What is 1.56% in Basis Points?

1.56% equals 156 basis points

Percentage Based on Basis Points
Basis Points Based on Percentage
Basis Points
Convert 1.56% to Basis Points
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 1.56% to basis points, use the following formula: 1.56 x 100 = 156 basis points.
Real World Example
Let's say that interest rates are currently 1.56%. However, they are set to increase by 25 basis points. The new interest rate will be 1.81%.