Operation Steps Enter the loan amount, select the loan term and annual interest rate, and then calculate the first month repayment, monthly decrease, total interest and total principal and interest.
Equal principal repayment: the principal is allocated to each month, and the interest between the last trading day and the repayment date is paid at the same time. Compared with the matching principal and interest, the total interest cost of this repayment method is lower, but the principal and interest paid in the early stage are more, and the repayment burden is reduced month by month.
Calculation formula of average capital loan: monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.