Calculation formula of equal principal repayment:
1, monthly payment = (loan principal ÷ repayment months) (loan principal-accumulated repaid principal) × monthly interest rate.
2. Monthly repayable principal = loan principal ÷ repayment months.
3. Monthly interest payable = residual principal × monthly interest rate = (loan principal-accumulated amount of repaid principal) × monthly interest rate.
4. Declining monthly payment = monthly payable principal × monthly interest rate = loan principal ÷ repayment months × monthly interest rate.
5. Total interest = [(total loans ÷ repayment months × monthly interest rate) total loans ÷ repayment months ×(65438+ 10 monthly interest rate)] ÷ 2 × repayment months-total loans.
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Repayment method
1. Equal repayment of principal and interest: that is, the sum of loan principal and interest is repaid by equal monthly repayment. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same;
2. average capital Repayment Method: A repayment method in which the borrower repays the loan in every installment (month) and pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month;
3. Pay interest and repay the principal on a monthly basis: that is, the borrower repays the loan principal in one lump sum on the loan maturity date [loans with a term of less than one year (including one year)], and the loan bears interest on a daily basis, and the interest is repaid on a monthly basis;
4. Repay part of the loan in advance: that is, the borrower can repay part of the loan amount in advance when applying to the bank, and the general amount is an integer multiple of 65,438+0,000 or 65,438+0,000. After repayment, the lending bank will issue a new repayment plan, and the repayment amount and repayment period will change, but the repayment method will remain unchanged, and the new repayment period shall not exceed the original loan period.
Loan calculation formula
Interest rate = interest/principal/time × 100%
For example: deposit 100 yuan,
The bank promised to pay an annual interest rate of 4.2%
Then the bank will pay 4.2 yuan interest in the second year.
The calculation formula is 100×4.2%=4.2 yuan.
The formula is: interest rate = interest ÷ principal ÷ time × 100%.
Interest = principal × interest rate× time
= 100×4.2%=4.2 yuan.
The final withdrawal 104.2= 104.2 yuan.
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Matters needing attention
1. When applying for a loan, the borrower makes a correct judgment on his repayment ability. Design a repayment plan according to your income level, leaving room for it and not affecting your normal life.
2. Choose the appropriate repayment method. There are two repayment methods: equal repayment and equal principal repayment. Once the repayment method is agreed in the contract, it shall not be changed during the whole loan period.
3. Repay on time every month to avoid penalty interest. From the month following the initiation of the loan, the lending time of the next month is usually the repayment date. Don't default on the penalty interest because of your negligence, so that the bank can't approve the loan application again.
4. Take care of your contract and receipt, read the terms of the contract carefully, and know your rights and obligations.
Calculation formula of bank loan
Calculation formula of bank loan: daily interest rate (0/000)= annual interest rate (%)247360 = monthly interest rate (‰)24730 = annual interest rate (%)247 12. One-time repayment of principal and interest at maturity: One-time repayment of principal and interest at maturity means that the borrower does not repay the principal and interest on a monthly basis during the loan period, but returns the principal at one time after the loan expires. If the loan term is less than one year (including one year), the principal and interest will often be repaid at one time, and the interest will be paid off together with the principal. The calculation formula of one-time repayment of principal and interest: principal and interest payable = loan principal 2 15[ 1 annual interest rate (%)]. Interest calculation of matching principal and interest repayment method: matching principal and interest repayment method means that the borrower repays the loan principal and interest at the same amount every month, with a large proportion of interest repayment in the early stage of the loan, a small proportion of principal, and a large proportion of principal repayment in the later stage of the loan. The characteristic of equal principal and interest repayment method is that the principal increases month by month, the interest decreases month by month and the monthly repayment amount remains unchanged. Calculation formula of monthly repayment amount: a [I (1I) n]/[(1I) n-1] (Note: a loan principal I loan monthly interest rate n loan month).
Legal basis: Interim Measures for Personal Loans
Article 11
To apply for a personal loan, the following conditions shall be met: (1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state; (2) The purpose of the loan is clear and legal; (3) The amount, duration and currency of the loan application are reasonable; (4) The borrower has the willingness and ability to repay; (5) The borrower's credit status is good and there is no significant bad credit record; (6) Other conditions required by the lender.
What is the loan calculation formula?
The loan calculation formula is: interest = principal × interest rate × deposit period.
1. If the interest-bearing period is a whole year (month), the interest-bearing formula is: interest = principal × years (months) × years (months) interest rate.
2. If the interest-bearing period has a whole year (month) and odd days, the interest-bearing formula is: interest = principal × year (month) × year (month) interest rate principal × odd days × daily interest rate.
Loan terms:
1, at least 18 years old, with full capacity for civil conduct and valid residence certificate and identity certificate.
2, have a stable legal income and proof, have the ability to repay interest.
3. When the loan business needs a down payment, it has the ability to pay the full down payment.
4. If the personal loan amount is large, the collateral conditions required by the bank shall be met.
If you apply for a credit loan, you need to have a good reputation.
6. Other conditions meeting the requirements of the bank.