Current location - Loan Platform Complete Network - Bank loan - The loan of Agricultural Bank of China is 6.5438+0.5 million yuan, which will be repaid in 60 installments. What is the loan interest rate of 3.5?
The loan of Agricultural Bank of China is 6.5438+0.5 million yuan, which will be repaid in 60 installments. What is the loan interest rate of 3.5?
Monthly interest rate = annualized interest rate/12

65,438+0,65,438+0.5 million yuan is divided into 60 installments. If calculated according to the annual loan interest rate of LPR4.60%, the total interest is * * 196.72 yuan, and the total repayment is 168,196.72 yuan, which is paid monthly.

2.65,438+0.5 million yuan is divided into 60 installments. If the annual interest rate of the loan is 4.9%, the total interest is * *19429.08 yuan, the total repayment is 169429.08 yuan, and the monthly payment is 2823.82 yuan.