Loan method: commercial loan.
Repayment method: equal principal and interest
Loan amount: 420,000 yuan
Loan term: 30 years (360 months)
Annual interest rate: 7.05%
Monthly payment: 2808.3882 yuan.
Total interest: 59 10 19.7556 yuan.
Loan method: commercial loan.
Repayment method: average capital
Loan amount: 420,000 yuan
Loan term: 30 years (360 months)
Annual interest rate: 7.05%
Monthly payment for the first month: 3634. 17 yuan.
Decreasing month by month: 6.85 yuan
Monthly payment at the end of the month: 1 173.52 yuan.
Total interest: 445,383.75 yuan.
Extended data:
The interest rate of bank housing loan 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, and the interest rate determined by the People's Bank of China is implemented after being approved by the State Council.
According to the Notice of the People's Bank of China on Raising the Benchmark Interest Rate of RMB Deposits and Loans of Financial Institutions (Yinfa [201]169No.), the relevant matters concerning the adjustment of the deposit and loan interest rate of housing provident fund are hereby notified as follows:
1.20 1 1 From July 7th, the deposit interest rate of individual housing provident fund carried over from the previous year was raised by 0.25 percentage points, from 2.85% to 3.10%; The deposit interest rate of individual housing provident fund collected in that year remains unchanged.
From July 7, 2011,the interest rate of individual housing provident fund loans will be raised. The interest rate of individual housing provident fund loans for more than five years was raised by 0.20 percentage points, from 4.70% to 4.90%; The interest rate of individual housing provident fund loans for five years or less was raised by 0.25 percentage points, from 4.20% to 4.45%.
Three, from July 7th, 20 1 1, to carry out the pilot work of using housing provident fund loans to support the construction of affordable housing, and the loan interest rate will rise by 10% according to the personal housing provident fund loan interest rate for more than five years.
Floating foundation
1. is conducive to highlighting the credit policy and business characteristics of China Bank. Preferential interest rates are given to foreign trade enterprises, foreign-funded enterprises, foreign affairs enterprises, large and medium-sized export production enterprises and high-tech production enterprises with good benefits.
2. It is conducive to promoting the development of related banking business in China. In terms of interest rate standards, we can give appropriate care to the loans of our basic customers, temporary loans of customers whose deposits exceed loans, and loans of customers who handle import and export settlement business and intermediary business in our bank.
3 is conducive to the cost accounting of credit funds, improve the ratio of assets to liabilities and its cost structure. The fluctuation range of loan interest rate should refer to the bearing capacity of comprehensive capital cost of banks. The total amount of low-cost sources restricts the total amount of interest rate downward loans, while the total amount of high-cost sources determines the total amount of interest rate upward loans. The interest rate structure of the source of funds should adapt to the interest rate structure of the use of funds.
4. Conducive to the risk management of credit assets. In principle, low-risk loans are subject to low interest rates and high-risk loans are subject to high interest rates. For enterprises whose own funds are not up to a reasonable proportion, or whose own funds are not supplemented according to regulations, and their credit rating is low, interest rates should be used to promote them to improve their management and economic benefits.