The commonly used repayment methods are: matching principal and interest, average capital, one-time repayment of principal and interest at maturity, and one-time repayment of principal and interest on schedule. The latter two methods are mainly provided to the bank's very high-quality customers and only apply to loans within one year.

Second, the specific calculation of interest on decoration loan 1000000.

Assuming that the one-year interest rate of the decoration loan is 4.35%, then:

1, equal principal and interest

One-year interest = 23,765,438+0.88 yuan,

2. Average capital

One-year interest =2356.25 yuan,

3. Repay the principal in one lump sum at maturity.

One-year interest =4350 yuan,

It can be seen that due to the one-time repayment method, the loan principal will last for one year before it can be paid off, so the interest is almost twice that of the other two methods, while the total interest of the equal principal and interest and the average capital is relatively small, but the monthly repayment is about 8,500 yuan, and the repayment pressure is still relatively large.

Third, the decoration loan related suggestions

Although the term of decoration loan is not as long as that of house purchase loan, the longest installment is 10 year. You can choose the appropriate loan term according to your actual situation to reduce the pressure on monthly payment.