First of all, answer directly.
For the mortgage with equal principal and interest repayment method, the calculation formula of monthly repayment amount is: monthly repayment amount (principal interest) = [loan principal × monthly interest rate ×( 1 interest rate )× repayment months ]⊙[( 1 interest rate )× repayment months].
Second, the specific analysis
This can ensure that the monthly repayment amount is consistent throughout the repayment period.
Of course, although the monthly repayment amount is the same, the proportion of principal and interest is constantly changing.
At the initial stage of repayment, interest accounts for a relatively large proportion. With the continuous repayment, the interest is almost the same. In the later period of repayment, the principal accounts for a larger proportion.
It should be noted that, since the interest is usually calculated from the loan date to the first repayment date in the first month of mortgage, it is usually calculated according to the actual number of days, not according to the natural month, so the repayment amount of mortgage in the first month may be different from that after that.
In short, as long as the amount shown on the bill sent by the handling bank is repaid every month.
If the average capital method is used to repay the mortgage, it is to repay the same amount of principal and interest generated by the remaining loan at the same cost as the total loan within the same month.
Quickly check in the north, get a big data report, find out your overdue records, and classify your online loans, formal and informal, with credit and without credit. If you want to pay back the money but don't have enough funds, then negotiate with the online lending platform, give priority to formal credit reporting, and minimize the impact on yourself.
3. How long does it take to wait for the loan to be approved?
When the mortgage is approved, it will wait for the bank to lend money. General loan funds will arrive in one to two months.
Sometimes the bank is short of funds or delayed, which may take longer, about three to four months to receive the loan funds.
Sometimes there are many people waiting in line for loans, and there is a phenomenon of waiting for loans, which even takes longer. It's been half a year since I applied for mortgage repayment.
For example, at the end of the year, due to the shortage of bank funds at the end of the year, the bank settled at the end of the year, and it was difficult to get loans before the year. Many of them waited until the end of the new year and early next year.
Of course, banks usually send information notices when loans arrive. If they haven't received the news for a long time, and the mortgage has been in the process of lending, they can take the initiative to call the bank customer service and ask the other party to lend as soon as possible.
In order to prevent real estate developers from not receiving the house payment all the time, they should also explain the situation to the developers, and the two sides should negotiate well to avoid unnecessary.
How to calculate the monthly loan from the bank?
1. Monthly interest rate: interest calculated on a monthly basis. The calculation method is: monthly interest rate = annual interest rate ÷ 12 (month).
2. Daily interest rate: The daily interest rate is called the daily interest rate and is calculated on a daily basis. The calculation method is: daily interest rate = 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. Calculation method: annual interest rate = interest ÷ 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. Assuming that the yield of a wealth management product is one year and the yield is B, the annualized interest rate R is calculated as R=( 1B)A- 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. Calculation formula of average fund: monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
Extended information:
Bank loan refers to an economic behavior in which banks lend funds to people in need at a certain interest rate according to national policies and agree to return them within a specified time limit. Generally, you need a guarantee, a house mortgage, or proof of income, and your personal credit information is good before you can apply.
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, industrial and commercial loans are mostly in the form of discounted bills, credit accounts and 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, agricultural loans, consumer loans and securities broker loans.
4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.
5. According to the loan amount, it can be divided into wholesale loans and retail loans;
6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on.
Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation.
The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. 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 determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, as well as the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. 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 advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it 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.
How to calculate the individual's monthly loan repayment?
If you borrow from China Merchants Bank, the specific monthly payment depends on your loan execution interest rate, amount, term and repayment method. You can try the monthly payment through China Merchants Bank official website or mobile banking, and the trial results are for reference only.
Mobile banking: log in to mobile banking and click My-All-Assistant-Financial Calculator-Loan Calculator;
China Merchants Bank Home Page: Central Financial Instrument-Personal Loan Calculator.
Enter the loan amount, annual interest rate, loan term, repayment method and other information, and try to calculate the monthly loan amount and interest.