1. Monthly interest rate: that is, the 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. Average fund calculation formula: 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.
Loan interest calculator 20 17
If you apply for a personal business loan in China Bank, the interest is calculated as follows:
Scheme 1: The RMB loan interest rate announced by the People's Bank of China is the benchmark interest rate, which can fluctuate appropriately according to the customer's situation and loan type. Please consult your local business outlets for details.
Scheme 2: You can search for "Bank of China Weizhong Bank" or "bocebanking" in WeChat official account through Tencent WeChat client, pay attention to and open the location information, and then use Weizhong Bank service to calculate interest.
Click on micro-service-financial tools in Weizhong Bank to find relevant calculation tools, including deposit calculator, loan calculator, investment calculator, exchange rate converter and other calculators (personal income tax).
The above contents are for your reference. Please refer to the actual business regulations.
Bank of China loan interest rate calculator
Please pay attention to the official account of "Bank of China Micro-Banking" WeChat, select the function of "Microfinance-Function Hall-Financial Tools and Information Inquiry-Loan Calculator" in the menu below, and enter the calculation conditions according to the page prompts for inquiry.
The above contents are for your reference. Please refer to the actual business regulations.
How to calculate mortgage calculator
1, average capital
Total interest = (number of periods 1)× total loan × monthly interest rate ÷2,
Monthly payment for each installment = monthly principal payable and monthly interest payable,
Monthly repayable principal = total loan amount, number of installments,
Monthly interest payable = [total loan-monthly principal payable (current period-1)] monthly interest rate,
Monthly interest rate = annual interest rate12 months.
2. Equal principal and interest
Total interest = monthly installment-loan principal,
Monthly repayment amount of each installment = [total loan amount × monthly interest rate ×( 1 interest rate) installment ]=[( 1 interest rate) installment-1],
Where ""stands for power, which is an operation mode in mathematics. For example, 2 12 means that the number 2 needs to be multiplied by 12 times repeatedly. You can do it yourself with a calculator and other tools.
Secondly, an example is given to illustrate the calculation process.
Assuming that the total loan amount is 240,000, the loan term is 20 years, that is, the loan will be repaid in 240 installments, with the annual interest rate of 4.8%, and the principal will be repaid in equal amount, then:
1, monthly interest rate = 4.8%12 months =0.4%,
2. Monthly payable principal = 240,000 ÷ 240 =11,000 yuan,
3. Total interest = (2401) 2400000.4% ÷ 2 =115680 yuan,
4. The first month =1000 (240000-10000) 0.4% =1960 yuan,
5. Monthly payment in the second month =1000 (240000-10001) 0.4% =1956 yuan.
6. The third monthly payment =1000 (240000-10002) 0.4% =1952 yuan,
How to calculate the loan interest? What is an interest calculator?
The calculation formula of the loan annual interest rate is: interest = the annual interest rate of the loan amount. If the loan is 654.38 million yuan, the term is 1 year and the annual interest rate is 4.35%, then the interest to be repaid is: 10000 14.35 = 4350 yuan. I suggest you calculate the interest yourself and then borrow again.
Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date.
Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
Interest refers to the remuneration paid by the borrower to the lender in order to obtain the right to use the funds, which is the use price of the funds in a certain period (that is, the loan principal). The loan interest can be calculated in detail by the loan interest calculator.
In civil law, interest is the legal fruit of principal.
Please click to enter the picture description (maximum 18 words).
Calculator formula of loan annualized interest rate
The calculation process of annual interest rate is as follows: annual interest rate = monthly interest rate × 12 months = daily interest rate ×360 days (360 days per year). If the daily interest rate is 0.05%, the annualized interest rate is 0.05% × 360 days = 18%, and the loan is 10000 yuan, the annual interest is 18%× 10000 yuan = 1800 yuan.
This concludes the introduction of how to calculate the loan interest rate and the loan interest rate calculator. I wonder if you found the information you need from it?