Monthly repayment amount = (total loan ÷ repayment period) ×( 1 repayment period× interest rate)
According to the above formula, the monthly repayment amount of a five-year loan120,000 ÷ 60 = 2000 2000× (160× 0.06) = 20095.6 yuan, and the monthly repayment amount is 20095.6 yuan.
How much mortgage can I get after buying a car10.2 million years?
After buying a car for 654.38+0.2 million, you can get a mortgage loan of about 80,000-90,000. Data show that the automobile mortgage rate is usually around 70-80%. There are two main services in automobile mortgage: 1 and GPS mortgage service (no parking). The loan company impounds the motor vehicle registration certificate, but not the motor vehicle. The customer will continue to use the vehicle. Usually, loan companies will install GPS on motor vehicles. 2. Transfer of mortgage service (mortgage). The customer's motor vehicle needs to go through the mortgage registration formalities, and then the motor vehicle is stored in the storage place designated by the loan company. The applicant applies to the lending institution, and the applicant conducts an investigation according to the applicant's materials to evaluate the value of the vehicle. Lending institutions customize the loan amount according to the lender's information and handle relevant procedures.
1.2 million, how much is the down payment and monthly payment for buying a car?
In addition to the down payment, there are other fees: insurance, purchase tax, licensing fees, handling fees, etc. Of course, if you choose a bank loan, there is no handling fee. Generally, for loans with a down payment of 6,543,800 yuan, the handling fee is 3,000 yuan to 4,000 yuan.
120,000 vehicles purchased in the 4s shop, the insurance cost is about 6,000 yuan, the purchase tax is about 8,500 yuan, and the license fee is 350 yuan. If consumers have good credit information and can repay on time, the general annual interest rate is 5%, but most of them fluctuate between 4% and 7%.
List of car purchase expenses
Total interest =96000x5%x3= 14400 yuan.
Car loan = 96,000 yuan
Handling fee =3000 yuan
Insurance premium =6000 yuan
Purchase tax =8500 yuan
Registration fee =350 yuan.
Monthly payment = (14400960003006008500350)/36 = 3562.5 yuan.
Car loan 12000 36 interest periods 12000 is it expensive?
Expensive.
Generally speaking, the minimum down payment for auto loans is 20%, and most financial institutions will require borrowers to pay down 30%. 1.5 million yuan car, the down payment is generally between 30,000 and 45,000 yuan.
The calculation of monthly payment needs to know the specific loan interest rate and installment period. Stages are divided into one year (12), one and a half years (18), two years (24) and three years (36). Suppose the borrower's loan interest rate is 4.9%, divided into three years. According to the loan amount1.20 thousand yuan, the annual loan interest is 2280 yuan, which is not cheap.