Matching principal and interest repayment (concept): that is, the total principal and interest of mortgage loans are added up and then evenly distributed to each month of repayment period. The monthly repayment amount is fixed, but the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month. For a long time, this method is the most commonly used and recommended method by most banks. Application process: submit application materials; Bank acceptance bills (investigation and approval); Both parties sign a credit contract; Apply for mortgage guarantee, and the quota will take effect; When you need to use a loan, you can go through the loan and repayment procedures through bank outlets, self-service equipment and online banking.
Matching principal and interest repayment method: at the initial stage of repayment, the interest expenditure is the largest and the principal is the least. After that, the interest payment gradually decreased and the principal gradually increased, but the monthly repayment amount (principal plus interest) was the same. It is more suitable for young people with low income and little savings, because the pressure of monthly payment will not reduce the quality of life. The formula is: monthly repayment amount = loan principal * monthly interest rate *( 1+ monthly interest rate) total repayment months /(( 1+ monthly interest rate) total repayment months-1); In the above formula, all the figures are fixed, so the repayment amount is fixed. Let's modify the formula: monthly repayment amount = loan principal * monthly interest rate+loan principal * monthly interest rate/(1+monthly interest rate)-total repayment months-1), where: we call' loan principal * monthly interest rate' as the monthly interest payment, and the sum of them is the monthly repayment amount, which is also called the total principal and interest (. Total interest = total repayment months * total principal and interest-loan principal, that is, all the interest you spend. ""represents an index.
The average capital repayment method refers to the equal repayment of the loan principal every month, and the loan interest decreases month by month with the principal and interest, and the monthly repayment amount (principal plus interest) decreases gradually. The total interest paid is less than the equal principal and interest method. Suitable for middle-aged people with high income and certain savings. The formula is: monthly repayment amount = loan principal/total repayment months+(loan principal-accumulated repaid principal) * monthly interest rate; In which: accumulated repayment principal = loan principal/total repayment months * repayment months; In the above formula, the number of months repaid is variable, so the monthly repayment amount is variable. We modify the formula to: monthly repayment amount = loan principal/total repayment months+(loan principal * monthly interest rate-loan principal/total repayment months * monthly interest rate * repayment months); Among them: loan principal/total repayment months, which we call monthly repayable principal, is a fixed value; The loan principal * monthly interest rate, which we call the interest payable in the first month, is a fixed value; Loan principal/total repayment months * monthly interest rate = monthly repayment principal * monthly interest rate, which we call spread, is a fixed value; Interest payable in the first month-interest spread * The number of repaid months is the interest to be repaid in the current month, which is a variable, namely: interest payable in the x month = interest payable in the first month-interest spread * (x-1); Total interest payable = the sum of monthly interest payable in all months, which is the total interest you pay.