1. The concept is different: the rate refers to the ratio of payment, while the interest rate refers to the ratio of interest to principal in a certain period. 2. There are different charging methods: loan interest rate calculation requires one-time payment, but interest rate calculation is generally paid in installments. 3. The settlement method of prepayment is different: the rate is calculated according to the handling fee. Even if the loan is repaid in advance, the borrower must repay it in one lump sum, but the interest rate is different. If prepayment is made, interest will be settled on the day of prepayment. 4. Different scope of application: the rate is mostly used for the calculation of credit card installment fees, while the interest rate is used for loans.
Calculated according to the prevailing interest rate in the current market. The loan is 654.38 million yuan, with the interest rate of 4%: loan 1 year, interest = 654.38+million * 4% = 4,000 yuan, and monthly repayment = (10000+4,000) = 8,666.66. ? The annual interest rate =7.3%, and the interest rate of 7.3%/ 4% can be derived from the loan amount, monthly payment and term. 1.83。 That is, the interest rate at the same interest rate of 1 year is 1.83 times.
(Photo/Text/Photo: Pacific Auto Network Chen Hanlin)
Million car purchase subsidy