How to calculate bank loan interest rate

For loans, you can consider using mortgage loans (property, etc.). You can also use guaranteed loans, which have smaller loan amounts. Bank loan interest rates are generally Calculated based on monthly compound interest, there are two installment repayment methods, one is equal amounts of principal and interest, and the other is equal amounts of principal. In the short term, you can also repay the principal and interest in one lump sum. 60,000 yuan, one year (12 months) , calculated based on the current one-year loan annual interest rate of 5.31 (monthly interest rate: 5.31/12=0.4425). One-time repayment of principal and interest, total principal and interest: 0000 (10.4425)^12=63264.69 yuan. Repayment in installments. Equal amounts of principal and interest. Equal amounts. The principal and interest repayment is the same repayment amount in each period (every month). The calculation is as follows: 10,000, 1 year (12 months), monthly repayment amount: [600000.4425(10.4425)^12]/[ (10.4425)^12-1]=5144.98 yuan Total repayment: 5144.9812=61739.76 yuan Note: ^12 is the 12th power. Repayment in installments, equal principal repayment is repayment without interest, that is, less and less. The principal repayment is the same every month, and the interest is decreasing. The principal repayment is the same every month for 1 year (12 periods): 60,000/12 = 5,000 yuan. The first month’s repayment = the first month’s principal. Monthly interest: Repayment amount: 5000600000.4225=5253.50 Second month repayment: 5000 (60000-5000) 0.4225 = 5232.38 Third month repayment: 5000 (60000-50002) 0.4225 = 5211.25 and so on for the Nth month repayment :5000[60000-5000(N-1)]0.4225*** Interest amount: 61725.75 The calculation results are as follows: month, 5265.5 (yuan) month, 5243.38 (yuan) month, 5221.25 (yuan) month, 5199.13 (yuan) month , 5177 (yuan) month, 5154.88 (yuan) month, 5132.75 (yuan) month, 5110.63 (yuan) month, 5088.5 (yuan) 0 month, 5066.38 (yuan) January, 5044.25 (yuan) February, 5022.13 (yuan)

How to calculate loan interest rate

Interest rate = interest ÷ principal ÷ time × 100

For example: deposit 100 yuan,

bank commitment Pay an annual interest rate of 4.2

Then the bank will pay 4.2 yuan in interest in the second year.

The calculation formula is 100×4.2=4.2 yuan.

The formula is: interest rate = interest ÷ principal ÷ time × 100

Interest = principal × interest rate × time

=100 × 4.2 = 4.2 yuan

The final withdrawal was 104.2=104.2 yuan.

Extended data

Things to note

1. Borrowers should make correct judgments about their repayment ability when applying for a loan. Design a repayment plan based on your own income level, leaving room for it and not affecting your normal life.

2. Choose the appropriate repayment method. There are two repayment methods: equal repayment and equal principal repayment. Once the repayment method is agreed in the contract, it cannot be changed during the entire loan period.

3. Make monthly repayments on time to avoid penalty interest. Starting from the month after the loan is originated, the disbursement time in the next month is usually the repayment date. Don't default on the penalty interest due to your own negligence, causing the bank to be unable to approve the loan application again.

4. Keep your contract and receipts properly, read the terms of the contract carefully, and understand your rights and obligations.

How to calculate the interest formula for loan interest rates

Loans have become more and more popular now because they allow people to consume in advance and then repay in installments over a period of time in the future, which is extremely It greatly reduces the financial burden. In this process, you only need to pay some loan costs appropriately, and the loan cost needs to be calculated through the loan interest rate.

So, what is the formula for calculating loan interest rate? Let’s take a look below.

1. Loan interest rate calculation formula

1. Daily interest rate = monthly interest rate/30 days = annual interest rate/360 days;

2. Monthly interest rate = day Interest rate for 30 days = annual interest rate / 12 months;

3. Annual interest rate = monthly interest rate for 12 months = daily interest rate for 360 days;

4. Interest = loan principal and interest rate Loan period;

5. Under the equal-amount principal method, interest = loan interest rate on the remaining principal to be repaid;

6. Under the equal-amount principal and interest method,

each Monthly interest = monthly interest rate on remaining loan principal,

Monthly repayment amount = [loan principal × monthly interest rate × (1-month interest rate) ^ number of repayment months] ÷ [ (1-month interest rate) ^ Number of repayment months - 1],

If the number of repayment months is 6 and the monthly interest rate is 1, then (11)^6=1.011.011.011.011.011.01=1.06.

