Current location - Loan Platform Complete Network - Bank loan - What's the interest on the 60,000 used car loan?
What's the interest on the 60,000 used car loan?
Interest needs to be determined according to specific circumstances, such as the following:

1. If the annual interest rate of the loan is 5%, the interest generated by the loan for 60,000 years is 60,000 * 3 * 5% = 9,000 yuan.

2. Loan 60,000 yuan to buy a car, divided into 36 installments, that is, a three-year term, and the annual interest rate is usually around 5%. A total of 90,000 yuan was repaid. Monthly payment 19 166 yuan.

3. Take the 3-year interest rate of a 60,000 car loan as an example, assuming that the loan interest rate of 1-3 years (including 3 years) announced by the People's Bank of China is 75%, then the 3-year interest rate of an ordinary loan is = 60,000 * 75% * 3 = 8,550 yuan.