Interest of Industrial and Commercial Bank of China

1. Deposit interest rate:

1. Current interest: 0.30%;

2. Whole deposit Withdrawal: 1.35% for three months, 1.55% for half a year, 1.75% for one year, 2.25% for two years, 2.75% for three years, and 2.75% for five years;

3. Withdrawal from zero deposits and withdrawals from whole deposits . Deposit and interest: the one-year interest rate is 1.35%, the three-year interest rate is 1.55%, the five-year interest rate is 1.55%;

4. Fixed-term and fixed-term payment: the same as regular deposits and withdrawals within one year. The grade interest rate is 40% off;

Agreement deposit: 1.00%;

6. Notice deposit: One-day interest rate is 0.55%, and seven-day interest rate is 1.10%.

2. Loan interest rate:

1. Ordinary loan: 4.35% for less than one year (including one year), 4.75% for one to five years (including five years), 4.90 for more than five years %;

2. Provident fund loan: the interest rate is 2.75% for less than five years (including five years), and 3.25% for more than five years.

The above is the latest interest rate in 2022 from the Industrial and Commercial Bank of China interest rate table.

Can ICBC transfer errors be recovered?

ICBC transfer errors can be recovered, but the process is complicated.

1. After ICBC discovers a transfer error, it should save the personal transfer voucher or take a photo of the transfer record;

2. Contact ICBC to apply for freezing the other party’s bank account;

3. You can report it to the police. After obtaining the other party's information from the bank, you can negotiate with the other party to recover the funds. If the other party refuses, you can apply for police intervention or file a complaint directly.

Are there any risks with ICBC large-denomination certificates of deposit?

1. In terms of capital safety factor: ICBC deposit certificates are protected by the bank's deposit insurance system and are a financial management method that guarantees profits. Due to the protection of the deposit insurance system, even if the bank goes bankrupt, the principal and interest within 500,000 yuan can be paid in full;

2. In terms of capital circulation: Generally speaking, the large certificate of deposit of the Industrial and Commercial Bank of China is suitable for advance payment. Withdraw, but when the withdrawal amount exceeds 50,000, users need to book in advance. Additionally, CDs are often transferable. Generally speaking, the hidden dangers of ICBC deposit certificates are very low, and it cannot be said that there is no risk at all. After all, withdrawing the deposit certificate early will result in interest loss, so if users want to withdraw the deposit certificate early, they still need to consider more decisions.

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What is the ICBC loan interest rate?

1. Industrial and Commercial Bank of China

Industrial and Commercial Bank of China, the loan interest rate for short-term loans (within six months, inclusive) is 4.35%; from six months to one year (inclusive) Year) 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 loan interest rate for five years or less (including five years) is 2.75%; the loan interest rate for more than five years is 3.25%.

What is the interest rate on ICBC loans?

ICBC loan interest is not fixed. ICBC loan interest is divided into loan principal and loan period. The loan interest rate shall be based on the benchmark interest rate set by the central bank:

1. Loan Within one year (including one year), the interest rate is 4.35%.

2. The loan is for one to five years (including five years), and the interest rate is 4.75%.

3. For loans of more than five years, the interest rate is 4.90%.

Everyone’s ICBC loan interest rate is different. The ICBC loan interest rate is equal to the loan principal amount and loan period loan interest rate. At present, ICBC's loan terms are basically between 6 months and more than 5 years. The loan terms are mainly divided into short-term loans (6 months, June-1 year), and the corresponding interest rates are (5.35%); medium and long-term loans (1 year-3 years) , 3 years to 5 years, more than 5 years); the corresponding loan interest rates are (5.85%, 6.22%, 6.4%) respectively.

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

If the loan interest rate is high, the borrower's repayment amount will increase after the loan period, and vice versa.

An investment guarantee is a safe investment that protects investors' funds. If you choose Investment Guarantee, the interest earned on your investment will be calculated based on a fixed rate, floating rate, or market-linked formula. For many people, investment guarantees (or other conservative fixed-income investments) are a great option for portfolio protection.

ICBC’s loan conditions are as follows:

1. Have permanent urban residence or valid residence status.

2. Have a stable career and income, and have good credit.

3. More than 20% of the total price of the house purchased must be self-raised and guaranteed to be used for the down payment of the house purchased, without financial pressure

4. Have assets recognized by the bank as mortgage or pledge, or a unit or individual with sufficient solvency as a guarantor to repay the principal and interest of the loan and bear joint liability.

5. There is a house purchase contract agreement, and the price of the house purchased is basically in line with the assessed value of the bank or the real estate appraisal agency entrusted by the bank.

6. Other conditions specified by the bank. Information that should be submitted when applying for a loan, as well as required copies, etc.

Legal basis:

Article 11 of the "Interim Measures for the Administration of Personal Loans"

"The Supreme People's and the Supreme People's Procuratorate's Specific Application of Laws in the Handling of Criminal Cases" Article 7 of the Interpretation of Several Issues clearly states: Anyone who knowingly provides other people with credit cards, mobile phone cards, communication tools, communication transmission channels, network technical support, expense settlement and other assistance while knowing that they have committed a crime shall be punished with the same crime.

