1. First, calculate the monthly principal repayment: 50000/36=1388.9 yuan;

2. As for the interest, you didn’t mention it here, so I will follow the bank’s The monthly interest rate of 0.8% is calculated for you, for reference only. In the end, the actual interest rate is the main one:

50000x0.8%=400 yuan;

3. Combined with each of the above The monthly repayment amount is: 1388.9+400=1788.9 yuan;

The above interest rates are only for reference. In the end, your actual loan interest rate is the main one. The calculation method is basically like this.

1. Basic knowledge of interest calculation

(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1. Daily interest rate (0/000)=Annual interest rate (%)÷360=Monthly interest rate (‰)÷30

2. Monthly interest rate (‰)=Annual interest rate (%)÷12

(2) Banks can use the accumulation interest calculation method and the transaction-by-transaction interest calculation method to calculate interest:

1. The accumulation interest calculation method accumulates the account balance based on the actual number of days every day, multiplying the accumulated accumulation number by the day Interest rate calculates interest. The interest accrual formula is:

Interest = cumulative interest accrual amount × daily interest rate, where cumulative interest accrual amount = total daily balance.

2. The interest calculation method calculates interest on a case-by-case basis according to the predetermined interest calculation formula: interest = principal × interest rate × loan term. There are three specific methods:

The interest calculation period is the entire For years (months), the interest calculation formula is:

①Interest = principal × number of years (months) × interest rate per year (months)

The interest calculation period has a full year (months) ) If there are fractional days, the interest calculation formula is:

②Interest = principal × number of years (months) × annual (months) interest rate + principal × number of fractional days × daily interest rate

< p>At the same time, the bank can choose to calculate interest by converting all interest accrual periods into actual days, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar in that month. The interest calculation formula is:

③Interest = principal × actual number of days × daily interest rate

These three calculation formulas are essentially the same, but since there are only 360 days in a year in interest rate conversion, when actually calculated based on daily interest rates, one year will be 360 ??days. Calculated over 365 days, the results will be slightly biased. Which formula is used to calculate the specific formula? The central bank gives financial institutions the right to choose independently. Therefore, the parties and the financial institution can agree on this in the contract.

(3) Compound interest: Compound interest means charging interest at a certain rate. According to the regulations of the central bank, if the borrower fails to repay the interest within the time stipulated in the contract, compound interest will be charged.

(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest imposed on the defaulter by the bank according to the contract signed with the party concerned is called bank penalty interest.

(5) Overdue loan liquidated damages: The nature is the same as penalty interest, and it is a punitive measure against the party who defaults on the contract.