Which is cheaper, bank loan or house loan?

Which bank currently has the lowest loan interest rate?

Most banks currently have the lowest loan interest rates on the market. The interest rates of China Merchants Bank, China CITIC Bank, China Everbright Bank, Shanghai Pudong Development Bank, etc. are also consistent with the central bank's loan interest rates.

1. Bank of China

According to Bank of China’s semi-annual report, the balance of loans to Bank of China’s mainland RMB customers is 5.75 trillion, with an average yield of 6.23%, of which 37,000 are corporate loans. billion, with an average yield of 6.49%, and personal loan balances of 1.9 trillion, with a yield of 5.67%.

2. Industrial and Commercial Bank of China

The semi-annual report shows that the total number of ICBC customer loans is 10.3 trillion, with an average yield of 5.8%, of which the total corporate loans are 6.69 trillion, with an average The yield rate is 6.11%, the total number of personal loans is 2.8 trillion, and the average yield rate is 5.64%. The yield is the cheapest among the 13 banks.

3. Ping An Bank

In the first half of 2014, the average loan balance of Ping An Bank in the first half of the year was 0.88 trillion, and the average yield was 7.5%. The average balance of corporate loans in the first half of the year was 0.53 trillion, and the average yield was 6.51%. The average balance of personal loans in the first half of the year was 0.34 trillion, accounting for 9.04%, and the loan price was the most expensive.

4. Agricultural Bank of China

The Agricultural Bank of China’s semi-annual report shows that the total number of customer loans was 7.56 trillion, and the average yield in the first half of the year was 6.01%, of which the average balance of corporate loans was 49,000 billion, with an average yield of 6.22%; the average balance of personal loans was 2.2 trillion, with an average yield of 6.02% in the first half of the year.

Which type of bank loan is more cost-effective

Generally speaking, loan repayment can be divided into: equal principal and interest repayment method, equal principal repayment method, and monthly payment due Interest method. These are the three most common repayment options for loans. But what kind of repayment method is better? Below, let’s analyze the advantages and disadvantages of these three repayment methods.

1. Equal-amount principal and interest repayment

The advantage of equal-amount principal and interest repayment is that the monthly repayment amount is the same, which is easy to remember. The initial monthly repayment amount is small and the repayment pressure is low.

This repayment method generally allows you to apply for a longer loan period, usually 10 years or even longer, so the repayment pressure is reduced, and it is suitable for customers with long project cycles and slow repayments.

However, compared with the average capital repayment method, the principal repayment in each period is smaller and the total interest is higher. Compared with paying monthly interest and repaying the principal at maturity, the principal needs to be repaid every month, and the capital utilization rate is low.

Two. Repayment of principal in equal installments

The advantage of repayment of principal in equal installments is: higher monthly repayments in the early stage and lower total interest payment. With equal repayment of principal and interest, you can generally apply for a longer loan term.

However, the monthly payment in the early stage of the equal principal repayment is high and the repayment pressure is high; if the loan cannot be repaid on time, it will cause the loan to be overdue and affect the credit score. The monthly payment figures are different and difficult to remember.

Three. Interest is paid monthly and the principal is repaid upon maturity.

Advantages: You only need to pay interest every month and do not need to repay the principal. The repayment pressure is low and the fund utilization rate is high. This method is more suitable for customers with fast capital circulation rate and short payment cycle.

Generally speaking, this repayment method is a three-year credit, which will be transferred once a year when it expires. If there are sufficient funds in the second year and you do not need this loan, you do not need to go to the bank to renew the loan without any penalty.

This method also has disadvantages, such as high repayment pressure after one year, and the principal must be repaid when one year expires. If the funds are not arranged in place, it may be overdue and affect your credit report. Borrowing from the private sector is costly and risky.

Which bank has the lowest loan interest rate?

They 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. It is recommended that you first check out the WeChat mini program Qinglu. Qinglu has 99% of the loan information on the market, making it easier for you to make multi-faceted comparisons.

Which bank has the lowest loan interest?

It is 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 are definitely lower than those of other commercial banks.

According to the latest loan interest rates in 2021, the minimum five-year loan interest rate of the four major banks is 4.9%, and the minimum loan interest rate for loans under five years can reach 4.75%.

However, it should be noted that if you want to apply for a loan from the four major banks, the threshold for applying for a loan 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 information, other qualifications must also meet the bank’s requirements.

