The reason why car loans are different is probably because the average capital repayment method is adopted. This repayment method will evenly distribute the total loan amount during the repayment period, and then repay the interest generated by the loan in the current month every month. As a result, the principal will be less and less, and the output will be less and less, resulting in less and less monthly repayment.
If the borrower repays the principal with the same amount, the repayment pressure may be greater at first, but as the customer continues to repay, the interest is less and less, and the repayment pressure will gradually decrease.
If the car loan is repaid with equal principal and interest, there will be no repayment method of equal principal and interest every month, that is, the loan with the same amount (including principal and interest) will be repaid every month during the repayment period.
When applying for a car loan, you can choose the repayment method according to your own needs. For example, the later income will decrease, and it will be more appropriate to choose the average capital as the repayment method.
Second, how to calculate the interest-free installment of the 2022 Roewe rx5?
Take SAIC Finance as an example, it is interest-free for one year and 3. 14 for two years. For example, the loan is 654.38 million yuan, and the total interest for two years is 3 140. The amount of loan plus interest divided by 24 months is the monthly repayment amount. An ID card loans 50% of the car price.
3. What is the interest-free loan of 12?
Bank loans are generally not interest-free.
Application conditions:
1, Chinese mainland residents aged 18;
2. Have a stable address and work or business place;
3. Have a stable source of income;
4. Without a bad credit record, the loan cannot be used for stock trading or gambling.
5. Other conditions required by the bank.
Processing flow:
1. Submit an application to a local bank or lending institution;
2. Prepare various materials required for the loan;
3. Face-to-face signing of banks or lending institutions;
4. The bank examines the qualifications of the lender;
5. Approved and successful loans.
4. Roewe interest-free loan 18 months. Why is mine 12 months?
The term of Roewe interest-free loans is usually limited, and not all loans can enjoy the interest-free period of 18 months. Generally speaking, the loan period depends on the personal credit of the car buyer, repayment ability and bank loan regulations. Therefore, even for the same model, different people may enjoy different interest-free periods. If your loan term is only 12 months instead of 18 months, I suggest you contact Roewe sales staff to find out the specific situation, determine the loan details and ask them to provide you with relevant solutions.