Not quite consistent, these three types of general bank loans have the lowest interest rates, Internet financial loans are slightly higher, and private lending rates are the highest. 1, bank loan interest rate determination Bank loan interest rate was determined by the state in the past. Now that the interest rate is marketized, the upper limit of the loan interest rate is completely liberalized in principle, but the bank loan interest rate will not be too high, because the industry competition is fierce. When the interest rate of good customers rises, customers will be lost. Customer banks with poor credit do not want to raise interest rates even if they can. 2. Many Internet financial loans are P2P online loans, which are platforms for private lending. The risk is high and the interest rate is relatively high. 3. Interest rate of private lending The interest rate of private lending is very arbitrary. After an acquaintance borrows money, it is amazing to introduce a loan, sometimes without interest and sometimes with high interest. The nature of private lending is very strong. 1.20 13 is called the first year of internet finance in China. The concept and products of Internet finance have made great progress. Online financial service platforms such as third-party payment, P2P online lending and crowdfunding have risen rapidly. There are more than 800 P2P online lending platforms. By the end of June, 20 13, the accumulated loan amount of Ali Small Loan exceeded 100 billion yuan, with more than 320,000 customers. Yu 'ebao was launched in June. Tian Hong Monetary Fund has absorbed 65,438+/kloc-0,000 billion social funds in just five months, which is equivalent to the personal deposit scale of a medium-sized bank. Obviously, the success of Internet finance depends on Internet technology. But more importantly, it reflects the distance between bank deposit interest rate and marketization. When depositors redistribute funds, move them out of the bank and deposit them in Yu 'ebao, investors have shown by actions that the interest rate of bank deposits is lower than the effective interest rate of market resource allocation. The data of Internet loan products released by Ping An Group in lufax shows the interest rate trend of products with different maturities in the last three months. Through comparison, we can see that, firstly, the spread between these wealth management products and their counterparts in banks is 200 basis points or higher; Second, the market interest basically showed an upward trend in the third quarter, reflecting the gradual shortage of market funds. Another P2P online lending company, Building Block, also found that in recent months, investors' interest requirements for wealth management products with guaranteed capital and interest have gradually increased. However, we also noticed that the interest rate of bank time deposits did not change at the same time. In China's current monopolistic and semi-closed financial market system, commercial banks enjoy the profit opportunities of low deposits and high loans because of their financial monopoly position. According to the data, the net interest income of the four major domestic banks accounts for 70% to 85% of the operating income. The average level of American commercial banks has dropped from 80% in the 1970s to about 60% at present. With the development of Internet, P2P network loans represented by Building Block and lufax provide depositors with a good storage investment opportunity. In the face of de-deposit, that is, after the source of funds for low-cost depositors is greatly reduced, commercial banks will gradually deposit and raise interest rates, thus returning part of the spread of low deposits and high loans to the people. Therefore, Internet finance represented by P2P online lending is making an important contribution to interest rate marketization by forcing the deposit interest rate market. 2. The bank loan interest rate refers to the ratio of the interest amount to the principal amount during the loan period. The interest rate in China is managed by the People's Bank of China. The bank loan interest rate refers to the benchmark interest rate set by the People's Bank of China, and the actual contract interest rate can fluctuate within a certain range on the basis of the benchmark interest rate. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease. From July 20, 2003 to July 20, 2065438, the People's Bank of China fully liberalized the loan interest rate control of financial institutions, and all the restrictions involved in the lower limit of the loan interest rate, the discount rate of bills and the upper limit of the loan interest rate of rural credit cooperatives were cancelled. Third, the meaning of private lending refers to lending between citizens, between citizens and legal persons, and between citizens and other organizations. As long as the intentions of both parties are true, it can be considered as valid, and the mortgage generated by the loan is also valid accordingly, but the interest rate shall not exceed the relevant interest rate stipulated by the People's Bank of China. Private lending is a direct financing channel, while bank lending is an indirect financing channel. Private lending is an investment channel of private capital and a form of private finance. According to Article 211 of the Contract Law: "If the loan contract between natural persons stipulates to pay interest, the loan interest rate shall not violate the relevant provisions of the state on limiting the loan interest rate". At the same time, according to the relevant provisions of the Supreme People's Court's Opinions on People's Trial of Lending Cases: "The interest rate of private lending may be appropriately higher than that of banks, but the maximum shall not exceed four times that of similar loans of banks".

2. Is the interest rate of bank loans the same as that of private loans?

No, because different loan interest rates are different. Metaphor: when you buy a house with a loan and sign a contract with the sales department, the highest interest rate is 6%, and sometimes there is 4% interest. If you go to the bank to apply for a loan to do business, then the loan is most likely to be mortgaged, and the interest is most likely to exceed 1.5.

3. What is the maximum interest ceiling for private lending?

The maximum interest rate of private lending agreed by both parties shall not exceed 24% per annum, but the specific loan interest shall be negotiated privately by both parties. If the annual interest rate of the loan exceeds 36%, the part exceeding 36% will be judged invalid, and the interest of 24% to 36% can be paid at the annual interest rate of 24%.

The interest rate of private lending mainly depends on the social relationship between borrowers and borrowers, the availability of funds in the formal financial market, the amount of loans, the degree of asset protection, the purpose of loans and regional differences. Details are as follows:

1, the benchmark interest rate of the central bank.

Generally speaking, the benchmark interest rate of the central bank is a market-oriented interest rate, which can reflect the relationship between supply and demand in the market and send information to the market, that is, the benchmark interest rate of the central bank is positively related to the interest rate of private loans. If the credit is abundant, the demand for private lending will drop. When the lending policy is tightened, the liquidity will be tight, the demand for private lending will rise, and the interest rate of private lending will rise.

2. Degree of regional economic development.

Unbalanced economic development leads to information asymmetry, which leads to higher interest rates of private lending in underdeveloped areas than in developed areas. With the continuous exchange of information between developed regions and underdeveloped regions, the spread space between them will be narrowed, that is, the pricing of private lending interest rates will not deviate from the principle of market rules.

3. The borrower's credit information record.

After the implementation of the credit regulations, interest rate marketization will focus on the intensified competition of high-quality customers and the cost of low-quality customers.

4. The purpose of private lending.

Generally speaking, the investment risk is directly proportional to the income, and the investment risk of living consumption loans is lower; However, production and operation investment lending has high investment risk and high income, so it

5. Transaction costs of private lending.

The transaction cost of general private lending includes endogenous transaction cost and exogenous transaction cost, which refers to the loss cost caused by moral hazard and adverse selection; Exogenous transaction cost refers to transportation cost, time,

6. Term of private lending

The interest rate of private lending is generally negatively related to the loan term, that is, the shorter the loan term, the higher the interest rate. Due to the characteristics of simple procedures and quick financing, some borrowers are willing to bear higher loan interest rates in order to raise funds in a short period of time.