Formula: loan amount = monthly repayment amount 1-( 1 monthly interest rate)-repayment months/monthly interest rate.
300000 = 3239.4438+0-( 1 interest rate)-120/ monthly interest rate.
Monthly interest rate =0.449 17%
Annual interest rate =5.38999%
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Total repayment = 388,735.20 yuan
Total interest = 88,735.20 yuan
2. What is the annual interest of the loan of 300,000 yuan from the rural credit cooperatives?
Legal analysis: If the average bank loan interest is 6 months, it is1750,000, and if it is 12 months, it is about 23,000 yuan.
Legal basis: Provisions of the Supreme People on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases.
Article 27 The borrower and the borrower shall pay the interest certificate after settling the principal and interest of the previous loan. If the previous interest rate does not exceed four times the interest rate, the newly issued debt certificate will bear the subsequent loan principal. The excess interest shall not be recognized as the future loan principal.
According to the calculation in the preceding paragraph, the sum of the principal and interest payable by the borrower after the expiration of the loan term exceeds the whole calculated by four times the initial loan principal and the market quoted interest rate, and the people will not support it.
Article 28 If the borrower and the lender have an agreement on the overdue interest rate, it shall be implemented in accordance with the agreement, but it shall not exceed four times the quoted interest rate of the one-year loan market at the time of the establishment of the contract.
If the overdue interest rate is not agreed or clearly agreed, the people
(a) because the interest rate during the loan period is not agreed, the lender claims that the borrower shall bear the liability for breach of contract for overdue repayment with reference to the interest calculated by a certain standard at that time from the date of overdue repayment, and the people will support it;
(2) The interest rate during the loan period was agreed, but the overdue interest rate was not agreed, and the interest during the occupation period was paid according to the interest rate during the loan period from the date of repayment.
Article 29 The borrower and the borrower have agreed on the overdue interest rate, and the defaulting borrower can choose to claim overdue interest, liquidated damages or other expenses, or both, but some people who exceed the quoted interest rate of the one-year loan market when the contract is established will not support it.
3. What is the annual interest of the loan of 300,000 yuan from the rural credit cooperatives?
The annual interest on a loan of 300,000 yuan from a rural credit cooperative is 23,000 yuan. The average interest on bank loans is about 6.5%, which means that the interest for one month is 1750. If it is calculated by 300,000 yuan 12 months, it is about 23,000 yuan.
4. How to calculate the interest on the loan of 300,000 yuan from rural credit cooperatives?
This question depends on the loan interest rate of your rural credit cooperative. For example, the current interest rate of mortgage and secured loans here is 7.30 1.3 ‰. If calculated according to this interest rate level, the annual interest of 300,000 yuan is about 26,300 yuan. The calculation formula of loan interest is: interest = principal × monthly interest rate (‰)÷30÷ 1000× days.