Normally calculated according to the annual interest rate of the People's Bank of China, the interest is 1 185.94 yuan. If you borrow from a bank, the interest rate is usually around 6%-8%, and the annual interest of 50,000 yuan is 3,000-4,000 yuan; If it is a private loan, the monthly interest is usually around 1 to 2 cents, and the interest for the first year of 50,000 yuan is 6000- 12000 yuan; If you accidentally encounter an online routine loan, the annual interest may be 1.8 million, or even higher.

I. Loan interest rates of six major banks:

1, Industrial and Commercial Bank of China

ICBC, the interest rate of short-term loans (within six months, including six months) is 4.35%; The loan interest rate for half a year to one year (including one year) is 4.35%. The loan interest rate for one year to three years (including three years) 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 less than five years (including five years) is 2.75%; The loan interest rate for more than five years is 3.25%.

2. Agricultural Bank of China

The short-term loan interest rate of ABC (within six months, including six months) is 4.35%; The loan interest rate for one year to five years (including five years) is 4.75%, and the loan interest rate for more than five years is 4.9%. For individual housing provident fund loans, the loan interest rate for five years and below is 2.75%, and the loan interest rate for five years and above is 3.25%.

3. China People's Bank

The loan interest rate of China Mingren Bank is 4.35% within one year (including one year), 4.75% for one to five years (including five years) and 4.9% for loans over five years. For individual housing provident fund loans, the loan interest rate for five years and below is 2.75%, and the loan interest rate for five years and above is 3.25%.