Current location - Loan Platform Complete Network - Bank loan - My family has a loan of 400,000 yuan and it will be repaid in 20 years. How much do I have to repay each month? How much do I have to repay in total? at current interest rates
My family has a loan of 400,000 yuan and it will be repaid in 20 years. How much do I have to repay each month? How much do I have to repay in total? at current interest rates

Based on the current commercial loan benchmark interest rate of 6.55 for more than five years,

Monthly repayment = 400000*6.55/12/(1-(1 6.55/12)^(-20 *12))=2994.08 yuan

Total repayment amount=2994.08*20*12=718579.2 yuan

I hope the above answers are helpful to you.