At present, the annual interest rate of bank loans is as follows: within half a year (including half a year), 4.85% for loans from half a year to one year (including 1 year), 4.85% for loans from one year to three years (including three years), 5.25% for loans from three years to five years (including five years), 5.25% for loans over five years and 5.40% for years. Matching principal and interest repayment method The monthly repayment amount and total interest of 20-year and 30-year mortgages are as follows: 20-year matching principal and interest repayment method: the total loan amount is 100000.00 yuan, the monthly repayment amount for 240 months is 682.25 yuan, and the total interest amount is 63740.38 yuan. Total principal and interest 163740.38 yuan, and the repayment method of equal principal and interest is 3. 0 year: total loan 100000.00 yuan, repayment months of 360 months, monthly repayment of 56 1.53 yuan, total interest paid 102 15 1.09 yuan, and total principal and interest of 202/kloc.
How to calculate the commercial loan interest rate
The calculation method of commercial loan interest rate is as follows:
(1) At present, the benchmark interest rate for commercial loans with a loan term of more than five years is 4.90%. Due to the policy of restricting purchases and loans, the benchmark interest rate of commercial loans with a loan term of more than five years is 4.90%, and the interest rate of the first home loan is adjusted differently by local banks.
(2) The average interest rate of the first suite in China is 5.38%, and the interest rate generally rises by 5%-20%. The interest rate of the second home loan generally rose 10%-30%. During the same period, the benchmark interest rate of provident fund loans was 3.25%, and the interest rate of second-home loans generally rose 10%.
The second suite is defined as the borrower's family (including the borrower, spouse and minor children). If a family has used provident fund loans or commercial loans to buy a house and applies for a mortgage again, it will be regarded as a second suite.
How to calculate the interest on commercial loans?
1. Equal principal and interest repayment method: Equal principal and interest repayment method is to repay the loan principal and interest with equal principal and interest every month.
The calculation formula is as follows: monthly repayment amount = (loan principal × monthly interest rate× (1interest rate) total repayment period) /( 1 interest rate) total repayment period-1.
2. Average capital repayment method: The average capital repayment method is a kind of diminishing repayment method. Using this method, the loan principal is divided into repayment periods, and the interest payable in each period is calculated from the unpaid principal. The principal amount of each period is unchanged, and the interest is decreasing step by step.
The calculation formula is as follows: monthly (quarterly) repayment amount = loan principal/repayment times (loan principal-accumulated repaid principal) × monthly (quarterly) interest rate.
Extended data:
Precautions for commercial loans:
First, before applying for personal business loans, it is necessary to evaluate the current and future economic strength of the family and determine the down payment and loan ratio.
Second, the borrower must have a good personal credit record.
Third, we should correctly evaluate the value of mortgaged houses. If the house is too old to meet the requirements of the bank. Under normal circumstances, 10 years is appropriate, and some banks require less than 5 years.
Four, the borrower must be consistent with the property holder, that is to say, can't use my name for mortgage loans.
5. The borrower needs to provide proof of salary and bank running water to improve the borrower's credit record and speed up the examination and approval time.
How to calculate the formula of commercial loan?
Loan interest = loan amount, loan interest rate, loan term = loan amount, days and days, daily interest rate = loan amount, monthly interest rate = loan amount, annual interest rate.
Loan days = actual Gregorian calendar days (such as 20 12 1 to 20 1 2 May 24th, which should be1actual February days, actual March days, actual April days and actual May 24th days).
Daily interest rate = annual interest rate /360
Monthly interest rate = annual interest rate/12
Note: The benchmark loan interest rates announced by the central bank are all annual interest rates.
Extended data
There are two calculation methods:
(1) Regular interest calculation
For loans with regular interest, the 20th day of the last month of each quarter is the interest settlement date, and the interest period is the 20th day of last quarter.
Calculation formula = interest-bearing products × (annual loan interest rate ÷360)
(2) Interest settlement one by one
Interest settlement by transaction means that the interest will be settled together with the principal.
Loan interest = loan amount × loan days × (annual loan interest rate ÷360)