We usually repay the loan in the following ways: pay the interest first, then the principal, that is, pay the interest first, then the principal. This is our most common loan method. The second type: paying the principal first and then the interest, which means paying the principal first and then the interest after the loan. The third type: average capital, which means to repay the interest generated by average capital and the remaining loans this month every month. The advantage of this method is that the interest expenditure is relatively small, and generally it will be less and less. The disadvantage is that the monthly repayment amount is gradually decreasing, so the early repayment amount is relatively high and the pressure is greater. Suitable for families with relatively high income. The fourth type: matching principal and interest, that is, the monthly repayment amount (including principal and interest) is the same. The advantage of this method is that the borrower can master the monthly repayment amount and arrange his family's income and expenditure in a planned way, which is more convenient and easy. The disadvantage is that the total interest cost is relatively high, which is suitable for customers with stable income, customers with little change in expected income, and customers who buy a house and live in it. Finally, one-time repayment of principal and interest means that the audience will repay all the principal and interest at one time on the last repayment date.
How to calculate loan interest: equal principal and interest calculation. Matching principal and interest refers to a repayment method of housing loan, that is, the same amount of loan (including principal and interest) is repaid every month during the repayment period. The calculation formula of monthly repayment amount is as follows: 1, [loan principal× monthly interest rate× (1+monthly interest rate )× repayment months ]↓[( 1+ monthly interest rate )× repayment months]. For example, suppose that the borrower obtains a personal housing loan of 200,000 yuan from the bank, with a loan term of 20 years and a monthly interest rate of 4.2%, and pays the principal and interest every month. According to the above formula, the sum of monthly principal and interest payable is 1324.33 yuan. The above results only give the sum of the principal and interest payable each month, so it is necessary to decompose this sum of principal and interest. 2. Based on the above example, one month is the first installment, the balance of the first installment is 200,000 yuan, and the interest payable is 840.00 yuan (200,000× 4.2 ‰), so only 484.33 yuan can be repaid, and the bank loan is still owed 1995 15.67 yuan; The interest payable in the second phase is 837.97 yuan (1995 15.67×4.2‰), the principal is returned to 486.37 yuan, and the bank loan is still 199029.30 yuan, and so on. Of course, the interest generated by choosing different repayment methods is also different. If the principal is repaid in equal amount, it means that during the repayment period, the total amount of loans will be divided equally, and the same amount of principal and the interest generated by the remaining loans in that month will be repaid every month. Then the calculation method of interest is: (loan principal ÷ repayment months)+(principal-accumulated repaid principal) × monthly interest rate. The difference between the billing date of China Merchants Bank and the repayment date is 18 days, and the repayment date of China Merchants Bank's credit card is 18 days after the billing date. For example, if the cardholder's billing date is the third day of each month, then the repayment date is the second1day of each month.
The billing date of China Merchants Bank Credit Card can be set by itself, which can be set as 5th, 7th, 10, 12, 15, 17, 22nd and 25th of each month. You can modify the settings through the customer service phone of China Merchants Bank credit card.
The billing date and repayment date of different bank credit cards are different:
1, bill date of China Bank: There are 28 credit card bills of China Bank, namely 1-28. Repayment date: 20 days after the bill date is the due repayment date.
2. Billing date of Guangfa Bank: The billing date rules of Guangfa Bank's credit cards are quite special. The billing date is the cardholder's birthday and cannot be changed once confirmed. Repayment date: the last repayment date is the 20th/26th day after the bill date.
3. ICBC billing date: ICBC credit card billing date is fixed at the end of each month, that is, 30 or 3 1, and cannot be changed. Repayment date: the repayment date is also fixed, which is the 25th of the following month.
4. Bookkeeping days of China Construction Bank: At present, the available bookkeeping days include 2, 5, 7, 10, 12, 13, 15, 17, 19, 22 and 22 every month. Repayment date: the last repayment date is 20 days after the bill date.
5. Billing date of Bank of Communications: The monthly billing date of Bank of Communications credit card is generated by the system, and the user has only one opportunity to modify it within the validity period. Repayment date: the due repayment date is the 25th day (inclusive) from the bookkeeping date.
6. Bill date of CITIC Bank: the bill date of CITIC Bank's credit card is generated automatically and randomly. Optional range: 1 -20 Repayment date: the last repayment date is 20 days later than the bill date.
7. Billing date of Minsheng Bank: The billing date of Minsheng Bank is 1, 3, 6, 9, 13, 16, 2 1, 26 and 28 every month, and it can be changed once every natural year. Repayment date: the last repayment date is the 20th day after the bill date.
8. Billing date of Industrial Bank: The optional billing date of Industrial Bank's credit card includes 2nd, 4th, 8th, 1 1 3, 18, 2 1 and 23rd of each month, and the "Billing Date" can be changed once every six months. Repayment date: the last repayment date is the 20th day from the bookkeeping date.