If the loan principal is 6,543.8+0,000 yuan and the term is 10 year, the repayment method of principal and interest will be equal according to the benchmark annual interest rate of the People's Bank of China for loans over five years, with the monthly payment of 10557.74 and the total repayment amount of 126928.75.
If the loan is repaid on a monthly basis, there are two repayment methods:
One is equal principal and interest, and the other is equal principal repayment. If you choose different repayment methods, the interest generated will be different.
Calculation formula of equal principal and interest:
[loan principal × monthly interest rate ×(65438+ 10 monthly interest rate) repayment months ]=[(65438+ 10 monthly interest rate) repayment months-1]
Average capital calculation formula:
Monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate (in which the symbol represents power).
Extended data:
The loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when they issue loans.
It is mainly divided into three categories: the loan interest rate of the central bank to commercial banks; The loan interest rate of commercial banks to customers; Interbank lending rate
The decisive factors of bank loan interest are:
① Bank cost. Any economic activity needs cost-benefit comparison.
There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business.
② Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest. (3) the supply and demand of borrowing money and funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa.
In addition, the loan interest rate must also consider price changes, securities returns, political factors and so on.
However, some scholars believe that the upper limit of interest rate should be the marginal rate of return of funds.
The factor that restricts the interest rate is regarded as the comparison between the profit growth rate of enterprises after borrowing bank loans and the loan interest rate.
As long as the former is not lower than the latter, it is possible for enterprises to borrow money from banks.
Precautions:
1. When applying for a loan, the borrower makes a correct judgment on his repayment ability.
Design a repayment plan according to your income level, leaving room appropriately, without affecting your normal life.
2. Choose the appropriate repayment method.
There are two repayment methods: equal repayment method and equal principal repayment method. Once the repayment method is agreed in the contract, it shall not be changed during the whole loan period.
3. Repay on time every month to avoid penalty interest.
From the month after the loan is initiated, it is generally the repayment date of the next month. Don't cause liquidated damages because of your negligence, so that banks can't apply for loans again.
4. Take good care of your contracts and IOUs, read the terms of the contracts carefully, and know your rights and obligations.
Floating range:
(1) The floating range of the loan interest rate of commercial banks is 0.9 of the benchmark interest rate, with no upper limit;
(2) The floating range of the loan interest rate of credit cooperatives, the upper limit of 2.3 times of the loan interest rate of rural credit cooperatives shall be abolished, and the loan interest rate for customers shall be determined independently by rural credit cooperatives according to commercial principles.
(3) The maximum interest rate of private lending shall not exceed 4 times of the benchmark interest rate. Excess interest is not supported when generating loan.
What's the interest rate of one million bank loans for one year and one day?
What's the interest rate of one million bank loans for one year and one day?
When applying for a loan, the materials that the lender needs to prepare are divided into the following categories:
1, personal identification: ID card, residence permit, household registration book, marriage certificate and other materials;
2. Provide proof of stable income source: bank flow sheet, labor contract, etc.
3. Provide stable proof of address: such as house lease contract, water and electricity bill, property management and other relevant certificates;
4. Other information stipulated by the bank.
How much interest can a million dollars be deposited in the bank for a year?
According to the current one-year bank deposit interest rate, the annual income of 6.5438+0 million yuan in the bank is about 2.65438+0 million yuan.
/kloc-how much interest does it cost to deposit 0/100,000 yuan in the bank for one year?
Hello, I'm Yu Zi from the support group. I'm glad to answer your question. If you deposit for one year, the interest is:10000003.5%1= 35,000 yuan (thirty-five thousand), even if you don't handle the deposit business, it's still a current account! The interest is 1000000.5% 1 = 5000 yuan (five thousand). I hope my answer can help you. I wish you a happy shopping! ~ If you think it is helpful to you, please adopt it with five stars. Thank you!
What's the interest on a bank loan1100,000?
If you want to calculate the monthly information for reference, please open the following link:: cmbchina. /cmbwebpubinfo/cal _ loan _ per . aspx？ Chnl=dkjsq tries to use the benchmark interest rate of the current loan to try monthly payment.
If your city has China Merchants Bank, you can try to apply for a loan through China Merchants Bank. The loan interest rate needs to be comprehensively priced according to the business type, credit status, guarantee method and other factors you apply for, and can only be determined after being approved by the handling outlets.
The bank lends 500 thousand a year. What are the benefits?
On April 6th, the latest benchmark loan interest rate of 20 1 1 was announced.
Interest rate item annual interest rate (%)
I. Short-term loans
Six months (inclusive) 5.85%
Six months to one year (inclusive) 6.3 1%
Second, medium and long-term loans
One to three years (inclusive) 6.40%
Three to five years (inclusive) 6.65%
More than five years, 6.80%
Annual interest rate = 500,000× 6.31%= 31550 yuan.
What should be the interest of one million yuan deposited in the Agricultural Bank of China for one year?
Calculated at a fixed interest rate of 3.3% per year.
1003.3%
= 33 thousand.
How much is the interest on the bank loan?
Hello, at present, the benchmark loan interest rate announced by the bank is 4.35% for 0-6 months (including June), 4.35% for June-1 year (including 1 year), 4.75% for 1-5 years (including 5 years) and 4.75% for 5-30 years (including 5 years). Please refer to the above answers provided by Ronglian Ye Wei.
There are many kinds of loans. Here are a few examples to illustrate the process of handling loans, which are basically the same.
For more loan information, please search the little finger for details.
Loan process:
1. Apply for a loan from the bank;
2. After the bank accepts it, the customer submits a copy of the warrant of the collateral, and the bank evaluates the value of the collateral and verifies the loan amount according to the evaluated value;
3. Sign a loan contract, etc. (The customer opens a current deposit account in the bank);
4. Handling mortgage registration matters;
5. Bank loans _
The personal finance department of each bank will tell you the specific materials and other conditions that need to be provided for the loan.
