How to calculate bank home purchase loan interest
Loan method: commercial loan
Repayment method: equal principal and interest
Loan amount: 420,000 yuan
Loan term: 30 years (360 months)
Annual interest rate: 7.05%
Monthly payment: 2808.3882 yuan
Total Interest: 591019.7556 yuan
Loan method: commercial loan
Repayment method: equal amount of principal
Loan amount: 420,000 yuan
Loan Year: 30 years (360 months)
Annual interest rate: 7.05%
First month monthly payment: 3634.17 yuan
Monthly decreasing: 6.85 yuan
Monthly payment at the end of the month: 1173.52 yuan
Total interest: 445383.75 yuan
Extended information:
Bank house purchase loan interest rate refers to the loan period The ratio of the amount of interest to the principal amount. my country's interest rates are uniformly managed by the People's Bank of China, and the interest rates determined by the People's Bank of China are implemented after approval by the State Council.
According to the "Notice of the People's Bank of China on Raising the Benchmark Interest Rates for Renminbi Deposits and Loans of Financial Institutions" (Yinfa [2011] No. 169), the relevant matters regarding the adjustment of housing provident fund deposit and loan interest rates are hereby notified as follows:
1. Starting from July 7, 2011, the interest rate of personal housing provident fund deposits carried forward from the previous year was increased by 0.25 percentage points, from 2.85% to 3.10%; the interest rate of personal housing provident fund deposits collected in the current year remained unchanged.
2. Starting from July 7, 2011, the personal housing provident fund loan interest rate will be increased. The interest rate for personal housing provident fund loans with a maturity of more than five years was raised by 0.20 percentage points, from 4.70% to 4.90%; the interest rate of personal housing provident fund loans with a maturity of less than five years (including five years) was raised by 0.25 percentage points, from 4.20% to 4.45%.
3. Starting from July 7, 2011, in cities that carry out pilot projects to use housing provident fund loans to support the construction of affordable housing, the loan interest rate will be increased by 10% from the interest rate of personal housing provident fund loans with a term of more than five years.
Floating basis
1. It is helpful to highlight the credit policies and business characteristics of Bank of China. Preferential interest rates will be given to foreign trade enterprises, foreign-funded enterprises, foreign affairs enterprises, large and medium-sized export production enterprises, and high-tech production enterprises with good profits.
2. It is conducive to promoting the common development of Bank of China-related businesses. Appropriate care can be given in terms of interest rate standards for loans to our bank's basic customers, temporary loans to customers whose deposits exceed their loans, and loans to customers who handle import and export settlement business and intermediary business in our bank.
3. It is beneficial to the cost accounting of credit funds and improves the asset-liability ratio and its cost structure. The range of fluctuations in loan interest rates shall be based on the bank's ability to bear comprehensive capital costs. The total amount of low-cost sources determines the total amount of loans for which interest rates will be lowered, and the total amount of high-cost sources determines the total amount of loans for which interest rates will be raised. The interest rate structure of fund sources must be consistent with the interest rate structure of fund utilization.
4. Conducive to risk management of credit assets. In principle, low-risk loans are subject to low interest rates, and high-risk loans are subject to high interest rates. For enterprises that do not reach a reasonable proportion of their own funds, or do not replenish their own funds as required, and whose credit rating is low, interest rates should be used to encourage them to improve their operations and management and increase their economic benefits.