First year: 1000 1/26%=?
Second year: (1000 first year interest) 500 1/26%=?
Just add them together in turn.
Formula: sum of principal and interest over the years; Loan this year 1/2 interest rate =?
1/2 indicates that the loan timing is considered in the middle of the year. You have to understand?
Second, how to calculate the loan interest?
Hello, if you need to handle our loan business, please calculate the monthly payment according to the repayment method you chose at that time. The following is the calculation formula of repayment method for your reference.
1. The formula for calculating the monthly repayment amount of equal repayment is as follows:
Among them, monthly interest payment = residual principal × monthly loan interest rate;
Monthly repayment of principal = monthly repayment of principal and interest-monthly payment of interest.
2. The formula for calculating the monthly repayment amount of the average capital repayment method is as follows:
Among them, monthly repayment of principal = loan amount/repayment months;
Monthly interest payment = (principal-accumulated principal repayment) × monthly interest rate.
3. The repayment method of principal at maturity refers to the repayment method that the borrower repays the loan principal in one lump sum on the loan maturity date. The method of repayment of principal at maturity is applicable to loans with a term of 1 year (inclusive).
1. There are two repayment methods: monthly interest repayment method and interest repayment method.
2. Repaying the principal and interest on a monthly basis means repaying the loan principal in one lump sum on the maturity date of the loan, with daily interest and monthly interest settlement.
3. The method of repayment of principal and interest at maturity refers to one-time repayment of loan principal and interest on the maturity date of the loan. The repayment of principal and interest at maturity is only applicable to individuals and individual foreclosed loans in the integrated business processing system.
Below is a link to our loan calculator. Please try it:/cmbwebpubinfo/cal _ loan _ per.aspx? chnl=dkjsq
3. How is the bank's loan interest calculated?
1. Monthly interest rate: month = annual interest rate ÷ 12 (month).
2. Daily interest rate: The daily interest rate is called the daily interest rate, and the interest rate calculated by taking the day as the interest-bearing period = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days).
3. Annual interest rate: usually in the form of percentage of principal, interest is calculated annually. Its calculation method is principal ÷ time×100%.
4. Annualized interest rate: refers to the interest rate at which the inherent rate of return of products is discounted to the whole year, which is quite different from the calculation method of annual interest rate. Suppose the yield of a wealth management product is a year, and the yield is b, annualized-1.
5. Calculation formula of equal principal and interest: [loan principal × monthly interest rate× (1interest rate) repayment months] ÷ repayment months [( 1 interest rate) repayment months-1]
6. Average fund calculation formula: monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
Bank loan refers to an economic behavior that the bank repays at a certain interest rate within a specified period according to national policies. General admission certificate and good personal credit information can be applied.
Moreover, in different countries and different development periods of a country, the types of loans classified according to various standards are also different. For example, industrial and commercial loans in the United States mainly include ordinary loan quotas, working capital loans, standby loan commitments, and project loans. In Britain, most industrial and commercial loans take the form of overdraft accounts.
According to different classification standards, there are different types of bank loans. For example:
1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans;
2. According to different repayment methods, it can be divided into demand loans, term loans and overdrafts;
3. According to the purpose or object of the loan, it can be divided into industrial and commercial loans and securities broker loans.
4. According to the different loan guarantee conditions, it can be divided into bill discount loans and credit loans.
5. Loans and retail loans;
6. According to the different ways of interest rate agreement and loan.
Short-term loans are 1 year loans. Short-term loans-liquidity demand.
The currencies of short-term loans include RMB and convertible currencies. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period.
The loan interest rate is based on the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate. According to the nature, currency, use and method of loans, foreign exchange loan interest rates are divided into floating interest rates and fixed interest rates. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. Overdue loans will be punished according to regulations.
The advantage of short-term loans is that the interest rate is relatively low, and the disadvantage of funds is that they cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.