Suppose Ronaldinho applied for a car loan of RMB 6,543,800+,the interest rate approved by institution X was 654.38+ 00%, the interest rate approved by institution Y was 654.38+05%, the loan period was five years, and the repayment amount was 2654.38+024.70 yuan and 2378.99 yuan respectively. The monthly payment is related to the loan term. For the same loan, the monthly repayment amount will be different if you choose different loan terms. Assuming that Ronaldinho applied for a car loan of RMB 6,543,800+and the loan interest rate was 654.38+ 00%, the repayment method of equal principal and interest was adopted. The monthly payment is 9,025.83 yuan and 3,466.53 yuan. The monthly payment is related to the repayment method. For the same loan, if you choose different repayment methods, the monthly repayment amount will be different. Suppose Ronaldinho applied for a car loan of 6,543,800 yuan, and the loan interest rate was 654.38+ 00% for two years. The equal principal and interest will be repaid 4,848.66 yuan per month, and the average capital will be repaid 4 166.67 yuan per month, plus the current repayment interest.
Calculation method of auto loan interest, central bank loan benchmark interest rate, 1. For short-term loans within one year (including one year), the annual interest rate is 4.35%; Two, medium and long-term loans, one to five years (including five years), the annual interest rate of 4.75%; For more than five years, the annual interest rate is 4.90%. The interest period is the whole year (month). The interest-bearing formula is: ① Interest = principal × annual (monthly )× annual (monthly) interest rate; If the interest-bearing period has a whole year (month) and odd days, the interest-bearing formula is: ② Interest = principal × number of years (months) × annual (month) interest rate+principal × odd days × daily interest rate; At the same time, banks can choose to fully realize the interest period.
Million car purchase subsidy