How many months is 36 periods?

Generally speaking, 36 periods refers to 36 months, which is 3 years. It often appears in the loan process. If divided according to the loan period, 36 periods belong to the category of medium-term loans. In small loans such as car loans, many borrowers will use this loan term.

The term of the loan is related to the borrower’s loan cost (interest expense) and the amount of each repayment. Therefore, when users choose the loan term, they must choose the one that suits them based on their actual situation. Loan term to avoid overdue payments.

Loan notes: 1. Consult in advance. Before taking out a loan, borrowers are advised to consult with the lending financial institution. Inquire in detail about the materials required for the loan, the repayment period, the interest rate of the loan, etc., and be prepared for your loan.

2. Submission of information must be complete. When users submit loan information, they must be complete. In order to avoid being rejected by financial institutions due to lack of information, users also need to pay attention to this aspect.

3. Repay the loan on time. Once a financial institution makes a loan, the borrower must repay it on time according to the loan contract and avoid overdue payments. Otherwise, it may have a negative impact on an individual's credit. How long is a 36-term loan?

A 36-term loan is usually 36 months. The number of loan periods is determined based on the number of repayment periods. Usually the loan is repaid once a month, that is, one month is A repayment cycle.

According to Article 11 of the "General Rules of Loans", the loan period. The loan term is determined by both parties after mutual negotiation based on the borrower's production and operation cycle, repayment ability and the lender's capital supply capacity, and is stated in the loan contract. The maximum term of a self-operated loan shall generally not exceed 10 years. If it exceeds 10 years, it must be reported to the People's Bank of China for filing. The discount period for bill discounting shall not exceed 6 months at most, and the discount period shall be from the discount date to the bill maturity date.

Article 14 Calculation and collection of loan interest. The lender and the borrower shall calculate or pay interest on a regular basis in accordance with the loan contract and the relevant interest calculation regulations of the People's Bank of China. When the extension period of the loan plus the original period reaches the new interest rate grade, the loan interest will be calculated and collected based on the new term grade interest rate from the date of extension. Overdue loans will be charged penalty interest in accordance with regulations.

Extended information:

Article 32 of the "General Rules of Loans" Loan Return. The borrower shall repay the loan principal and interest in full and on time in accordance with the loan contract. The lender shall send a notice of principal and interest repayment to the borrower one week before the expiration of a short-term loan and one month before the expiration of a medium- and long-term loan; the borrower shall prepare funds in a timely manner and repay the principal and interest on schedule.

Lenders must promptly issue collection notices for overdue loans and do a good job in collecting the principal and interest of overdue loans. If the loan cannot be repaid within the time limit stipulated in the loan contract, the lender shall impose penalties and interest in accordance with regulations; if the loan cannot be repaid or cannot implement the repayment of principal and interest, it shall urge the repayment or prosecute in accordance with the law. The borrower must negotiate with the lender to repay the loan early. How long is the 36th period?

The 36th period is 36 months. Banks and financial institutions are accustomed to using the period as a unit to indicate the loan and repayment period. One period is one month. The length of the loan term is directly proportional to the loan interest. The longer the term, the more interest the lender has to bear. Assume that Xiao Xi applies for a 50,000 yuan loan from a bank with an annual interest rate of 7.2 and a term of 36 periods, which is 3 years. Then, the interest that Xiao Xi has to bear is: 50,000*7.2*3=10,800 yuan.

1. The main features of installment payment:

1. Pre-deposit of cash is not encouraged. Spend first and repay later. Enjoy an interest-free repayment period and can repay in installments independently (there is a minimum repayment amount), join the international credit card organization so that it can be used globally. It is one of the fastest growing financial services today and is an electronic currency that can replace traditional cash circulation to a certain extent.

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using their credit cards. It is a high-tech product that integrates financial services and computer technology.

3. It can reduce the use of cash currency. It can provide settlement services to facilitate shopping and consumption and enhance a sense of security. It can simplify the collection procedures and save social labor. It can promote product sales and stimulate social demand.

