The calculation formulas of the two repayment methods are as follows:
1. Calculation formula of equal repayment:
Monthly repayment of principal and interest = [monthly interest rate of principal (65438+ 10 interest rate) ∧ loan months ]/[(65438+ 10 interest rate) ∧ loan months-1]
(Note: The number of loan months is an index of (1 month interest rate))
2. Calculation formula of equal principal repayment:
Monthly principal and interest repayment amount = (principal/repayment months) (principal _ accumulated repaid principal) monthly interest rate.
Bank loan refers to an economic behavior that banks lend funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit. Generally, you need a guarantee, a house mortgage, proof of income and good personal credit information 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 limits, working capital loans, standby loan commitments, and project loans. In Britain, industrial and commercial loans mostly take the form of discounted bills, credit accounts and overdraft accounts.
Basic features:
1. Because the monthly repayment amount is equal, in the initial monthly repayment of the loan, the loan principal will be less after excluding the interest settled every month; In the later stage of the loan, due to the continuous reduction of the loan principal, the loan interest is continuously reduced in the monthly repayment amount, and the monthly repayment of the loan principal is more.
2. This repayment method actually takes up more bank loans and takes longer. At the same time, it is convenient for borrowers to arrange their monthly life and financial management (such as renting a house), which is undoubtedly the best choice for those who are proficient in investment and are good at "taking Qian Shengqian as their home"!
The difference between equal principal and interest and average capital:
1. The repayment method of equal principal is to repay the principal in equal amount every month, and then calculate the interest according to the remaining principal. Therefore, due to the large amount of principal at the beginning, more interest will be paid, so that the initial repayment amount will be more, and then it will be reduced every month in the subsequent period. The advantage of this method is that the interest expense will be reduced due to the large repayment amount at the beginning, which is more suitable for families with strong repayment ability.
2. Matching principal and interest repayment method is to repay the same amount of loans (including principal and interest) every month during the repayment period, so that because the monthly repayment amount is fixed, the expenditure of family income can be controlled in a planned way, and it is also convenient for each family to determine the repayment ability according to their own income.
About the calculation formula of repayment?
There are two payment methods for mortgage: equal principal and interest and average capital. The specific formula is as follows: equal principal and interest: [loan principal × monthly interest rate× (1monthly interest rate) repayment months ]=[( 1 monthly interest rate) repayment months-1] average principal: monthly repayment amount = (loan principal/repayment months). Two months is quadratic.
Calculation formula of loan repayment period
1, loan interest during construction period = (accumulated loan principal at the beginning of the year /2) annual interest rate;
2. Loan interest in production period = (accumulated loan principal at the beginning of the year-repayment this year /2) annual interest rate;
3. Annual interest rate for paying off the loan = (accumulated loan principal at the beginning of the year /2) annual interest rate.
The above is the calculation formula of repayment period.
Loan repayment period information
The loan repayment period can fully reflect the repayment ability of a construction project, and at the same time, it can also reflect the economic benefits of this construction project in a specific period, and the gains and losses are clear at a glance. According to the relevant regulations of the state, different enterprises have different repayment periods. Except for heavy industrial enterprises, which have a long repayment period and can be paid off within fifteen years, all other enterprises must pay off within ten years. However, for small and scattered projects, the repayment period is allowed to be short, and the longest period cannot exceed five years. The loan repayment period in China is to repay the loan principal and the interest needed for project construction with the funds obtained after the formal production and operation of investment projects under the restrictions of relevant laws and regulations. In order to calculate the loan repayment period, it is necessary to know the loan amount and the annual repayment ability of the project, and then calculate the annual interest and accumulated loan funds through the corresponding formula. There are many calculation formulas involved, which need to be used reasonably by users according to their own conditions.
Calculation formula of monthly repayment amount
The monthly repayment amount of loan repayment is calculated as follows:
I. Calculation formula of equal repayment:
Monthly repayment of principal and interest = [monthly interest rate of principal (65438+ 10 interest rate) ∧ loan months ]/[(65438+ 10 interest rate) ∧ loan months-1].
