Abstract: How to reasonably determine loan prices under the condition of borrowers moral hazardis a difficult problem for both the theoretical andpractical circles.This paper considers the impact of borrowers re payment willingness on commercial bank loan pricing,integrates repayment willingness into the structural model of credit risk pricing and establishes the commercial bank loan pricing model under capital supervi sion.The results show that the larger the ratio of loans to banks supervision capital is or the higher the bank deposits interest rates are,the higher the loan prices are;the weaker repayment willingness the firms have,the higher the loan prices offered by banks are.Conversely,the stronger repayment willingness the firms have,the lower the loan prices offered by banks are.

Key words: repayment willingness, capital supervision, loan pricing