1. 2016 Commercial Loan Calculator

House Loan Interest Rate Calculation

1. Basic Formula for Calculating Interest The basic formula for calculating interest on savings deposits is: Interest =Principal×Deposit period×Interest rate

2. Interest rate conversion The conversion relationship between annual interest rate, monthly interest rate and daily interest rate is: year and month) = daily interest rate × 360 (day); monthly interest rate = Annual interest rate ÷ 12 (months) = daily interest rate × 30 (days); daily interest rate = annual interest rate ÷ 360 (days) = monthly interest rate ÷ 30 (days). The interest rate used should be consistent with the deposit period.

3. Starting point for calculating interest 1. The starting point for calculating interest on savings deposits is RMB. 2. The interest amount is calculated to the nearest cent, and the actual payment will be rounded up. In addition to the annual settlement of savings that can transfer interest to the principal for interest accrual, all other savings deposits, regardless of the deposit period, will be settled on

4. Calculation of deposit period 1. Calculate the deposit period by counting the beginning and not the end. 2. Regardless of whether it is a big month, a small month or an ordinary month, the whole year is calculated as 360 days. 3. If the account opening date of various deposits is a missing date in the expiration month, the end of the expiry month will be the expiration date.

5. Calculation of interest on savings deposits The interest rates on savings deposits shall comply with the interest rates announced by the People's Bank of China. Savings in the original currency shall be carried out and payment shall be calculated in RMB in the original currency). Compare the interest accrual regulations and calculation methods

2. What is the interest rate of the judgment bank for the same period?

Generally speaking, the judgment on the People's Bank of China's loan interest rate for the same period is calculated based on the benchmark interest rate for bank loans for the same period announced by the People's Bank of China.

The interest calculation period is one year, calculated based on the one-year bank loan benchmark interest rate; the interest calculation period is three years, calculated based on the three-year benchmark interest rate. If the interest rate changes, the interest rate before the change will be calculated based on the previous interest rate, and the interest rate after the change will be calculated based on the subsequent interest rate.

3. Mortgage Calculator How much is a 276,000 loan in 2016?

The Agricultural Bank of China’s interest rate for five years and above is 49,276,000 yuan and for ten years it is 349,672.25 yuan. The monthly repayment is 2,913.94 yuan

Commercial loans and provident fund loans are the two preferred ways to buy a house. Compared with provident fund loans, commercial loans have a slightly higher expected annual interest rate, but the loan period is longer. , which reduces the pressure on consumers. Do you know how the amount of commercial housing loans is calculated? Housing commercial loan repayment methods: 1. The equal principal and interest repayment method means that the borrower repays the loan principal and interest in equal amounts every month, also known as the equal amount method. Its characteristic is that the monthly repayment of principal and interest is the same, making it easy to make budgets, and the initial repayment pressure is reduced. However, the initial interest accounts for the majority of the monthly repayment. The proportion of principal in the repayment gradually increases, and the proportion of interest gradually increases. decrease to achieve relative balance. The interest paid by this repayment method is high, but the early repayment pressure is not high. 2. The equal principal repayment method means that the borrower repays the principal in equal installments every month. The loan interest decreases with the principal every month, and the repayment amount also decreases every month, so it is also called the decreasing method. Its characteristic is that the principal repayment is the same every month, and the interest is calculated daily based on the loan principal amount. The initial repayment amount is larger, and the monthly repayment amount gradually decreases. This type of repayment method has low interest rates, but the early repayment pressure is high. Explanation of the maximum amount of provident fund loans in 2016: (For specific regulations, please refer to the documents of the local housing authority) Beijing: The maximum loan amount for municipal provident fund loans is 1.2 million yuan, and the maximum loan amount for state-administered provident fund loans is 1.2 million yuan. Shanghai: The maximum loan limit for provident fund loans for individuals is 600,000 yuan, and the maximum loan amount for families is 1.20 million yuan. Guangzhou: The maximum provident fund loan for individuals is 600,000 yuan, and the maximum loan for couples is 1.2 million yuan. Chengdu: The provident fund loan for individuals and families is up to 600,000 yuan. The provident fund loan limit in Chengdu is 30 times the individual's deposit balance