(Note: The number of loan months is an index of (1 month interest rate))
Two. Calculation formula of equal principal repayment:
Monthly principal and interest repayment amount = (principal/repayment months) (principal _ accumulated repaid principal) monthly interest rate.
Three, according to the provisions of the tax law, the calculation method of property tax has the following two kinds:
(1) Calculate the residual value after deducting 30% from the original value of the property at one time. The calculation formula is: annual tax payable = original book value of real estate ×( 1-30%)× 1.2%.
(2) According to the rental income, the calculation formula is: annual tax payable = annual rental income × applicable tax rate (2%).
Different repayment methods have different calculation methods. Individuals can analyze which method is more cost-effective according to the specific loan method.
Characteristics of the equal principal and interest repayment method: Compared with the average capital repayment method, the disadvantage is that interest is more. In the initial repayment period, interest accounts for most of the monthly contributions. With the gradual repayment of the principal, the proportion of the principal in the contributions increases. However, the monthly repayment amount of this method is fixed, which can control the expenditure of family income in a planned way and facilitate each family to determine the repayment ability according to their own income.
Characteristics of repayment mode of average capital: Due to the fixed monthly repayment amount of principal and less and less interest, the lender is under great repayment pressure at first, but with the passage of time, the monthly repayment amount is less and less.
First, the advantages and disadvantages of average capital
The average capital loan uses a simple interest rate method to calculate interest. At the settlement time of each repayment, only the remaining principal (loan balance) is calculated, that is to say, the outstanding loan interest is not calculated together with the outstanding loan balance, only the principal is calculated.
Second, the advantages and disadvantages of matching principal and interest
The loan with equal principal and interest is calculated according to compound interest. At the settlement time of each repayment, the interest generated by the remaining principal will be calculated together with the remaining principal (loan balance), that is to say, the outstanding interest will also be calculated, which seems to be more severe than "rolling interest". In foreign countries, it is recognized as a loan method suitable for the interests of lenders.
How to calculate the monthly repayment amount of loan repayment? What is the formula?
The calculation formulas of the two repayment methods are as follows:
1, calculation formula of equal repayment:
Monthly repayment of principal and interest = [monthly interest rate of principal (65438+ 10 interest rate) ∧ loan months ]/[(65438+ 10 interest rate) ∧ loan months-1]
(Note: The number of loan months is an index of (1 month interest rate))
2. Calculation formula of equal principal repayment:
Monthly principal and interest repayment amount = (principal/repayment months) (principal _ accumulated repaid principal) monthly interest rate.
Extended data
General characteristics
1, because the monthly repayment amount is equal, the loan principal will be less in the monthly repayment at the initial stage of the loan after excluding the interest settled every month; In the later stage of the loan, due to the continuous reduction of the loan principal, the loan interest is continuously reduced in the monthly repayment amount, and the monthly repayment of the loan principal is more.
2. This repayment method actually takes up more bank loans and takes longer. At the same time, it is convenient for borrowers to reasonably arrange their monthly life and financial management (such as renting a house). ), this is undoubtedly the best choice for those who are proficient in investment and good at "making money with money"!
The difference between equal principal and interest and average capital
1, average capital repayment method is to repay the principal in equal amount every month, and then calculate the interest according to the remaining principal, so at the beginning, because there is more principal, you will pay more interest, so the repayment amount will be more at the beginning, and then it will decrease every month in the following time. The advantage of this method is that because the repayment amount is large at the beginning, the interest expense is reduced, which is more suitable for families with strong repayment ability.
2. Matching principal and interest repayment method is to repay the same amount of loans (including principal and interest) every month during the repayment period, so that because the monthly repayment amount is fixed, the expenditure of family income can be controlled in a planned way, and it is also convenient for each family to determine the repayment ability according to their own income.
Reference: Baidu Encyclopedia-Equal principal and interest repayment