Current location - Loan Platform Complete Network - Loan consultation - Provident fund loan: 280,000 yuan. 4.9 yuan's interest will be paid off in 9 years. How much will it be paid back every month? How much is the interest alone
Provident fund loan: 280,000 yuan. 4.9 yuan's interest will be paid off in 9 years. How much will it be paid back every month? How much is the interest alone
Nine years is 12*9= 108, and the monthly interest rate is 4.9%/ 12=0.004083.

Matching principal repayment: the principal of each installment is 2,592.59 yuan, the repayment in the first month is 3,735.93 yuan, and then it will decrease month by month, with interest of 623 1 1.67 yuan;

Matching repayment of principal and interest: the total monthly repayment is 32 1 1.35 yuan, and the interest is 66,825.38 yuan;

The interest of each period is calculated by multiplying the monthly interest rate by the principal balance of last month, so it is different. Under the same conditions, the repayment interest of equal principal is less, but the early pressure is great. The above is for reference only.