1. The mobile loan APP provides installment repayment, can you repay more in advance?
It is recommended that you choose formal channels, such as bank channels.
To apply for less than 50,000 yuan, you can first log in to China Merchants Bank’s mobile banking, click "My" - "All" - "Loan" - "I want to borrow money" to try to apply through this interface; or Apply for a loan through a credit card: Log in to Mobile Life, click "Card. Finance" - "Fund" - "Apply Now" below to try to apply for a reserve fund. The specific results will be subject to review.
2. Can you use software to repay housing loans in advance in Chengdu?
Can you use software to repay housing loans in advance? The house purchase loan processed by Bank of China Chengdu Zijing West Road Branch cannot be repaid in advance on the APP. You need to go to the offline branch to apply for an appointment for early repayment, and then repay offline at the appointment time. However, many people work in other provinces and have no way to make an appointment at an offline branch. Moreover, after the appointment time, they still have to go back to the offline branch to handle the repayment procedures. This is very inconvenient for those working and employed outside Sichuan. I hope that Bank of China can open The function of early repayment is available on the APP, because many other branches of Bank of China support this business. In order to provide more efficient and convenient housing provident fund loan services to the majority of employees with housing provident fund loans, the Sichuan Provincial Housing Provident Fund Management Center (hereinafter referred to as the "Center") has the function of paying off all housing provident fund loans online in advance. Therefore, home loans can be repaid early using software.
3. I plan to repay a loan of 100,000 yuan in 5 years. What is the monthly payment?
The monthly payment amount of a loan of 100,000 yuan to be repaid in 5 years depends on the loan interest rate and repayment
A loan of 100,000 yuan, if the loan interest rate is 4.75, can be repaid in 5 years. Formula:
1. If you choose the equal-amount principal and interest repayment method, the monthly monthly payment is 1875.69 yuan, and you need to repay the interest in total for 5 years
2. If you choose the equal-amount principal and interest repayment method, the monthly payment is 1875.69 yuan. Yuan, then it will decrease by 6.6 Yuan every month, and the total payment needs to be repaid in 5 years
In short, since the loan period is not long, the repayment is still an equal amount of principal and interest, and the difference in the total repayment and interest is not big.
How to calculate the monthly payment of a mortgage
First of all, you must find out what kind of loan your loan belongs to, commercial, provident fund
In the software mortgage calculator (each loan application store Search and download), you need to select provident fund loan/combination loan), calculation method (loan amount/housing area), repayment method (the calculation formula of each repayment method is different), enter the loan amount, loan interest rate, Based on the loan term, the detailed loan amount and detailed repayment bill can be calculated.
Equal principal and interest repayment method, also known as regular interest payment, means that the borrower repays the remaining loan principal at the beginning of the month in equal amounts every month, calculated and settled month by month. The total principal and interest of the mortgage loan are spread over each month of the repayment term. As a repayer, you pay a fixed amount to the bank every month, but the proportion of principal in the monthly repayment increases month by month, and the proportion of interest decreases month by month. It is more suitable for families with relatively stable incomes, who buy a house to live in, and whose financial conditions do not allow excessive initial investment, such as civil servants, teachers and other people with stable incomes. Its calculation formula is: monthly monthly payment = [loan principal × monthly interest rate × (1-month interest rate) ＾ number of repayment months] ÷ [ (1-month interest rate) ＾ number of repayment months - 1 ] monthly payment due Interest rate Interest rate)^(repayment month serial number-1)÷[(1 month interest rate)^number of repayment months-1]Total interest = number of repayment months×monthly payment amount-loan principal. Click to view the details. Check how much you need to repay and how much you still owe on the loan.
The equal principal repayment method is also known as the equal principal and non-interest repayment method. The lender distributes the principal to each person. Within the month, the previous transaction is paid off at the same time. Compared with the equal principal and interest payment method, the total interest expense is lower, but the principal and interest paid in the early stage are higher. This method is very suitable for people who currently have higher incomes but are already paying.
It is more suitable for people with high income and strong repayment ability and plans to repay in advance. Its calculation formula is: monthly monthly payment = (loan principal ÷ number of repayment months) (loan principal - cumulative amount of repaid principal) × monthly interest rate Monthly principal payable = loan principal ÷ repayment Number of months Monthly interest payable - Cumulative amount of repaid principal) Monthly principal payable × monthly interest rate = Loan principal ÷ Number of repayment months × Monthly interest rate Total interest = (Total loan amount ÷ Total number of repayment months Loan amount×monthly interest rate)Total loan amount÷number of repayment months×(1-month interest rate)〕÷2×number of repayment months-