Based on the latest three-year annual loan interest rate of the central bank, the latest annual loan interest rate of the central bank is 5.25%.
3* 12=36 months
Three-year loan with monthly interest of 65438+200,000.
=( 120000*5.25%*3)÷36
=525 yuan
According to the regulations, the interest rate of ICBC's three-year loan is 4.75%. According to the interest calculation formula (interest = principal × interest rate× time) and the information you provide now, that is, loan amount, interest rate and term, this operation can calculate the interest amount. The specific operation is as follows:
Interest = principal × interest rate× term =120000× 4.75 %× 3 =17100.
In other words, the interest on your last car loan in ICBC is 17 100 yuan.
How much is ICBC's car loan of 270 thousand 3 months
Industrial and Commercial Bank of China has a three-year car loan with an annual interest rate of 6. 15%, an equal principal and interest loan of 270,000 yuan, and a monthly payment of 8,232.29 yuan.
How much is the average car loan interest for 3 years? The formula of automobile loan calculation is illustrated with examples.
; ? At present, most consumers will choose to borrow money to buy a car. For ordinary people, the acceptable repayment amount of a monthly car loan is around 3000-6000. In order to reduce the repayment pressure, we will choose a repayment period of three years. Do you know what the average car loan interest is for three years?
First, list the loan interest rates of various banks:
Bank of China: loan term 1 year, loan interest rate of 4%; 2 years, 8%; 3 years, 12%.
China Construction Bank: 1-3 years (including 3 years), 5.3 1%* years; 3-5 years (including 5 years), 5.4%* years.
China Industrial and Commercial Bank: within 6 months (including 6 months), the car loan interest rate is 5.60%; The car loan interest rate for 6 months to 1 year (including 1 year) is 6.00%; 1-3 years (including 3 years), 6. 15%* years; 3-5 years (including 5 years), 6.40%* years; More than 5 years, 6.55%* years.
There are two main calculation methods of installment interest: equal principal and interest and average principal.
Calculation formula of monthly payment for equal principal and interest repayment method:
Monthly repayment amount = loan principal × monthly interest rate ×( 1+ monthly interest rate) repayment months ]≤[( 1+ monthly interest rate) repayment months-1.
Average capital repayment method monthly payment calculation formula:
Monthly repayment amount = (loan principal ÷ repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.
It's no fun just looking at the data. Let's give an example to illustrate.
For example, I borrowed 6.5438+0.2 million yuan from China Bank, which will be repaid in three years. The annual interest rate of BOC is 12% and the monthly interest rate is 0.33%. We adopt the average capital repayment method with the lowest total interest.
The repayment amount in the first month: (120000 ÷ 36)+(120000-0) x 0.33% = 3729.3 yuan, of which the interest is 396 yuan. Repayment in the second month: (120000 ÷ 36).
..... and so on, the final total interest is 73 19.4 yuan.
When we borrow money to buy a car, we should consult the local bank interest rate first to avoid being cheated in the purchase process.
Why is prepayment of car loan a taboo? Because lending institutions or banks originally wanted to earn some interest, and prepayment is equivalent to disconnecting these interests, and users need to pay a certain penalty. The calculation method of liquidated damages is based on the remaining principal x the percentage of liquidated damages, while the percentage of liquidated damages of banks is generally 5%-8%. If the loan is not paid off within one year, the remaining principal is 1.5 million. If you want to pay it off at one time, you need to pay back 1.2 million.
How much interest does a car loan need for three years?
To calculate the annual interest rate of car loan, you can use this formula: car loan annual interest rate = car loan principal × car loan annual interest rate.
It is generally known that the principal and annual interest rate of car loan can be used to calculate the annual interest of car loan, both of which are stated in the car loan contract. For example, if the car loan principal is 6,543.8+10,000 yuan and the annual interest rate is 8%, the annual interest is equal to the car loan principal × the annual interest rate of the car loan = 654.38+ 10,000 yuan× 8% = 8,000 yuan.
How much is the average car loan interest for 3 years?
First, list the loan interest rates of various banks:
1: Bank of China: loan term 1 year, loan interest rate of 4%; 2 years, 8%; 3 years, 12%.
2. China Construction Bank: 1-3 years (including 3 years), 5.3 1%* years; 3-5 years (including 5 years), 5.4%* years.
3. Industrial and Commercial Bank of China: within 6 months (including 6 months), the car loan interest rate is 5.60%; The car loan interest rate for 6 months to 1 year (including 1 year) is 6.00%; 1-3 years (including 3 years), 6. 15%* years; 3-5 years (including 5 years), 6.40%* years; More than 5 years, 6.55%* years.
There are two main calculation methods of installment interest: equal principal and interest and average principal.
Calculation formula of monthly payment for equal principal and interest repayment method:
Monthly repayment amount = loan principal × monthly interest rate ×( 1+ monthly interest rate) repayment months ]≤[( 1+ monthly interest rate) repayment months-1.
Average capital repayment method monthly payment calculation formula:
Monthly repayment amount = (loan principal ÷ repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.
It's no fun just looking at the data. Let's give an example to illustrate.
For example, I borrowed 6.5438+0.2 million yuan from China Bank, which will be repaid in three years. The annual interest rate of BOC is 12% and the monthly interest rate is 0.33%. We adopt the average capital repayment method with the lowest total interest.
The repayment amount in the first month: (120000 ÷ 36)+(120000-0) x 0.33% = 3729.3 yuan, of which the interest is 396 yuan. Repayment in the second month: (120000 ÷ 36).