The daily interest depends not only on your loan interest rate, but also on your loan amount. If you borrow 10000 yuan, the daily interest is 10000×8.35%÷360=2.32 yuan. Interest = principal x interest rate x time.

I. Calculation formula of loan interest rate

(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

(two) banks can use the product interest method and the transaction interest method to calculate interest.

1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is:

Interest = cumulative interest-bearing product × daily interest rate, where cumulative interest-bearing product = total daily balance.

2. Transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term, with three details:

If the interest-bearing period is a whole year (month), the interest-bearing formula is:

① Interest = principal × year (month )× year (month) interest rate

If the interest-bearing period is a whole year (month) and days, the interest-bearing formula is:

② Interest = principal × year (month) × year (month) interest rate principal × odd days × daily interest rate.

At the same time, banks can choose to convert all interest-bearing periods into actual days to calculate interest, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar of the current month. The interest-bearing formula is as follows:

③ Interest = principal × actual days × daily interest rate

These three formulas are essentially the same, but because the interest rate conversion only takes 360 days a year, it takes 365 days a year to calculate the actual daily interest rate, and the result will be slightly biased. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract.

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

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

(V) loans overdue liquidated damages: penalties for the defaulting party with the same nature as penalty interest.

(six) the formulation and filing of interest calculation methods

The interest-bearing settlement rules and methods for deposit and loan business formulated by national commercial banks as legal persons shall be reported to the head office of the People's Bank of China for the record, and the customers shall be informed; Regional commercial banks and urban credit cooperatives should be reported to the branches of the People's Bank of China and the central branch of the provincial capital for the record, and inform customers; County rural credit cooperatives as legal persons may, according to the actual situation of the county rural credit cooperatives, formulate the rules for interest calculation and settlement and the interest-bearing measures for deposit and loan business, and report them to the branch of the People's Bank of China and the central branch of the provincial capital for the record, and the rural credit cooperatives as legal persons shall notify the customers.

What is the monthly interest on the loan 10000?

The annual interest rate of bank loans is 3.85%. Suppose you deposit 10000 yuan with annual interest of 385 yuan.

The annual interest rate of bank loans is 3.85%. If the calculation method of one-time repayment of principal and interest is adopted, the loan interest is 3.85% of the loan principal, and the loan term is (years). However, if you use equal principal and interest or equal principal repayment, because the formula is complicated, we will not write the formula here for the time being, and users can use the calculator provided online to calculate the corresponding interest.

In short, the loan interest rate of 3.85% is a low loan interest rate, and the bank loan can be obtained at this interest rate, which shows that the credit qualification conditions of users are excellent.

The calculation method of annual interest rate is: interest = number of years of deposit. If you deposit 65438+ 100000 yuan in the bank for two years with an annual interest rate of 3.85%, the interest after two years will be 770 yuan, and the total principal and interest will be 10770. However, if you deposit for a fixed period of one year, you can enjoy compound interest, with the interest of 385 yuan in the first year and 399.8 yuan in the second year, and the principal plus interest 10784.8. The daily interest rate is usually expressed as a few ten thousandths of the principal, calculated on a daily basis. The specific calculation formula is: daily interest rate = annual interest rate 360= monthly interest rate 30; The monthly interest rate is expressed as a few thousandths of the principal, and the interest is calculated monthly. The specific calculation formula is: monthly interest rate = annual interest rate 12= daily interest rate 30.

For example, the daily interest rate of a loan product is five ten thousandths, which means the daily interest rate is 0.05%. If it is calculated as 30 days a month and 360 days a year. Then, its monthly interest rate is 0.05%30= 1.5%, and its annual interest rate is1.5%12 =18%.

For most people, interest rate is not only the cost of loan, but also the reference of deposit income. So, whether it's a loan or a deposit. Users must know its daily, monthly and annual interest rates. Then, according to your own judgment, decide whether to borrow or deposit.

