Hello, I'm glad to answer your question ~
Banks can not only provide savings deposit business, but also provide various loan business. In the loan business of banks, there are two main ways to calculate interest: equal principal and interest and average capital.
I. Calculation method of equal principal and interest
If you use the calculation method of equal principal and interest for the loan in the bank, then the total amount you should repay each month = [loan principal × monthly interest rate ×( 1 interest rate )× repayment months] ÷ repayment months [( 1 interest rate )× repayment months].
For example, Xiaolan borrowed 9000 yuan for 9 months, with a monthly interest rate of 0.9%. Then Xiaolan's monthly principal and interest should be = [9000× 0.9 %× (10.9%) 9] = [(10.9%) 9-65438.
Second, the average capital calculation method
If your loan in the bank adopts the calculation method of equal principal and interest, then the total amount you should repay each month = (loan principal ÷ repayment months) (principal-accumulated principal repaid) × monthly interest rate.
For example, Xiao Lv borrowed 6,000 yuan for six months, with a monthly interest rate of 0.6%. And he has paid back 3000 yuan, so the principal and interest he wants to pay back next month = (6000 ÷ 6) (6000-3000) × 0.6% =1.018 yuan. abstract
How to calculate the interest of bank loans
Hello, I'm glad to answer your question ~
Banks can not only provide savings deposit business, but also provide various loan business. In the loan business of banks, there are two main ways to calculate interest: equal principal and interest and average capital.
I. Calculation method of equal principal and interest
If you use the calculation method of equal principal and interest for the loan in the bank, then the total amount you should repay each month = [loan principal × monthly interest rate ×( 1 interest rate )× repayment months] ÷ repayment months [( 1 interest rate )× repayment months].
For example, Xiaolan borrowed 9000 yuan for 9 months, with a monthly interest rate of 0.9%. Then Xiaolan's monthly principal and interest should be = [9000× 0.9 %× (10.9%) 9] = [(10.9%) 9-65438.
Second, the average capital calculation method
If your loan in the bank adopts the calculation method of equal principal and interest, then the total amount you should repay each month = (loan principal ÷ repayment months) (principal-accumulated principal repaid) × monthly interest rate.
For example, Xiao Lv borrowed 6,000 yuan for six months, with a monthly interest rate of 0.6%. And he has paid back 3000 yuan, so the principal and interest he wants to pay back next month = (6000 ÷ 6) (6000-3000) × 0.6% =1.018 yuan. answer
How much is the interest on a 6000 loan for six months?
(6000÷6)6000×0.6% answer
Subject to the latest bank interest rate.
Second, how to calculate the interest on bank loans?
Bank loan interest = principal × interest rate× loan term. Loan refers to the remuneration that the lender gets from the borrower for issuing monetary funds, and it is also the price that the borrower must pay for using the funds. Interest on bank loans is generally calculated with compound interest on a monthly basis.
There are three factors that determine loan interest: loan amount, loan term and loan interest rate. Loan interest = loan amount, loan interest rate, loan term = loan amount, loan interest rate, loan term = loan amount, days, days, interest rate = loan amount, month, month, interest rate = loan amount, annual interest rate.
There are two ways to repay by installments: monthly equal principal and interest repayment and monthly equal principal repayment. Pay the principal and interest monthly. The characteristic of matching principal and interest is that the monthly repayment amount remains unchanged during the whole repayment period. Repay the principal monthly. Matching the principal and interest is characterized by evenly sharing the principal during the whole repayment period, and calculating the interest daily according to the loan principal balance, and the monthly repayment amount gradually decreases, but the repayment speed remains unchanged.
Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. The interest rate in China is managed by the People's Bank of China. The bank loan interest rate refers to the benchmark interest rate set by the People's Bank of China, and the actual contract interest rate can fluctuate within a certain range on the basis of the benchmark interest rate.
Third, the calculation method of bank loan interest rate
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: interest is usually calculated. The calculation method is: annual profit × 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, and the calculation method of annual interest rate. If the yield period of the 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× (1monthly interest rate) repayment months] ÷ repayment months-1]
6. Calculation formula of average fund: monthly repayment amount = (accumulated loan 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, American loan amount, working capital loan, standby loan commitment, project loan, etc. In Britain, industrial and commercial loans are mostly discounted by bills, credit accounts and
According to different classification standards, there are different types of bank loans. compare
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;
Elephants 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 interest rate, there are 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, the longest is no more than one year, and the extension period cannot exceed the original term.
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.