According to the meaning of the question, the loan principal is one hundred thousand yuan, that is, 100000 yuan, and the annual interest rate is = 10%.
Taking 1 year equal principal and interest repayment as an example, the demonstration calculation is as follows:
According to the formula, monthly interest rate = annual interest rate/12.
Substituting the data in the question, we can get the formula:
Monthly interest rate = 10%/ 12=0.83%.
Substituting the calculation formula of equal principal and interest repayment method, the following formula can be obtained:
Then the monthly repayment amount = [100000× 0.83 %× (1+0.83%)12] = [(1+0.83%)12-65438.
Extended data:
Matching principal and interest repayment method:
Generally, there are two ways: annual repayment and monthly repayment.
1, annual repayment
Use the balance of the provident fund to offset the loan principal at one time. After the balance of the provident fund is used to offset the principal, the total loan amount and interest are recalculated. The total repayment amount is reduced, the interest is reduced, and the monthly payment is reduced.
For example, I borrowed 200 thousand, and I pay back 2000 every month. After one year, the balance of the provident fund is 1 1,000 yuan. After the offset, the total interest rate is recalculated, and the interest is calculated according to the principal of 20- 1 = 1.900 yuan. After recalculation, I paid back 1.900 yuan every month.
2. Monthly repayment
Use the balance of the provident fund to pay the monthly payment. It can alleviate the short-term financial pressure. But the total repayment amount remains unchanged, the interest remains unchanged, and the monthly payment remains unchanged.
For example, I borrowed 200 thousand, and I pay back 2000 every month. One year later, the balance of the provident fund is 654.38+0,000 yuan. In the next five months, I will pay 2000 yuan from the provident fund every month, and then pay the monthly payment five months later.
3. Preventive measures
If both husband and wife pay the provident fund and meet the conditions, they can repay it together.
If there is a portfolio loan, pay back the part of the provident fund loan first.
There are many preconditions for using provident fund to repay commercial loans. However, due to different regulations in different places, please know the relevant regulations from the local housing provident fund management center in advance.
Baidu Encyclopedia-Equal principal and interest