The repayment method of decoration loan is equal principal and interest, which means that the principal and interest paid every month are fixed, and the interest will not decrease with the decrease of loan principal. Its calculation method is:
Monthly interest = loan amount × monthly interest rate
Annual interest rate = loan amount× monthly interest rate×12
Suppose the monthly interest rate of the decoration loan applied for is 0.25%, and the loan is 654.38+10,000 yuan, depending on the interest.
Monthly interest = loan amount × monthly interest rate = 65438+ million× 0.25% = 250 yuan;
Annual interest = monthly interest ×1February = 250×12 = 3,000 yuan.
Therefore, when the monthly interest rate is 0.25%, the loan is 6,543,800 yuan, the monthly interest rate is 250 yuan, and the annual interest rate is 3,000 yuan. 8,000.com thinks this interest is quite cost-effective.
The interest rate of decoration loan is not high, usually about 0.25% per month and 5.64% per annum.
The repayment method of decoration loan is equal principal and interest, which means that the principal and interest paid every month are fixed, and the interest will not decrease with the decrease of loan principal. Its calculation method is:
Monthly interest = loan amount × monthly interest rate
Annual interest rate = loan amount× monthly interest rate×12
Suppose the monthly interest rate of the decoration loan applied for is 0.25%, and the loan is 654.38+10,000 yuan, depending on the interest.
Monthly interest = loan amount × monthly interest rate = 65438+ million× 0.25% = 250 yuan;
Annual interest = monthly interest ×1February = 250×12 = 3,000 yuan.
Therefore, when the monthly interest rate is 0.25%, the loan is 6,543,800 yuan, the monthly interest rate is 250 yuan, and the annual interest rate is 3,000 yuan. 8,000.com thinks this interest is quite cost-effective.