2. Locally supported banks

If the borrower cannot apply for a mortgage at the four major banks, then you can choose some local banks with policy support. For example, Dalian lenders can go to Dalian Bank to apply for a loan. As a local, Dalian Bank usually gives some preferential loan interest rates.

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

Generally speaking, when applying for a loan from a bank, if you want to choose a low and reliable interest rate, it is definitely right to choose the four major banks.

But lenders also need to make judgments based on their own qualifications. The better their personal qualifications, the higher the loan amount they can apply for, and the lower the loan interest rate they can apply for.

Extended information:

Interest is the fee for the use of currency within a certain period of time. It refers to the amount that currency holders (creditors) receive from borrowers (debtors) for lending currency or currency capital. ).

Includes deposit interest, loan interest and interest generated by various bonds.

Under the capitalist system, the source of profit 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 needs to borrow money from banks in the process of production and operation. How to calculate the loan interest.

Under the requirements of the new accounting standards, taking short-term borrowings as an example, borrowing interest must be recorded.

For example, if an enterprise obtains a loan from Industrial and Commercial Bank of China, the amount is RMB 1 million, the duration is three months, and the interest rate is 9%. How should the financial personnel handle it? There are several specific steps:

When obtaining a loan, the amount of 1 million can be debited to the bank deposit account, and the amount of 1 million can be credited to the short-term loan account.

When interest accrues, interest may or may not be accrued. There are two aspects to direct payment due.

First, if interest is excluded, the short-term loan can be debited when paid directly after maturity, with the amount of 1 million, the financial expense account is debited with the amount of 22,500, and the bank deposit account is credited with the amount 1.0225 million.

Second, if you want to calculate interest on a monthly basis, you can debit the first month's accrued interest to the financial expense account, with an amount of 750,000 yuan, and record 750,000 yuan as interest payable or accrued Expense account credit. Taking the first month as an example, several consecutive accounting entries are the same. When you want to repay the due loan interest, you can debit the short-term loan account with an amount of 1 million yuan and record the interest payable or accrued interest.

As an enterprise’s occupancy cost, it directly affects the economic benefits of the enterprise. In order to reduce costs and improve efficiency, enterprises should do everything possible to reduce the amount of funds, and at the same time compare the costs of various financing 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 improve.

Which of the four major banks has the cheapest loan

1. The four major banks

Among the many banks, you want to ask which bank has the lowest interest rate. What is the interest rate of the four major banks? Compared with other commercial banks, it must be relatively low. 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%, and 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 go to Dalian Bank to apply for a loan. 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

Introduction to the top ten bank loan products:

1. Industrial and Commercial Bank of China

Product name: Financial E-borrowing

Interest rate: The annual rate is about 7.2%, and it can be even lower when there are preferential activities.

Limit: 600-800,000, basically equal to the credit card limit.

Term: Generally 2 years, maximum 5 years. Four repayment methods are supported: equal principal and interest, equal principal, one-time principal payment with scheduled interest, and one-time principal and interest payment, and early repayment is supported.

2. China Construction Bank

Product name: Quick e-Loan

Interest rate: about 6% annually.

Quota: up to 300,000.

Term: 1 year. One-time repayment of principal and interest.

Evaluation: You must have business dealings with China Construction Bank before you can get a limit, such as housing loan, financial management, provident fund, etc.

3. Agricultural Bank of China

Product name: Wangjie Loan

Interest rate: about 5% annually.

Quota: up to 300,000.

Term: 1 year. One-time repayment of principal and interest.

Evaluation: The application threshold is relatively high, but there are also opportunities to provide quotas. Friends who have business dealings with Agricultural Bank of China can try it.

4. Shanghai Pudong Development Bank

Product name: Diandai

Interest rate: annualized 6.3%.

Quota: up to 300,000.

Term: 5 years. For those with more than 1 year, you can only choose the repayment method of equal installments of principal every month or equal installments of principal and interest this month.

Evaluation: But you need to have provident fund to get a loan, and not all cities are open to it.

5. Bank of China

Product name: E loan

Interest rate: about 6% annually.

Quota: up to 300,000.

Term: 1 year. Interest is paid monthly and the principal is repaid upon maturity.

Evaluation: A popular product of state-owned banks, the application threshold is high.

6. China CITIC Bank

Product name: Dream Realization Gold

Interest rate: 9% annualized.

Quota: up to 300,000.

Term: up to 3 years. Repay monthly, equal principal and interest.