Current location - Loan Platform Complete Network - Bank loan - Please help me. Thank you. Bank of China loaned 360,000 equal principal repayment. How much do I need to pay back every month for 20 years?
Please help me. Thank you. Bank of China loaned 360,000 equal principal repayment. How much do I need to pay back every month for 20 years?
Hello, if calculated according to the latest commercial loan interest rate of 5.90%:

Average capital repayment method:

The total loan is 360,000.00 yuan.

Number of repayment months: 240 months

The repayment in the first month is 3,270.00 yuan.

Decreasing monthly: 7.38 yuan

Total interest paid is RMB 265,438+03,285.00.

The total principal and interest is 573,285.00 yuan.

If you want to calculate other interest rates, you can also calculate them yourself through the loan calculator on Good Loan Online, hoping to help you.