The calculation method of bank loan interest is mainly determined by the repayment method of people. People's repayment methods are different, and the calculation methods of bank loan interest are also different. Generally speaking, there are two ways for bank repayment.
One, two kinds of bank loan interest rate calculation method:
1. The first method is equal repayment of principal and interest. The specific calculation formula is: monthly repayment amount = (loan principal interest)/repayment period 12. The specific formula is as follows: Suppose the monthly loan interest rate is A, the repayment period is N, and the monthly repayment amount = principal. So bank loan interest = monthly repayment amount-principal, that is, equal principal and interest repayment.
2. The second calculation method is the average capital repayment method. This method means that the principal of repayment is the same every month. In addition to the monthly principal, the interest on the loan amount from the previous trading day to the current trading day will also be repaid on the same day of each repayment. As time goes on, the total amount of repayment will be less and less. The calculation method of total interest is: suppose the monthly interest rate of the loan is A, the repayment period is N, and the total interest of the bank loan = principal a( 12n/20.5).
Two, according to different classification standards, there are many types of bank loans.
1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans;
2. According to different repayment methods, it can be divided into demand loans, term loans and overdrafts;
3. According to the different purposes or objects of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans and securities broker loans. ;
4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.
5. According to the loan scale, it can be divided into wholesale loans and retail loans;
6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on.
Third, the classification of loans.
(1) Self-operated loans, entrusted loans and special loans
Self-operated loan refers to a loan independently issued by the lender with funds raised in a legal way. The risk is borne by the lender, and the principal and interest are recovered by the lender. Entrusted loan refers to the loan provided by the government departments, enterprises, institutions, individuals and other principals, and issued, supervised and recovered by the lender (i.e. the trustee) according to the loan object, purpose, amount, term and interest rate determined by the principal. The lender (trustee) only charges the handling fee and does not bear the loan risk. Specific loans refer to loans granted by wholly state-owned commercial banks with the approval of the State Council after taking corresponding remedial measures for the losses that may be caused by loans.
(2) Short-term loans, medium-term loans and long-term loans
Short-term loans refer to loans with a loan term of less than one year (including one year). Medium-term loans refer to loans with a loan term of more than one year (excluding one year) to less than five years (including five years). Long-term loans refer to loans with a loan term of more than five years (excluding five years).
How to calculate the loan interest rate
1. Monthly interest rate: interest calculated on a monthly basis. The calculation method is: monthly interest rate = annual interest rate ÷ 12 (month).
2. Daily interest rate: The daily interest rate is called the daily interest rate and is calculated on a daily basis. The calculation method is: daily interest rate = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days).
3. Annual interest rate: usually in the form of percentage of principal, interest is calculated annually. Calculation method: annual interest rate = interest ÷ principal ÷ time × 100%.
4. Annualized interest rate: refers to the interest rate at which the inherent rate of return of products is discounted to the whole year, which is quite different from the calculation method of annual interest rate. Assuming that the yield of a wealth management product is one year and the yield is B, the annualized interest rate R is calculated as R=( 1B)A- 1.
5. Calculation formula of equal principal and interest: [loan principal × monthly interest rate× (1interest rate) repayment months] ÷ repayment months [( 1 interest rate) repayment months-1]
6. Calculation formula of average fund: monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
Extended information:
Bank loan refers to an economic behavior in which banks lend funds to people in need at a certain interest rate according to national policies and agree to return them within a specified time limit. Generally, you need a guarantee, a house mortgage, or proof of income, and your personal credit information is good before you can apply.
Moreover, in different countries and different development periods of a country, the types of loans classified according to various standards are also different. For example, industrial and commercial loans in the United States mainly include ordinary loan quotas, working capital loans, standby loan commitments, and project loans. In Britain, industrial and commercial loans are mostly in the form of discounted bills, credit accounts and overdraft accounts.
According to different classification standards, there are different types of bank loans. For example:
1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans;
2. According to different repayment methods, it can be divided into demand loans, term loans and overdrafts;
3. According to the purpose or object of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans and securities broker loans.
4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.
5. According to the loan amount, it can be divided into wholesale loans and retail loans;
6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on.
Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation.
The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period.
The loan interest rate is determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, as well as the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. Overdue loans will be punished according to regulations.
The advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.
How to calculate the loan interest rate?
The calculation formula of loan interest is loan interest = principal x time x interest rate.
Loan interest refers to the reward that the lender gets from the borrower for issuing monetary funds, and it is also the price that the borrower must pay for using the funds.
Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China.
If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease.
There are three factors that determine loan interest: loan amount, loan term and loan interest rate.
How to calculate the interest formula of loan interest rate
Now loans have become more and more popular, because it allows people to spend in advance and repay in installments later, greatly reducing the economic burden. In this process, only some loan costs need to be properly paid, and the amount of this loan cost needs to be calculated by the loan interest rate. So, what is the formula for calculating the loan interest rate? Let's take a look together.
I. Calculation formula of loan interest rate
1, daily interest rate = monthly interest rate /30 days = annual interest rate /360 days;
2. Monthly interest rate = daily interest rate for 30 days = annual interest rate/12 months;
3. Annual interest rate = monthly interest rate 12 months = daily interest rate of 360 days;
4. Interest = loan principal loan interest rate loan term;
5. Under the average capital method, interest = the loan interest rate of the remaining principal to be repaid;
6. Under the equal principal and interest method,
Monthly interest = the monthly interest rate of the remaining loan principal.
Monthly repayment amount = [loan principal × monthly interest rate ×( 1 interest rate) repayment months ]≤[( 1 interest rate) repayment months-1],
If the repayment period is 6 and the monthly interest rate is 1%, then (11%) 6 =1.01.0165438.
Second, for example.
Assuming that the loan principal is 6000 yuan, the loan term is 6 months, and the monthly interest rate is 1%, then:
1, average capital model
Monthly repayment amount =6000/6= 1000 yuan,
The first month loan interest =6000 1%=60 yuan;
The loan interest of the next month = (6000-1000)1%= 50 yuan;
Third month interest =(6000-2000) 1%=40 yuan;
The fourth month interest =(6000-3000) 1%=30 yuan;
The fifth month interest =(6000-4000) 1%=20 yuan;
Interest of the 6th month = (6000-5000)1%=10 yuan.
2. Under the equal principal and interest method
Monthly repayment amount = (60001%1.06)/(1.06-1) =1035.29 yuan,
The first month loan interest =6000 1%=60 yuan, and the remaining loan principal = 6000-(1035.29-60) = 5024.71yuan;
The loan interest of the next month is 5024.711%= 50.25 yuan, and the remaining loan principal is 5024.71-(1035.29-50.25) = 4039.67 yuan;
Conversely, the interest of the sixth month = 10.25 yuan.
The above is about the "loan interest rate calculation formula", I hope it can help you.