If you are going to apply for a personal housing loan at China Merchants Bank, the actual loan interest rate you can apply for is comprehensively priced by the handling bank in combination with relevant national policies, business types, personal solvency, credit status, guarantee methods and other factors, and can only be determined after approval.
If you want to know the current benchmark annual interest rate of loans, you can go to the home page of China Merchants Bank and click "Loan Interest Rate" on the right.
How much is the interest on Ping An Bank's loan of one million yuan?
The loan interest rates in different areas of Ping An Bank are not uniform, so it is more reliable and powerful to directly consult the loan account manager or customer service of Ping An Bank ~
Agricultural Bank of China mortgage loan 1 10,000, with high annual interest.
The loan interest of Agricultural Bank of China1100,000 yuan is 43,500 yuan. According to relevant information, the loan from Agricultural Bank of China is 6,543,800 yuan, and the monthly interest rate is 6,543,800 yuan+0,000 x the monthly interest rate of the loan is 43,500 yuan.
1100000, how much interest is the loan?
The annual loan interest of 1 ten thousand is:1000004.31%= 4310 yuan.
The current one-year loan interest rate is 5.3 1% per annum. According to the comprehensive evaluation of loan purpose/lender's credit status/mortgage guarantee, the bank will make some floating on the basis of the benchmark interest rate, which is calculated here.
The calculation of bank loan interest is monthly compound interest, with an annual interest rate of 4.3 1% and a monthly interest rate of 4.31%12, so the loan interest is1000004.31%= 4365438.
Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease. There are three factors that determine loan interest: loan amount, loan term and loan interest rate.
What are the factors that arouse interest?
Delayed consumption:
Lenders lend money, which is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer current goods to future goods, so there will be positive interest rates in the free market.
Expected inflation:
Inflation will occur in most economies, representing a certain amount of money, and fewer goods can be purchased in the future than now. So the borrower needs to compensate the lender for the losses during this period.
Alternative investment:
Lenders can choose to invest their money in other investments. Due to the opportunity cost, the lender lends money, which is equivalent to giving up the possible return on other investments. Borrowers need to compete with other investments for this fund.
Investment risk:
Borrowers are at risk of bankruptcy, absconding or default at any time, and lenders need to charge extra fees to ensure that they can still get compensation under these circumstances.
Liquidity preference:
People will prefer that their funds or resources can be traded immediately at any time instead of spending time or money to get them back. Interest rate is also a kind of compensation for this.
As the use price of funds, interest plays a very important role in the operation of market economy, mainly in the following aspects:
Functions that affect enterprise behavior:
As the occupation cost of an enterprise, interest directly affects the economic benefits of the enterprise. In order to reduce costs and improve efficiency, enterprises should do everything possible to reduce the amount of funds, and at the same time compare the costs of various financing methods in the process of financing. If enterprises in the whole society regard saving interest expenses as a common behavior mode, then the efficiency of economic growth will certainly be improved.
Functions that affect residents' asset selection behavior;
With the increasing real income level and savings rate of Chinese residents, asset selection behavior has emerged. The increase of financial instruments provides an objective basis for residents' asset selection behavior, and interest income is the main incentive for residents' asset selection behavior.
What is the annual interest of bank loan1100,000?
The current one-year loan interest rate is 5.3 1% per annum. According to the comprehensive evaluation of loan purpose/lender's credit status/mortgage guarantee, the bank will make some floating on the basis of the benchmark interest rate, which is calculated here. The calculation of bank loan interest is monthly compound interest, with an annual interest rate of 5.3 1% and a monthly interest rate of 5.3 1%12, so the loan interest of1ten thousand years is:
1000000 (15.31%12)12-1000000 = 54411.
The People's Bank of China decided to lower the benchmark interest rates of RMB loans and deposits of financial institutions from 20 15124, to further reduce the social financing costs. Among them, the benchmark interest rate for one-year loans of financial institutions was lowered by 0.25 percentage points to 4.35%; The benchmark interest rate for one-year deposits was lowered by 0.25 percentage point to 1.5%.
The benchmark interest rates of other loans and deposits and the lending rates of the People's Bank of China to financial institutions are adjusted accordingly; The interest rate of individual housing provident fund loans remains unchanged. At the same time, commercial banks and rural cooperative financial institutions are no longer allowed to set a floating ceiling on deposit interest rates, improve the formation and regulation mechanism of interest rate marketization, strengthen the regulation and supervision of the interest rate system by the central bank, and improve the transmission efficiency of monetary policy.
Extended data
The General Rules for Loans stipulates that:
1. Determination of loan interest rate: The lender determines the interest rate of each loan according to the upper and lower limits of loan interest rate stipulated by the People's Bank of China, and specifies it in the loan contract;
Two. Collection of loan interest: Lenders and borrowers shall collect or pay interest on schedule in accordance with the loan contract and relevant interest-bearing provisions of the People's Bank of China. When the loan extension period plus the original term reaches the new interest rate grade, it will be charged at the new term grade interest rate from the date of extension. Penalty interest is charged for overdue loans according to regulations.
3. Loan interest subsidy: According to the national policy, in order to promote the economic development of certain industries and regions, the relevant departments may subsidize the loan interest. Loans subsidized by relevant departments shall be independently examined and issued by the undertaking bank, and strictly managed in accordance with the relevant provisions of the General Rules for Loans.
Four. Suspension, interest and interest loan: Except as stipulated by the State Council, no unit or individual has the right to decide suspension, interest and interest. The Lender shall, according to the decision of the State Council, specifically handle the cessation, interest reduction and interest-free according to the scope of duties and authority.