2. Examples

Assume that the loan principal is 6,000 yuan, the loan term is 6 months, and the monthly interest rate is 1, then:

1. Equal principal amount Under this method

Monthly repayment amount=6000/6=1000 yuan,

First month loan interest=60001=60 yuan;

Second month loan interest = (6000-1000) 1 = 50 yuan;

The third month’s interest = (6000-2000) 1 = 40 yuan;

The fourth month’s interest = (6000- 3000) 1=30 yuan;

The fifth month’s interest=(6000-4000)1=20 yuan;

The sixth month’s interest=(6000-5000)1= 10 yuan.

2. Under the method of equal principal and interest

Monthly repayment amount = (600011.06)/(1.06-1) = 1035.29 yuan,

First month loan interest =60001=60 yuan, remaining loan principal=6000-(1035.29-60)=5024.71 yuan;

Loan interest for the next month=5024.711=50.25 yuan, remaining loan principal=5024.71-(1035.29-50.25 ) = 4039.67 yuan;

Calculated in sequence, the interest in the 6th month = 10.25 yuan.

The above is the relevant content about the "loan interest rate calculation formula", I hope it can be helpful to you.

How to calculate 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 (months).

2. Daily interest rate: The daily interest rate is called the daily interest rate, and is calculated with the day as the interest calculation period. 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 annually as a percentage of the principal. The calculation method is: annual interest rate = interest ÷ principal ÷ time × 100.

4. Annualized interest rate: refers to the interest rate that discounts the product’s inherent yield to the whole year, which is quite different from the calculation method of annual interest rate. Assume that the yield period of a financial product is year A and the yield is B, then the annualized interest rate R is calculated as R=(1B)A-1.

5. Calculation formula for equal amounts of principal and interest: [Loan principal × monthly interest rate × (1-month interest rate) number of repayment months] ÷ number of repayment months [(1-month interest rate) number of repayment months - 1]

6. Calculation formula of average funds: monthly repayment amount = (loan principal ÷ number of repayment months) (principal - cumulative amount of principal repaid) × monthly interest rate.

Extended information:

Bank loan refers to a type of bank loan that lends funds to people in need at a certain interest rate in accordance with national policies and agrees to return them within a specified period of time. economic behavior. Generally, a guarantee, house mortgage, or proof of income and good personal credit are required to apply.

Moreover, in different countries and in 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 lines, working capital loans, standby loan commitments, project loans, etc. , and industrial and commercial loans in the UK mostly take the form of bill discounts, credit accounts and overdraft accounts.

There are different types of bank loans based on different classification standards. For example:

1. According to different repayment periods, they can be divided into short-term loans, medium-term loans and long-term loans;

2. According to different repayment methods, they can be divided into current 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, securities broker loans, etc.

4. According to different loan guarantee conditions, it can be divided into bill discount loans, bill mortgage loans, commodity mortgage loans, credit loans, etc.

5. According to the loan amount, it can be divided into wholesale loans and retail loans;

6. According to the different interest rate agreement methods, it can be divided into fixed-rate loans and floating-rate loans, etc. .

Short-term loans refer to loans with a loan term within 1 year (including 1 year). Short-term loans are generally used for the borrower's working capital needs for production and operations.

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, with the longest term not exceeding one year; short-term loans can only be extended once, and the extension cannot exceed the original term.

The loan interest rate is determined according to the interest rate policy and loan interest rate floating range formulated by the People's Bank of China, and based on factors such as the nature, currency, purpose, method, term and risk of the loan. The foreign exchange loan interest rate is divided into floating interest rate and Fixed interest rate. The loan interest rate is stated in the loan contract, and customers can check it when applying for a loan. Overdue loans are subject to penalty interest as prescribed.

The advantage of short-term loans is that the interest rate is relatively low and the supply and repayment of funds are relatively stable. The disadvantage is that it cannot meet the long-term funding needs of the enterprise. At the same time, since short-term loans have fixed interest rates, corporate interests may be affected by interest rate fluctuations.