But the two most commonly used are average capital and equal principal and interest.
Most buyers use the repayment method of equal principal and interest, and few people choose the repayment method of average principal. As we all know, under the same loan amount, interest rate and loan life, the total interest of the "average capital repayment method" is less than that of the "equal principal and interest repayment method". Especially when the current interest rate changes obviously, the total interest paid by the average capital repayment method is obviously less than that paid by the equal principal and interest repayment method.
formula
Equal principal and interest repayment method: that is, equal repayment of loan principal and interest every month is also a common repayment method.
Monthly repayment amount = loan principal × monthly interest rate ×( 1+ monthly interest rate) repayment months /( 1+ monthly interest rate) repayment months-1
Average repayment method: repay the loan principal in equal amount every month, and the loan interest decreases with the principal month by month.
Monthly repayment amount = loan principal/months of loan term+(principal-accumulated amount of repaid principal) × monthly interest rate.
For example, Mr. Wang wants to buy a 700,000 house and borrow 500,000 yuan. Under the same loan term, the interest increase brought by the interest rate increase of matching principal and interest repayment method is obviously greater than that brought by the interest rate increase of average capital repayment method. In the same period 10 year, if the interest rate rises from 5.3 1% to 5.5 1%, the repayment interest of equal principal and interest will increase by 5932 yuan, while the average capital will increase by 5042 yuan, and the difference between them will reach 890 yuan. The 25-year term difference between the two is 5297 yuan.
In fact, equal principal and interest repayment method and average capital repayment method have their own characteristics, which are set for different consumers and cannot be simply defined as "good or bad".
Bank loans usually have three repayment methods:
1. Equal repayment 1-30 years (calculated according to the maximum age of 65);
Second, 1-30-year turnover line;
Three. 1 year (the principal and interest will be paid off in one lump sum after one year of loan).
There are several kinds ... but ... I suggest you pay it in installments ... although you pay more ... there is no pressure.
Oh, by the way ... Are you a college student? If it is, you don't have to write this! ! ! ! ! ! ! ! !
The "angel fund" for college students' entrepreneurship is up to 300,000
College students can get 50,000-300,000 yuan of support for starting a business, and even if they fail, they don't need to compensate for the losses. In order to stimulate the entrepreneurial passion of the "favored children", Shencheng established the "angel fund" for college students' entrepreneurship.
All over the world, college students are encouraged to start businesses with loans, and there are many preferential policies ... Hey ... That's how my relatives got it ... opened a small clothing factory ... and the income was ok ... Hehe.
I won't copy the details ... please refer to the following resources ... it's complete ` ~ ~
I wish you success in your career.