Which bank has the lowest interest rate for credit loans? Try these three options

We all know that bank loan thresholds are relatively high and the possibility of rejection is higher. However, if you have a credit card, you can apply for the exclusive cash installment business with your credit card, which can be regarded as indirectly applying for a bank credit loan. In order to make it easier for everyone to apply, here are a few with relatively low interest rates for your reference.

1. China Merchants Bank-e-Mobile Loan

China Merchants Bank provides exclusive large-amount cash installment business for high-quality credit card holders, which can also be regarded as a kind of credit loan. E-Zhao Loan has two methods: "installment repayment" and "repayment at any time". Different repayment methods have different interest rates.

Instalment repayment, 0.95% for 3 installments, 0.80% for 6 installments, 0.75% for 10 installments, 0.75% for 12 installments, 0.75% for 18 installments, 0.75% for 24 installments, 50% off during events; anytime For repayment, after the application is successful, interest will be charged on the amount applied for at a rate of 0.05% per day and compound interest will be charged monthly until the entire amount is paid off without additional handling fees.

2. China CITIC Bank-Xin Kuai Cash

It is also a service that only high-quality credit card customers can enjoy. The maximum limit is 300,000 yuan, and the repayment can be divided into three years at most. The interest rates are also different depending on the number of repayments.

1.50% in 1st period, 0.82% in 3rd period, 0.82% in 6th period, 0.77% in 12th period, 0.76% in 24th period, 0.76% in 36th period (annualized rate: 14.70-21.61%)

3. Minsheng Bank - National Music Installment (Cash Installment)

National Music Installment is an exclusive quota provided to qualified customers. Cardholders can apply for installment repayment within this quota. The interest rates vary depending on the number of installments.

The handling rate for the 3rd period is 0.9%/period, which is collected in one lump sum; the handling rate for the 6th, 9th, 12th, 18th, and 24th periods is 0.75%/period, which is collected in installments.

Which bank has the lowest loan interest rate

The level of loan interest depends on the borrower’s personal comprehensive qualifications, loan application business type, repayment method, loan application amount, loan application period, etc. Determined by many factors.

If factors change, loan interest rates will also change.

The following takes mortgage loans as an example to share with you banks with lower mortgage interest rates.

The first is the state-owned bank. Among the state-owned banks, the central bank has the lowest interest rate, followed by China Construction Bank, Agricultural Bank of China and Industrial and Commercial Bank of China. Among other state-owned banks, the mortgage interest rates of Postal Savings Bank, Industrial Bank, and China Merchants Bank are generally lower than those of other banks. According to data, in 2021, the mortgage interest rates of the four major state-owned banks are generally around 3.85%.

If the lender wants to apply for a credit loan, the lowest loan interest rate in 2021 should be the central bank, with a loan interest rate of 2.6%.

Then there is the decoration loan from Industrial and Commercial Bank of China, with equal repayments of principal and interest. You can choose an installment period of up to five years, and the loan interest rate is as low as 3%.

The ones with relatively low loan interest rates are joint-stock commercial banks such as Industrial Bank, Minsheng Bank and China Merchants Bank. The monthly interest rates are basically between 6-8%.

Then there are decoration loans from Postal Bank, China Construction Bank, and Agricultural Bank of China, and the interest rates are also very low.

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, otherwise, it will decrease.

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 specified 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 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.

Which bank has the lowest interest rate for credit loans

1. China Merchants Bank. For the launched credit loan, China Merchants Bank Flash Loan, you can receive a 10% discount coupon on Monday, and the interest rate after the discount will be no less than the annualized interest rate of 5.04%.

2. China Construction Bank. The credit loan launched, CCB Quick Loan, is as low as 4.35%, but the specific interest rate needs to be differentiated by the system based on factors such as the borrower's credit and contribution.

3. Agricultural Bank of China. The credit loan launched - Agricultural Bank of China Online Loan, the maximum loan amount is 200,000, and new users who sign a one-year contract can enjoy an interest rate discount of as low as 4.35%-4.5%.

4. Postal Savings Bank launched a credit loan - Youxiangdai - Youkezunxiang, with a maximum limit of 200,000, and an annual interest rate of 4.35%-7.05%. It is adopted based on a comprehensive evaluation based on the borrower's qualifications. Differentiated interest rates.

Flash Loan

Flash Loan: China Merchants Bank Flash Loan is an online loan product launched by China Merchants Bank. Currently, only users who have received an invitation from China Merchants Bank’s Flash Loan can apply for CMB’s Flash Loan. Flash loan, after the CMB flash loan application is successful, the money will be released to the user's CMB all-in-one card within 24 hours. After the funds arrive in the CMB all-in-one card, the user can normally use the all-in-one card to perform other operations, transfer money and withdraw cash. "Flash Loan" is a comprehensive online personal loan product provided by China Merchants Bank to the bank's retail customers. As long as the customer meets China Merchants Bank's loan credit conditions, China Merchants Bank will proactively determine a loan limit for the customer. Application qualifications will be notified to customers via SMS or other means. Compared with traditional loan business, the procedures for "flash loan" products are simpler and more convenient. Customers can apply for loans by themselves through CMB's mobile banking, and CMB's system will automatically complete the loan approval and disbursement.