In addition, some private lending interests also need users' attention. Some interest here refers to the monthly interest rate. For example, two interest points mean that the monthly interest rate is 2% and the annual interest rate is 2% 12=24%. The user borrows 10000 yuan, and the interest is 2400 yuan a year.

What is the daily interest of bank loan 10000?

The calculation formula of bank deposit interest is: interest = principal × interest rate × time, and the three-month annual interest rate of bank deposit and withdrawal is 2.6%. Assuming that 65,438+00,000 yuan is deposited and withdrawn for three months, you can get the interest of 65,438+000,002.6%/65,438+023 = 65 yuan.

Because the interest rate of a bank is generally expressed by the annual interest rate, it is necessary to pay attention to converting the interest rate into an interest rate that matches the time when calculating the interest rate, or to calculate it after the conversion time.

At present, the interest rate of bank loans within one year (including one year) is 4.35%, and the interest of loans of 65438+ 10000 is:

1. Conventional algorithm: 100004.35%=435 yuan, that is, the interest of bank loan 10000 is 435 yuan. However, because banks usually calculate interest according to the repayment method, the interest calculated in the following two ways is more accurate.

2. Matching repayment of principal and interest: the monthly repayment is 853. 10 yuan, the total repayment amount is 10237. 19 yuan, and the total interest is 237.6438+09 yuan.

Three. Matching principal repayment: the repayment in the first month is 869.58 yuan, with a monthly decrease of 3.02 yuan. The total repayment is 10235.63 yuan, and the total interest is 235.63 yuan.

Conditions for bank loans:

1. Personal credit record is good.

Credit history is no stranger to friends who often borrow money. First of all, the bank's inspection of you is to see if your credit is up to standard. This is one of the most basic conditions. When you apply for a loan, the bank will begin to examine your personal credit. If you have accumulated more than three overdue records, no matter how good the conditions are, the bank will not hesitate to shut you out. Therefore, credit cards, car loans and other loans must be paid off in time. Finally, you always have to pay them back, and your credit history will get worse. If you are a person who has never borrowed money, congratulations on your good credit. The bank likes you best.

Second, the work unit is stable and the education is high.

The world has classes. A doctor and a primary school graduate go to the loan together, and the bank will definitely give priority to doctoral students only in terms of academic qualifications. It is because of the high doctoral degree. There is nothing to complain about, after all, it is the result of decades of hard study at the cold window. For this work unit and education, it is also one of the more important conditions for bank loans. If you are an employee of a Fortune 500 company or a state-owned enterprise with a relatively high education, the bank will give you a loan every minute. Because this is the guarantee of your high income and your high repayment ability. Banks naturally like people like you.

Third, the family background is good

This project is a plus item for lenders. If you already have some properties and funds in your name, your loan will be very easy. After all, your financial ability is recognized. It's more reassuring for the bank to lend you money. It shows that you have the ability to repay on time. Of course, if you have the above three conditions, then the door of the bank will always be open for you.

When it comes to bank loans, you are bound to get unexpected interest. After all, the amount of interest determines your repayment amount and whether it is appropriate to apply for a loan yourself. The interest of bank loans is transparent, so you don't have to worry about the phenomenon of routine loans or yes. However, there are not many conditions for handling loans in banks. As long as you have a stable job and good credit, you can basically apply.

How much is the interest on a loan of ten thousand yuan?

Take the latest loan interest rate of China Bank in February 20 19 as an example. The loan interest of 1 year 1000 yuan is 430 yuan.

20 19 12 the preferential interest rate for bank loans in China is 4.3%, and the loan interest 100004.3% = 430 yuan.

Extended data

The bank loan interest rate is determined by the loan contract interest rate of banks and other financial institutions as lenders, and both parties can only determine it through consultation within the upper and lower limits of interest rates stipulated by the People's Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease. There are three factors that determine loan interest: loan amount, loan term and loan interest rate.

The decisive factors of bank loan interest are:

1, bank cost. Any economic activity needs cost-benefit comparison. There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business.

2. Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest.

3. Supply and demand of loan funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa. In addition, the loan interest rate also needs to consider price changes, securities returns, political factors and so on.