Industrial and Commercial Bank of China loan interest rate

The loan interest rate of Industrial and Commercial Bank of China is adjusted according to the central bank’s benchmark interest rate. The loan interest rate of each bank is different, so The actual loan interest rate depends on the specific situation of the bank. The following is the content related to the 2022 Industrial and Commercial Bank of China loan interest rate.

Let’s take a look at the latest news on the 2022 Industrial and Commercial Bank of China interest rate adjustment provided by Da Kajun:

The central bank has decided to lower the RMB loans of financial institutions starting from October 24, 2015. and deposit benchmark interest rates, and further accelerate the market reform of interest rates.

Adjust the benchmark interest rates for loans and deposits of financial institutions

(1) Lower the benchmark interest rates for RMB loans of financial institutions. Among them, the one-year loan interest rate was lowered from the current 4.6% to 4.35%, a decrease of 0.25 percentage points; the loan interest rates of other grades were adjusted accordingly.

(2) Lower the benchmark interest rate for RMB deposits of financial institutions. Among them, the one-year deposit interest rate was reduced from the current 1.75% to 1.5%, a decrease of 0.25 percentage points; the interest rates of other deposits were adjusted accordingly. Demand deposit rates remain unchanged.

(3) Reduce the interest rate on personal housing provident fund deposits. Among them, the interest rate of personal housing provident fund deposits collected in the current year remains unchanged at 0.35%; the interest rate of personal housing provident fund deposits carried forward from the previous year is reduced from the current 1.35% to 1.1%, a decrease of 0.25 percentage points. Individual housing provident fund loan interest rates remain unchanged.

On the evening of April 15, 2022, the central bank decided to comprehensively lower the deposit reserve ratio of financial institutions by 0.25 percentage points on April 25 (excluding financial institutions that have implemented a 5% deposit reserve ratio). About 530 billion yuan of long-term funds will be released.

According to news on December 6, 2021, in order to support the development of the real economy and promote the stabilization and decline of comprehensive financing costs, the central bank decided to lower the deposit reserve ratio of financial institutions by 0.5 percentage points on December 15, 2021 ( Excluding financial institutions that have implemented a 5% deposit reserve ratio). After this reduction, the weighted average deposit reserve ratio of financial institutions is 8.4%.

According to news on July 9, 2021, the central bank decided to lower the deposit reserve ratio of financial institutions by 0.5 percentage points on July 15, 2021 (excluding financial institutions that have implemented a 5% deposit reserve ratio). After this reduction, the weighted average deposit reserve ratio of financial institutions is 8.9%.

Industrial and Commercial Bank of China

Industrial and Commercial Bank of China was established on January 1, 1984. On October 28, 2005, the company was restructured into a joint stock limited company. On October 27, 2006, it was successfully listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange on the same day.

After continuous efforts and steady development, it has become one of the world's leading banks. It has a high-quality customer base, a diversified business structure, strong innovation capabilities and market competitiveness, and provides a wide range of services to 5.784 million corporate customers and 530 million individual customers around the world. Financial products and services. We will take serving the real economy as the starting point and end point of our operations and management, adhere to new concepts, new finance, and new services to support supply-side structural and economic transformation and upgrading, and achieve our own healthy and sustainable development. We will further promote innovation and operational transformation, and businesses such as retail finance, asset management and financial markets will become important engines for profitable growth. The international and comprehensive operation pattern has been continuously improved, the overseas network has been expanded to 42 countries and regions, and the profit contribution has been further improved. In 2016, for the fourth consecutive year, it ranked first in three rankings: The Banker's Top 1,000 Global Banks, the Forbes Global 2000, and Fortune's "Top 500 Commercial Banks Sub-List." According to the latest LPR, on August 22, 2022, the 1-year LPR was 3.65%, and the 5-year or above LPR was 4.3%. Of course, loans with a 5-year or above period are mainly targeted at housing loans, so for home buyers , you only need to pay attention to the 5-year LPR, the benchmark is 4.3%.

According to the announcement issued by the central bank on May 15, 2022, for households that purchase ordinary self-owned houses with loans, the lower limit of the commercial personal housing loan interest rate for the first home will be adjusted to not be lower than the corresponding term loan market The quoted interest rate is reduced by 20 basis points, and the lower limit of commercial personal housing loan interest rates for second homes is implemented in accordance with current regulations.

Before the adjustment, the lower limit of the interest rate for the first home loan was the market quoted interest rate LPR for the corresponding term loan, and the lower limit for the second home loan was LPR 60 basis points. According to the latest loan market quoted interest rate (LPR) on August 22, the 1-year LPR is 3.65%, and the 5-year or above LPR is 4.3%.

This means that if you take a loan to purchase your first ordinary home, the commercial personal housing loan interest rate will be no less than 4.1% (LPR over 5 years is 4.3% minus 20 basis points).

Although everyone may have talked about LPR more, there are a few points I think it is necessary to remind everyone.

The same LPR, but different cities have different algorithms and different levels of execution.

Actual mortgage interest rate (December) = 5-year LPR interest rate (December) plus points at each level.

After adding points, the actual mortgage interest rates in various places are basically the same as the original floating interest rates: the first mortgage interest rate increased slightly in most cities, and fell slightly in some cities. The second mortgage interest rate increased invariably, and mortgages became slightly more expensive. .

That’s it for the introduction of ICBC bank loan interest.