifications.

The latest benchmark interest rate table for bank deposits and loans implemented from 24 October 2015 (updated on 1 January 2020):

At present, the domestic bank loan interest rate is set according to the latest benchmark interest rate announced by the central bank, which is different for different banks and different regions. At present, the central bank's benchmark loan interest rate data are as follows:

1. Short-term loan interest rate: within six months (including six months), six months to one year (including one year).

2. Medium and long-term loans: loans for one to three years, loans for three to five years, and loans for more than five years.

3. Provident fund loan interest rate: less than five years (including five years), more than five years.

Why CPF loans can not be transferred! Not the same!

The bank knows best, you can ask the bank.

In 2020, the benchmark interest rate for bank loans is one to five years (including five years) within one year (including one year), and more than five years; The benchmark interest rate of provident fund loans is less than five years (including five years) and more than five years.

As of October 2018, the state stipulates that the benchmark interest rate for ordinary commercial loans is an annual interest rate within one year (including one year), an annual interest rate of one year to five years (including five years), and an annual interest rate of more than five years. For housing provident fund loans, the annual interest rate is less than five years (including five years), and the annual interest rate is more than five years. All banks will make some adjustments based on this benchmark rate.

The specific interest rate is subject to the bank's regulations.

Second, many banks have launched a lot of loan products to provide services for everyone, but generally speaking, the interest rate of bank loan products will not be particularly high, and will generally fluctuate up and down the standard interest rate of the central bank, so many users may be very concerned about the so-called 2020 major bank loan interest rate rankings, and will also pay more attention to which bank loan has a discount interest rate.

3. The short-term loan of the People's Bank of China is six months (inclusive), and the short-term loan of the People's Bank of China is six months to one year (inclusive); Medium and long-term loans are from one year to three years (inclusive), three to five years (inclusive), and more than five years. Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, Bank of Communications, China Merchants Bank, Guangfa Bank, and Postal Bank of China are all major commercial banks: short-term loans for six months (inclusive) and six months to one year (inclusive); Medium and long-term loans are from one year to three years (inclusive), three to five years (inclusive), and more than five years.

Fourth, the Supreme People's Court on the Application of Law in the Trial of Private Lending Cases.

Article 25 of the Provisions on Issues (Fa Shi 2020 No. 17) Where the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people's court shall support it, except where the interest rate agreed upon by both parties exceeds four times the one-year loan market ** interest rate at the time of the conclusion of the contract. The "one-year loan market ** interest rate" mentioned in the preceding paragraph refers to the one-year loan market ** interest rate published monthly by the National Interbank Lending Center authorized by the People's Bank of China from August 20, 2019.