What is 1050 Basis Points as a Percentage?

1050 basis points equals 10.5%

Percentage Based on Basis Points
Basis Points Based on Percentage
Basis Points
Convert 1050 Basis Points to a Percentage
A basis point is often used with loans and other financial topics. 1 basis point is equal to 1 hundredth of a percent. 1% is equal to 100 basis points.

To convert 1050 basis points to a percentage, use the following formula: 1050 / 100 = 10.5%.
Real World Example
Let's say that interest rates are currently 10.5%. However, they are set to increase by 25 basis points. The new interest rate will be 10.75%.