The loan is 65,438+000,000 yuan, and the monthly interest rate is 0.25%;

Monthly interest = loan amount × monthly interest rate = 65438+ million× 0.25% = 250 yuan;

Annual interest = monthly interest ×1February = 250×12 = 3,000 yuan.

The loan is 200,000 yuan with a monthly interest rate of 0.25%;

Monthly interest = loan amount × monthly interest rate = 200,000× 0.25% = 500 yuan;

Annual interest = monthly interest ×1February =500× 12=6000 yuan.

The loan is 300,000 yuan with a monthly interest rate of 0.25%;

Monthly interest = loan amount × monthly interest rate = 300,000× 0.25% = 750 yuan;

Annual interest = monthly interest ×1February = 750× 12 = 9000 yuan.

Calculation formula of monthly interest: monthly interest = loan amount × monthly interest rate;

Calculation formula of annual interest rate: annual interest rate = monthly interest × 12 months.

You can calculate the interest of your own decoration loan according to the formula.

How much is the interest on the renovation loan?

The specific interest rate of decoration loan is actually related to many factors, such as the city where it is located, the bank it chooses and so on. The interest rate of decoration loan products of banks generally fluctuates on the basis of the benchmark interest rate of the central bank, and different banks set interest according to this system. The annual interest rate of the loan term is about 5.6% for less than one year and about 6% for one to five years. If the loan term exceeds five years, the required interest is about 6. 15%.

How many years can I borrow a decoration loan?

I. Detailed Rules for Decoration Loan of China Construction Bank

1. Loan target: 18 to 60 years old China citizens with full civil capacity;

2. Loan amount: the starting point of the loan is RMB 5,000 (including RMB 5,000), and the maximum is RMB 654.38+RMB 500,000 (including RMB 654.38+RMB 500,000);

3. Loan term: the shortest half year and the longest not exceeding 5 years (including 5 years);

4. Loan interest rate: the loan interest rate for the same period stipulated by the People's Bank of China shall apply;

5. Guarantee method: pledge, mortgage and qualified third-party natural person guarantee recognized by CCB.

Two. ICBC Decoration Loan Rules

1, with urban permanent residence or valid residence status;

2. Have a stable occupation and income, good credit, and the ability to repay the loan principal and interest on schedule;

3. Take the assets recognized by the bank as collateral or pledge, or take the units or individuals with sufficient compensatory capacity as guarantors to repay the loan principal and interest and bear joint and several liabilities;

4. There is a house renovation contract, decoration budget and related materials signed with the decoration enterprise approved by the competent department;

5, with no less than 50% of the total decoration budget of its own funds, and before the use of loans into the project construction;

6. Loan term: the longest loan term shall not exceed 10 year (including 5 years);

7. Other conditions stipulated by the bank.

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What's the interest rate for the renovation loan?

Interest varies from bank to bank and from time to time. The following is for reference only. Please consult the bank for specific suggestions.

1. Short-term loans from six months to one year are: 1. 180 days (inclusive) 5.6%; 2. 180 days to 365 days (inclusive) 6%.

Two, from one year to five years, the focus of medium and long-term loan interest rates is:

1, one to three years (inclusive) 6.15%;

2, three to five years (inclusive) 6.4%;

3, more than five years 6.55%.

How to apply for a loan for lack of money in house decoration

To apply for a personal housing renovation loan, the borrower should be a natural person with full civil capacity. In addition, the borrower shall meet the following conditions:

First, it has a permanent residence in the town or a valid residence status;

Second, the borrower has a housing property certificate or a certificate issued by the housing property unit that the borrower has the right to use the house; If the property right of the house you want to decorate is your own, you must have a property certificate. If it is a unit house, you need to prove that you have the right to use it.

Third, it has a stable occupation and income, good credit and the ability to repay the principal and interest of the loan on time. "