According to the regulations:

Loan interest = principal x time x interest rate.

Usually:

1 ten thousand yuan +0 years +0% = 1 ten thousand yuan

Loans can be mortgaged (real estate, etc.). ) or secured loans, the latter with a smaller loan amount.

The interest on general bank loans is calculated by compound interest on a monthly basis. There are two ways to repay by installments, one is equal principal and interest, and the other is average capital. In the short term, you can also repay the principal and interest in one lump sum, 60,000 yuan a year (12 months), calculated according to the current annual interest rate of one-year loans of 5.3 1% (monthly interest rate: 5.3 1%).

Extended data:

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Judging from the quotation data of the best interest rate of one-year loans published by nine quotation banks, they are all lower than the one-year benchmark interest rate of 6% previously announced by the central bank. Take the quotation of 1 65438+1October1as an example, ICBC quoted 5.7030% and ABC quoted 5.7174%; However, the quotations of China Bank from 65438+1October 28th to 65438+1October 30th were all maintained at 5.7030%. 1 65438+1October1,Shanghai Pudong Development Bank quoted 5.8 135%. From the data point of view, the LPR quotations of various banks are not much different.

10 year 10 on October 25th, the central bank announced that in order to further promote the interest rate marketization, improve the benchmark interest rate system in the financial market, and guide the pricing of products in the credit market, the centralized quotation and release mechanism in the preferential interest rate for loans was officially put into operation. According to the rules, the preferential loan interest rate refers to the loan interest rate implemented by financial institutions for their best customers. Other loan interest rates can be determined based on the borrower's credit situation, taking into account factors such as mortgage, term, floating mode and type of interest rate, and adding or subtracting points on the basis of preferential loan interest rate.

Reference: 9 banks released the best loan interest rate-People's Daily Online.

How to calculate the interest on bank loans?

Bank loan interest will be comprehensively evaluated according to loan types, credit status, guarantee methods and other factors, and then float on the benchmark interest rate announced by the central bank.

First, the central bank's benchmark interest rate for RMB loans:

Within 1 and 1 year (inclusive), the annual interest rate is 4.35%.

2. 1-5 years (inclusive), with an annual interest rate of 4.75%.

3, more than 5 years, the annual interest rate is 4.9%.

Second, the calculation method of bank loan interest, the average capital repayment method, is based on the average distribution of the total loan principal to each repayment period, and the interest is calculated according to the remaining arrears.

1, monthly payment = (loan principal ÷ repayment months) (loan principal-accumulated repaid principal amount) × monthly interest rate;

2. Monthly repayable principal = loan principal ÷ repayment months;

3. Monthly interest payable = residual principal × monthly interest rate = (loan principal-accumulated principal repayment amount) × monthly interest rate;

4. Decreasing monthly payment = monthly repayable principal × monthly interest rate = loan principal ÷ repayment months × monthly interest rate;

5. Total interest = [(total loans ÷ repayment months × monthly interest rate) total loans ÷ repayment months ×(65438+ 10 monthly interest rate)] ÷ 2 × repayment months-total loans;

6. Monthly interest rate = annual interest rate ÷ 12.

Precautions:

1, the level of bank loan interest is very important, so you should choose the bank loan that suits you according to your own economic strength.

At the same time, you can also calculate the monthly repayment amount when you apply for a loan in the future, so that you can plan the loan amount reasonably according to your own situation.

How to calculate the interest on bank loans?

I. Calculation formula of equal principal and interest:

[loan principal × monthly interest rate ×(65438+ 10 monthly interest rate) repayment months ]=[(65438+ 10 monthly interest rate) repayment months-1]

Second, the average capital calculation formula:

Monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate, where the symbol represents power.

For example, suppose the principal is 10000 yuan, the bank loan is 10 year, and the benchmark interest rate is 6.65%, and compare the differences between the two loan methods.

Extended data:

Loans can be mortgaged (real estate, etc.). ) or secured loans, the latter with a smaller loan amount.

Calculation method of bank loan interest: Generally, compound interest is calculated on a monthly basis. There are two ways to repay by installments: one is equal principal and interest, and the other is average capital. In the short term, you can also repay the principal and interest in one lump sum.

Generally speaking, the interest rate formula for calculating interest mainly includes:

Monthly interest rate = annual interest rate/12, daily interest rate = annual interest rate /360.

According to different repayment methods, the algorithm of interest is also different, but the basic algorithm is as follows:

Loan interest of the current month = monthly interest rate of the remaining principal loan of the previous month.

Repayment of principal in the current month = repayment amount in the current month-loan interest in the current month

Last month's remaining principal = total loan-accumulated repaid principal.