2. Installment repayment method

The interest in each period is calculated based on the initial principal, and the interest in each period is not included in the principal of the next period. Simple interest repayment methods are divided into equal principal repayment methods and equal principal and interest repayment methods.

(1) Equal-amount principal repayment method (referred to as the equal-amount method): Also known as the decreasing method, because the home buyer repays the same loan principal every month, and each time the loan is repaid, the next loan interest will increase. As the principal decreases, the principal and interest repayment of the loan decreases period by period. The monthly principal of this method is the same, with the highest repayment amount in the first month and decreasing monthly thereafter.

(2) Equal-amount principal and interest repayment method (referred to as the equal-amount principal and interest method): The total monthly principal plus interest is fixed, and the principal and interest of the loan are evenly divided into several equal parts according to the loan term, and the monthly repayment is The total principal and interest are the same.

3. Suggestions for using credit cards:

1. Be clear about the scope of installment payments. Each bank has different approaches to installment payments, except for the products in the credit card installment payment catalog. , some banks have specific requirements on the purchase location and amount. For example, Guangfa Card can apply for installment payment for a single transaction of over 500 yuan, and you must call customer service to register before consumption; while China Merchants Bank can apply for installment payment when making purchases at Gome Electrical Appliances, B&Q, etc.

2. It is important to find out whether the purchase can be paid in installments before shopping. Accurate calculation of handling fees There is no free lunch in the world. Although credit card installment payments are interest-free, handling fees are unavoidable. Choose the most cost-effective credit card Since each bank calculates handling fees differently, after understanding the credit card handling fees, you should choose the most suitable card for your transaction. How many months is a 36-term car loan?

A 36-term car loan is usually 36 months. The number of loan periods is determined based on the number of repayment periods. Usually the loan is repaid once a month, that is, one month It is a repayment cycle

A car loan refers to a loan issued by a lender to a borrower who applies to purchase a car. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loans refers to the ratio of the loan amount to the principal issued by banks to consumers, that is, borrowers, for the purchase of self-use cars (non-profit family cars or commercial vehicles with 7 seats or less (inclusive)). The higher the interest rate, the greater the repayment amount the consumer will have to pay.

Baseline Interest Rate

According to the regulations of the Central Bank, car loans implement the loan benchmark interest rate, but each financial institution can float within a certain range above and below the benchmark interest rate. The car loan period of major banks generally does not exceed 5 years. The interest rate of car loans directly determines the cost of people's loans, and thus becomes an important factor in deciding whether people take loans for consumption.

How to calculate the car loan interest rate

The formula for calculating the monthly car loan payment: A=P(1 i)[(1 i)^n-1]/n^2/i

A: Monthly payment

P: Total payment amount

i: Monthly interest rate (annual interest/12)

n : Total number of months of payment (year × 12)

Loan interest rate

The actual interest rate of the car loan is determined by the bank based on the actual situation of the customer and with reference to the loan benchmark interest rate stipulated by the central bank. , customers with excellent general conditions can enjoy the base interest rate or an increase of about 10%, while ordinary customers need an increase of about 10% from the base interest rate.

The latest bank loan interest rate in 2013: 10-15% higher than the benchmark

Personal loan car purchase business is divided into three types: direct customer loan, indirect customer loan, and credit card car loan. The direct customer type is generally a bank car loan where the customer meets directly for the loan, and the indirect customer type is generally a car finance company car loan where the auto finance company transfers the customer to the customer.

For direct bank car loans, the fees collected are deposit, principal and interest, 3 guarantee fees, etc. The fees for high-quality bank customers will be discounted, but each bank's preferential policies are different.

In addition to paying the above fees, a car loan from a Jianke Auto Finance Company also needs to pay regulatory fees, fleet management fees, and warranty renewal deposits

The other is a credit card car loan. Credit card installment car loan only provides installment payment to bank credit card users. It cannot be applied for under any conditions. There is also an review process. It is difficult for credit card users with bad credit records to apply.