13993.92 yuan. The general term of ICBC car loan is 2 years. The annual interest rate of ICBC car loan is 20% higher than the benchmark (6.45%), with interest = 6.45% of the amount120% 2. Industrial and Commercial Bank of China loaned 90,400 yuan to buy used cars in installments, with interest = 904,006.45%120% 2 =13993.92.
What is the annual interest rate of car loan?
To calculate the annual interest rate of car loan, you can use this formula: car loan annual interest rate = car loan principal × car loan annual interest rate.
It is generally known that the principal and annual interest rate of car loan can be used to calculate the annual interest of car loan, both of which are stated in the car loan contract. For example, if the car loan principal is 6,543.8+10,000 yuan and the annual interest rate is 8%, the annual interest is equal to the car loan principal × the annual interest rate of the car loan = 654.38+ 10,000 yuan× 8% = 8,000 yuan.
How much is the average car loan interest for 3 years?
First, list the loan interest rates of various banks:
1: Bank of China: loan term 1 year, loan interest rate of 4%; 2 years, 8%; 3 years, 12%.
2. China Construction Bank: 1-3 years (including 3 years), 5.3 1% years; 3-5 years (inclusive), 5.4% years.
3. Industrial and Commercial Bank of China: within 6 months (including 6 months), the car loan interest rate is 5.60%; The car loan interest rate for 6 months to 1 year (including 1 year) is 6.00%; 1-3 years (including 3 years), 6. 15% years; 3-5 years (including 5 years), 6.40% years; More than 5 years, 6.55% years.
There are two main calculation methods of installment interest: equal principal and interest and average principal.
Calculation formula of monthly payment for equal principal and interest repayment method:
Monthly repayment amount = loan principal × monthly interest rate ×( 1 interest rate) repayment months ]≤[( 1 interest rate) repayment months-1.
Average capital repayment method monthly payment calculation formula:
Monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
It's no fun just looking at the data. Let's give an example to illustrate.
For example, I borrowed 6.5438+0.2 million yuan from China Bank, which will be repaid in three years. The annual interest rate of BOC is 12% and the monthly interest rate is 0.33%. We adopt the average capital repayment method with the lowest total interest.
The repayment amount in the first month: (120000 ÷ 36) (120000-0) x 0.33% = 3729.3 yuan, of which the interest is 396 yuan. Repayment in the second month: (120000 ÷ 36).
The annual interest rate of industrial and commercial automobile loans is 22%.
3.65%。 The annual interest rate of industrial and commercial car loans for 22 years is 3.65%. The annual interest rate of car loans fluctuates on the benchmark interest rate of central bank loans. The loan time of car loan is generally 3 years, and the longest is no more than 5 years.
What is the loan interest rate of car loan?
How can you not know the car loan interest rate if you want to apply for a car loan? There are generally two modes of auto loan: direct loan: the borrower directly applies for auto loan from the bank and then buys a car at the auto dealer; Intermittent loan: the borrower buys a car at the garage before applying for a loan.
No matter what kind of loan, we hope that the lower the loan interest rate, the better. If you don't need interest rate, it's best. Sure, just thinking about the idea. After all, commercial banks and other lending institutions are profitable.
However, the interest rate of bank loans is generally the lowest among all loan channels, which is one of the reasons why many people will give priority to banks when they need loans.
What is the interest rate of 20 18 car loan? Let's have a look.
Although many commercial banks say that their loan interest rates are based on the benchmark loan interest rate issued by the central bank, in fact, many banks will adjust the benchmark loan interest rate according to their own banking policies and conditions, and different banks have different regulations on car loan interest rates.
Central bank loan benchmark interest rate
Taking CCB and China Merchants Bank as examples, it is understood that the one-year car loan interest rate of CCB is 5.3 1%, and the interest rate for 3-5 years (including 5 years) is 5.4%; The one-year loan interest rate of China Merchants Bank is 5. 1%, and the interest rate for 3-5 years (including 5 years) is 5.5%.
Extended data:
The qualifications of different regions and borrowers will affect the loan interest rate. The above data are for reference only. Please consult the relevant bank for details.
For example, the loan interest rate stipulated in China Bank's personal automobile consumption loan: the general customer loan interest rate is subject to the benchmark interest rate, and the high-quality customer loan interest rate can be appropriately lowered on the basis of the benchmark interest rate with the approval of the provincial branch, with the downward fluctuation rate not exceeding 10%.
In addition to bank car loans, many people will also choose credit cards to buy cars in installments. Although there is no interest on credit card installment, there will be a handling fee. The handling fee is related to the number of installments.
There are 12, 24 and 36 car purchases by installments, and the installment fee rates are 0-3%, 4-7% and 10- 12% respectively. The longer the staging time, the more expenses will be generated.