The principal is the borrower's loan amount, such as 500,000,800,000.
Interest is the price that the borrower must pay when using monetary funds.
Interest (or total principal and interest) only includes principal and interest.
2. Is the loan balance the principal plus interest? You'll understand after reading it.
Loan balance generally refers to the total amount of loans to be repaid. Many people may only know that it is not clear which part of the loan balance includes the amount and interest. Only by defining the specific reference object can we make it completely clear, so let's take a look.
1. Is the loan balance the principal plus interest?
breakdown
1, the loan is free of interest.
2 principal.
3. The loan will not be fully settled before the loan balance is 0.
two
Suppose the loan is 1, then the annual interest rate is:
1, monthly repayment amount = yuan;
2. Repayment principal in the first month = yuan, repayment interest = yuan,
Loan balance = yuan;
3. The repayment principal of the next month is = yuan, and the repayment interest is = yuan.
Loan balance = yuan;
With the repayment of the loan principal, the loan balance in the last repayment month of each month is 0, and the loan is settled.
The injection law is that the monthly repayment principal increases month by month, and the monthly repayment interest decreases month by month, which is also small. Therefore, after five or six years of prepayment, many people find that there may be a lot of loan balance left, and it seems that it has not decreased much. That's the reason.
The above is about "Is the loan balance the principal plus interest?" I hope I can help you. 3. Is the loan principal balance the interest and principal of the loan term?
It is also the principal of the loan 2 1 10,000.
If you repay 20,000 yuan in advance, the bank will recalculate your loan, that is, calculate the monthly interest and repayment amount according to your loan of 6,543,800 yuan+0.9 million yuan. If you use the equal principal and interest repayment method, I think it is more appropriate for you to plan to repay in advance within five years. A few years ago, the interest ratio of the equal principal and interest repayment method was very high, so if you repay it now, you will feel that you have repaid all the interest, which is actually calculated according to the loan amount. I don't know how many years you've brought it, but it's more cost-effective to advance it. If you have any questions, you can leave me a message and tell me the detailed loan term and amount, and I will help you make a suitable repayment plan. I am a loan officer in a bank, and I do housing loans. 4. Is the loan principal balance the interest and principal of the loan term?
Monthly interest = one month × loan residual principal × loan interest rate ÷ 12 months.
There are two ways to calculate the monthly principal of a loan:
1, principal method = total loan ÷ loan months; In which the number of loan months = years × 12.
2. The calculation of principal and interest method is a bit complicated.
As a customer, there is no need to know this thing like a bank professional, because there are many experts in computer accounting now. If there is an error of 0.0 1 yuan, it is a big deal. Just as Sister Hong Huang said: Eat an egg and call it the hen that laid the egg.