1. How to calculate the loan interest of the bank?
Bank loan refers to an economic behavior that banks lend funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit. Generally, you need a guarantee, a house mortgage, proof of income and good personal credit information before you can apply. Moreover, in different countries and different development periods of a country, the types of loans classified according to various standards are also different. For example, industrial and commercial loans in the United States mainly include ordinary loan limits, working capital loans, standby loan commitments, and project loans. In Britain, industrial and commercial loans mostly take the form of discounted bills, credit accounts and overdraft accounts. Calculation method of bank loan interest:
1, and the loan time is within 1 year (inclusive): interest = principal × loan time × 4.35%;
2. Loan time 1 -5 years (including 5 years): interest = principal × loan time × 4.75%;
3. The loan time is more than 5 years: interest = principal × loan time ×4.9%.
Second, how to calculate the interest on bank loans to buy a house?
(1) is calculated by repayment method.
1, equal principal and interest method
Calculation formula: monthly repayment amount = principal * monthly interest rate *[( 1+ monthly interest rate) n/[( 1+ monthly interest rate) n-1]; Where n represents the number of months of loan, and n represents the power of n, such as 240, representing the power of 240 (20 years and 240 months of loan); Monthly interest rate = annual interest rate/12; Total interest = monthly repayment amount * loan months-principal; After calculation, the monthly repayment amount is 5343.38 yuan (the same every month). The total repayment amount is128241.20 yuan, and the total interest amount is 58241.20 yuan.
2. The law of average capital
Calculation formula: monthly repayment amount = principal /n+ remaining principal * monthly interest rate; Total interest = principal * monthly interest rate * (loan months/2+0.5); After calculation, the repayment amount in the first month is 6883.33 yuan (decreasing month by month, and the repayment amount in the last month is 2933.438+09 yuan). The total repayment amount is 1 177983.33 yuan, and the total interest amount is 477983.33 yuan.
3. Free repayment
Free repayment means that when you apply for a housing provident fund loan, the housing provident fund management party gives a repayment amount according to the amount and duration of your loan. In the future, on the premise that the monthly repayment amount is not lower than this repayment amount, you can freely arrange the repayment method of the monthly repayment amount according to your own economic situation.
(B) the method of determining the loan interest
1, provident fund loan
The interest rate of provident fund loans is 3.25%, and everyone likes low interest rates. However, the provident fund loan process is complex and the loan time is long, which will be restricted by many developers. In addition, it is very important that the amount of provident fund loans is limited.
2. Portfolio loan
Portfolio loan refers to the simultaneous use of provident fund loans and commercial loans. Part of the provident fund loan is implemented according to the interest rate of the provident fund loan, and part of the commercial loan is implemented according to the interest rate of the commercial loan. The interest rate of portfolio loans is higher than provident fund loans, but lower than commercial loans.
3. Commercial loans
Commercial loans are loans based on the benchmark interest rate issued by banks, and banks will fluctuate, with concessions and increases. This kind of loan is more common, but the disadvantage is that the loan interest rate is higher. The general commercial loan interest rate is 4.9%.
Third, the bank loan approval process
1, loan application
(1) Basic information of the borrower and guarantor;
(2) the financial report of the previous year approved by the financial department or accounting (auditing) firm, and the financial report of the previous period of applying for a loan;
(3) the correction of the original unreasonable loan;
(4) List of collateral and pledge, the consent certificate of the person who has the right to dispose of the collateral and pledge, and the relevant certificates that the guarantor intends to agree to guarantee;
(5) Project proposal and feasibility report;
(six) other relevant materials that the credit cooperatives think need to be provided;
2. Credit rating evaluation, in which credit cooperatives evaluate the credit rating of borrowers;
3, loan investigation, credit cooperatives to investigate the borrower's legitimacy, safety, profitability and so on;
4, loan approval, credit cooperatives according to the loan management system of loan separation and grading approval for loan approval;
5. Sign a contract, and the credit cooperative signs a loan contract with the borrower;
6, loans, credit cooperatives in accordance with the provisions of the loan contract loans;
7. Post-loan inspection: the credit cooperative conducts follow-up investigation and inspection on the borrower's performance of the loan contract and operation;
8. Loan repayment. When the loan expires, the borrower will repay the loan principal and interest in full and on time.