The current commercial loan interest rate is 6.65% for five years or less and 6.80% for more than five years. There are two repayment methods, and the calculation method is as follows:

1. Borrow 300,000 yuan with a term of 65,438+00 years and an interest rate of 6.80%;

1. Equal principal and interest method: the monthly repayment amount is 3452.438+0 yuan (the same every month). The total repayment principal and interest is 4 14289. 19 yuan, of which interest 1 14289. 19 yuan.

2. Average capital method: the repayment amount in the first month is 4,200.00 yuan (it will decrease month by month, and the amount in the last month is 25 14. 17 yuan). The total repayment principal and interest is 402,850.00 yuan, of which interest is 65,438+065,438+0489,38+09 yuan.

Compared with the above two methods, the average capital method is less than the equal principal and interest method 1 1439.6438+09 yuan.

The specific repayment method can be selected when the bank handles the loan procedures.

Two. Borrow 300,000 yuan with a term of 5 years and an interest rate of 6.65%;

1, equal principal and interest method: the monthly repayment amount is 5890.95 yuan (the same every month). The repayment principal and interest totaled 353,456.72 yuan, of which interest was 53,456.72 yuan.

2. Average capital method: the repayment amount in the first month is 6662.50 yuan (it will decrease month by month, and the repayment amount in the last month is 5027.438+0 yuan. The total repayment principal and interest is 350,706.25 yuan, of which interest is 50,706.25 yuan.

Compared with the above two methods, the average capital method is 2750.47 yuan less than the equal principal and interest method.

As for early repayment, after one year of normal repayment, you can apply for early repayment, and you can settle it in part or in whole in advance.