What is the formula for calculating loan interest? What is the interest calculator?

The formula for calculating the annual interest rate of a loan is: interest = annual interest rate for the loan amount. If the loan is 100,000 yuan, the term is 1 year, and the annual interest rate is 4.35, then the interest that needs to be repaid is: 10000014.35 = 4350 yuan. It is recommended that you calculate the interest rate yourself before taking out a loan.

Loan means that banks, credit unions and other institutions lend money to units or individuals who use the money, and generally stipulate interest and repayment dates.

Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

Interest refers to the remuneration paid by the borrower to the lender for the right to use funds. It is the use price of capital (that is, the loaned principal) within a certain period of time. Loan interest can be calculated in detail through the loan interest calculator.

In civil law, interest is the legal interest on principal.

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How to calculate the loan interest formula

Interest = principal × interest rate × loan term

As you said, the loan is 200,000 yuan, the monthly interest rate is 0.71, the monthly interest payable is 2,000,000.711 months = 1,420 yuan

The annual interest rate is 0.7112=8.521

The loan is 200,000 yuan Yuan, term 1 year, annual interest rate 8.521, one year's interest is 200,000 yuan 8.5211 = 17042 yuan

The interest rate of savings deposits is uniformly stipulated by the state and announced by the People's Bank of China. Interest rate, also known as interest rate, is the ratio of interest to principal within a certain date. It is generally divided into three types: annual interest rate, monthly interest rate, and daily interest rate. The annual interest rate is expressed as a percentage, the monthly interest rate is expressed as a thousand percent, and the daily interest rate is expressed as a ten thousand percent. For example, if the annual interest rate of nine percent is written as 0.9, that is, the regular one-year interest rate for every thousand yuan of deposits is 9 yuan, the monthly interest rate of six percent is written as 6‰, that is, the monthly interest rate for every thousand yuan of deposits is 6 yuan, and the daily interest rate of one centimeter and a half is written as 1.5 ‰, that is, the daily interest rate is 1 yuan and 50 cents for every thousand yuan of deposits. Currently, my country's savings deposits are listed with monthly interest rates. For the convenience of interest calculation, the three interest rates can be converted. The conversion formula is: annual interest rate ÷ 12 = monthly interest rate; monthly interest rate ÷ 30 = daily interest rate; annual interest rate ÷ 360 = daily interest rate.

Interest The calculation formula is mainly divided into the following four situations. First, the basic formula for calculating interest. The basic formula for calculating savings deposit interest is: interest = principal × deposit period × interest rate;

Second, the interest rate Conversion, the conversion relationship between annual interest rate, monthly interest rate and daily interest rate is: annual interest rate = monthly interest rate × 12 (month) = daily interest rate × 360 (days); monthly interest rate = annual interest rate ÷ 12 (month) = daily interest rate ×30 (days); daily interest rate = annual interest rate ÷ 360 (days) = monthly interest rate ÷ 30 (days). In addition, the interest rate should be consistent with the deposit period;

Third, The starting point of interest calculation in the interest calculation formula is: 1. The interest calculation starting point of savings deposits is yuan, and no interest is paid on cents below yuan; 2. The interest amount is calculated to cents, and the cents are rounded to the nearest cent when actually paying; 3. Except for the annual settlement of current savings, which can transfer interest to the principal to earn interest, all other savings deposits, regardless of the deposit period, will pay off the principal when withdrawn, without compound interest;

Fourth, Regarding the calculation of the deposit period in the interest calculation formula, 1. Calculate the deposit period by counting the beginning and not the end; 2. Regardless of whether it is a big month, a small month, an ordinary month, or a leap month, each month is calculated as 30 days, and the whole year is calculated as 360 days. Day calculation 3. The maturity dates of various deposits are calculated on the basis of year, month and day. If the account opening date is a missing date in the expiration month, the last day of the expiration month will be the expiration date.

1. When calculating interest, the number of days of deposit is counted from the date of deposit to the day before withdrawal;

2. Regardless of Leap years and ordinary years, regardless of the big or small month, the whole year is calculated as 360 days, and each month is calculated as 30 days;

3. Calculation for the year, month, and day, the calculation of various time deposits The expiry date is based on the year, month and day. That is, from the date of deposit to the same day of the same month of the next year, it is a pair of years, and from the date of deposit to the same day of the next month, it is a pair of months;

4. The expiration date of regular savings. For example, if you are not working during a legal holiday, you can If you withdraw one day in advance, interest will be calculated as if it is due, and the procedures are the same as for withdrawing in advance.

The formula for calculating interest: principal × annual interest rate (percentage) × deposit period

If interest tax is collected, then × (1-5)

Total principal and interest =Principal interest

The calculation formula of accrued interest is: accrued interest = principal × interest rate × time

Accrued interest is accurate to 2 decimal places, and the number of days that interest has been accrued Calculated based on actual holding days.

PS: The deposit period should correspond to the interest rate, which is not necessarily the annual interest rate, but may also be the daily interest rate or the monthly interest rate.

1. The basic formula for calculating interest. The basic formula for calculating interest on savings deposits is: Interest = Principal × Deposit Period × Interest Rate

2. Conversion of interest rates to annual interest rate, monthly interest rate, The conversion relationship between the three daily interest rates is: annual interest rate = monthly interest rate × 12 (month) = daily interest rate × 360 (days); monthly interest rate = annual interest rate ÷ 12 (months) = daily interest rate × 30 (days); daily interest rate = Annual interest rate ÷ 360 (days) = Monthly interest rate ÷ 30 (days). The interest rate used should be consistent with the deposit period.

3. Starting point for calculating interest

1. The starting point for calculating interest on savings deposits is yuan, and no interest will be paid on cents below yuan.

2. The interest amount is calculated to the nearest cent, and the cents will be rounded to the nearest cent when the actual payment is made.

3. Except for the annual settlement of current savings, which can transfer interest to the principal to earn interest, for all other savings deposits, regardless of the deposit period, the interest will be paid off with the principal when withdrawn, without compound interest.

IV. Calculation of deposit period

1. Calculate the deposit period by counting the beginning and not the end.

2. Regardless of whether it is a big month, a small month, an ordinary month or a leap month, each month is calculated as 30 days, and the whole year is calculated as 360 days.

3. The maturity dates of various deposits are calculated on the basis of year, month and day. If the account opening date is a missing date in the expiration month, the last day of the expiry month will be the expiration date. .

5. Calculation of savings deposit interest. Savings deposit interest rates follow the interest rates announced by the People's Bank of China. Savings are carried out in the original currency and interest is calculated in the original currency (the auxiliary currency can be converted into RMB for payment based on the foreign exchange rate of the day). The interest calculation regulations and calculation methods are similar to the RMB savings method.