8% interest usually means 8‰ monthly interest.
Calculation process: 30,000× 8 ‰ = 240 yuan.
Supplementary information:
Annual interest rate and monthly interest rate are relatively standard statements, and percentage is usually a folk statement.
The monthly interest rate is 8‰ (or 0.8%), which can be understood as borrowing 1 0,000 yuan a month, and the interest is 8 yuan.
If the loan is 30,000 yuan and the monthly interest rate is 0.8, the monthly interest and principal need to be repaid 263 1.9.
The calculation company is as follows:
8% interest represents the monthly interest rate =0.8%.
Formula: monthly repayment amount = loan amount * monthly interest rate/1-( 1+ monthly interest rate)-repayment months.
Monthly repayment amount = 30000 * 0.8%/1-(1+0.8%)-12 = 2631.90 yuan.
The monthly repayment is 263 1.90 yuan.
Extended data:
1. What are the conditions for a bank loan of 30,000 yuan?
1. A China citizen who has a permanent residence, permanent residence or valid residence certificate at the place where the loan bank is located, is under 65 years of age (inclusive) and has full capacity for civil conduct;
2. Have a proper occupation and stable income, and have the ability to repay the loan principal and interest on schedule;
3. Have a good credit record and willingness to repay, and no bad credit record;
4. Being able to provide legal, effective and reliable guarantee recognized by the bank;
5. There is a clear loan purpose, and the loan purpose is in compliance with relevant regulations;
6. Other conditions stipulated by the bank.
Second, the significance
Banks put concentrated money and monetary funds out through loans to meet the needs of social expansion and reproduction for supplementary funds and promote economic development; At the same time, it can also obtain loan interest income and increase the bank's own accumulation.
In China, the principle of paid use of loans is also used to promote enterprises to improve their management; Take bank credit as an important way to allocate funds and an important economic lever to regulate the economy.
Supplementary information:
Loans must meet the conditions before they can be issued.
Loan application conditions:
1, if you want to have a fixed income, it depends on the salary details;
2. At least 18-65 years old;
3 loans for business or car purchase, there must be a guarantor and mortgage;
4. Good credit information.
Loan application materials:
1. Lender ID card;
2. The credit information of the lender in the past six months, and the credit information is good;
3. The bank card under the lender's name has been flowing for nearly half a year without interruption;
4. The lender's residence certificate (rental contract, real estate license, water and electricity invoices for the last three months);
5. Income certificate issued by the lender's work unit;
6. Social security, insurance policies and provident fund can also be loaned on a monthly basis.
If you want to borrow a higher amount, you can do mortgage loans, such as houses and cars.