Which bank has the lowest loan interest?

It is one of the four major banks and local supporting banks.

1. The four major banks

Among the many banks, which bank has the lowest interest rate, the interest rates of the four major banks must be relatively low compared to other commercial banks. . According to the latest loan interest rates in 2021, the minimum loan interest rate for five-year loans from the four major banks is 4.9%, while for loans with a term of less than five years, the minimum loan interest rate can reach 4.75%.

However, it should be noted that if you want to apply for a loan from the four major banks, the loan application threshold is still relatively high. As state-owned enterprises, the four major banks have relatively strict qualification requirements for loan applicants.

In addition to the lender’s personal credit report, other qualifications also need to comply with bank regulations.

2. Local supported banks

If the borrower cannot apply for a mortgage loan at the four major banks, he or she can choose some local banks that are supported by policies. For example, borrowers in Dalian can apply for a loan at Dalian Bank. As a local, Dalian Bank will generally provide some preferential loan interest rates.

And if they receive policy support, this type of bank will be better than other commercial banks in terms of loan amount and loan time.

In general, when applying for a loan from a bank, if you want to choose one with low interest rates and reliability, it is definitely right to choose the four major banks.

But lenders also need to judge based on their own qualifications. The better the personal qualifications, the higher the loan amount that can be applied for, and the lower the loan interest rate that can be applied for.

Extended information:

Interest is the fee for the use of currency within a certain period of time. It refers to the money that the currency holder (creditor) receives from the borrower (debtor) for lending currency or currency capital. Reward received in hand.

Includes deposit interest, loan interest and interest on various bonds.

Under the capitalist system, the source of interest is the surplus value created by wage workers. The essence of interest is a special transformation form of surplus value and is a part of profit.

Every enterprise must borrow money from banks in the process of production and operation. How to record the loan interest.

Under the requirements of the new accounting standards, when making short-term borrowings, take short-term borrowings as an example to record the interest on the borrowings.

For example, if a company borrows money from Industrial and Commercial Bank of China, the amount is 1 million, the time is three months, and the interest rate is 9%. How should the financial staff handle it. There are several specific steps:

When a loan is obtained, it can be included as a debit in the bank deposit accounting account, with an amount of 1 million. At the same time, a credit of 1 million can be included in the short-term loan accounting account.

When interest accrues, interest can be accrued or no interest can be accrued. There are two aspects of direct payment when due.

First, if no interest is accrued, the debit side of the short-term loan can be included in the direct payment after maturity, the amount is 1 million, and the debit side included in the financial expense accounting account, the amount is 22,500 , included in the credit of the bank deposit accounting account, the amount is 1.0225 million.

Second, if you want to accrue interest on a monthly basis, when you accrue interest in the first month, it can be included in the debit of the financial expense accounting account. The amount is 7,500, and included in the interest payable or The credit amount of the accrued expense accounting account is 7,500. Taking the first month as an example, several consecutive accounting entries will be the same. When the loan interest is due to be repaid, it can be included in the debit side of the short-term loan accounting account. , the amount is 1 million, and is included in the debit side of the interest payable or accrued expense accounting account, the amount is 22,500, and is also included in the credit side of the bank deposit accounting account, the amount is 1.0225 million.

As the capital occupation cost of enterprises, interest has directly affected the level of economic benefits of enterprises. In order to reduce costs and improve efficiency, enterprises must do everything possible to reduce the amount of funds occupied, and at the same time conduct cost comparisons of various fund-raising methods during the financing process. If enterprises in the whole society regard saving interest expenses as a common behavior pattern, then the efficiency of economic growth will definitely be improved.

Which bank has the lowest loan interest rate? Come and see these ones!

When it comes to loans, most lenders are most concerned about loan interest. Every lender wants to find a loan bank with low interest rates, suitable for their loan conditions, and convenient application. Many lenders ask, which bank offers the lowest loan interest rates? At present, these are the ones!

Which bank offers the lowest loan interest rates?

The level of loan interest needs to be determined based on the lender's personal comprehensive qualifications, loan application business type, repayment method, loan application amount, loan application period and other factors. If factors change, loan interest rates will also change. Let’s take mortgage loans as an example and share with you banks with lower mortgage interest rates.

The first is the state-owned bank. Among the state-owned banks, the Bank of China has the lowest interest rate, followed by China Construction Bank, Agricultural Bank of China and Industrial and Commercial Bank of China. Among other state-owned banks, the mortgage interest rates of Postal Savings Bank, Industrial Bank, and China Merchants Bank are generally lower than those of other banks. According to data, in 2021, the mortgage interest rates of the four major state-owned banks are generally around 10%.

If the lender wants to apply for a credit loan, then the lowest loan interest rate in 2021 should be Bank of China, followed by Industrial and Commercial Bank of China's decoration loan, with equal repayment of principal and interest, and the maximum length can be selected With a five-year installment period, the loan interest rate is as low as 3%.

The ones with relatively low loan interest rates are joint-stock commercial banks such as Industrial Bank, Minsheng Bank and China Merchants Bank. The monthly interest rates are basically between 6-8%. Then there are renovation loans from Postal Bank, China Construction Bank, and Agricultural Bank of China, and the interest rates are also very low.

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