It means to repay the loan interest to the bank at the interest rate agreed in the loan contract every month after the loan. After the expiration of the loan term, all the loan principal (principal is 654.38+0.07 million) shall be repaid in one lump sum.
Monthly interest payment means that the borrower repays the loan principal in one lump sum on the maturity date of the loan (applicable to loans with a term of less than one year (including one year)). The loan bears interest on a daily basis and the interest is repaid on a monthly basis. The interest settlement date is 2 1 day per month. If the loan principal or interest is in arrears for more than 90 days, the repayment order is loan principal, compound interest, default interest and default interest.
For example, if you borrow 1 1,000 yuan, the monthly interest is 1 1,000 yuan, and the monthly interest is 1 1,000 yuan, and the repayment is still 1 1,000 yuan.
Extended data:
1, calculation of short-term loan interest
Short-term loans (with a term of less than one year, including one year) shall bear interest at the legal loan interest rate of the corresponding grade on the signing date of the loan contract. During the loan contract period, in case of interest rate adjustment, interest will not be calculated by installments.
Short-term loans are settled quarterly, and the 20th day of the last month of each quarter is the settlement date; If the interest is settled on a monthly basis, the 20th of each month is the interest settlement date. The specific interest settlement method shall be determined by the borrower and the lender through consultation. Interest that cannot be paid on schedule during the loan period shall be compounded quarterly or monthly according to the loan contract interest rate, and after loans overdue, at the default interest rate. When the last loan is paid off, the profit will be paid off with the principal.
2. Calculation of long-term loan interest
The interest rate of medium and long-term loans (with a term of more than one year) should be fixed at one year. The loan (including all the funds that should be allocated by installments within one year from the effective date of the loan contract) bears interest according to the legal loan interest rate of the corresponding grade on the effective date of the loan contract, and one year later, the interest rate of the next year is determined according to the legal loan interest rate of the corresponding grade at that time (the first loan is paid by installments).
Medium and long-term loans are settled quarterly, and the 20th of the last month of each quarter is the settlement date. The interest that cannot be paid on schedule during the loan period shall be compounded quarterly according to the contract interest rate, and after loans overdue, it shall be compounded at the default interest rate.
What is quarterly interest settlement and what is monthly interest settlement?
Quarterly interest settlement means quarterly interest settlement. Bank interest settlement refers to the bank's settlement of deposit and loan interest at the agreed interest rate according to the deposit and loan amount in the bank. Except for deposit types such as demand deposit, fixed deposit, notice, agreement, fixed deposit and lump-sum withdrawal, interest calculation and settlement rules.
The interest settlement time of deposits and loans is usually called the interest settlement date. General deposit and loan interest is settled quarterly at the monthly interest rate, that is, the 20th of the last month of each quarter is the settlement date. The start and end date of interest calculation is 2 1 day of last quarter month to 20th of last quarter month. The quarterly interest settlement method is applicable to deposits and loans (including agriculture) in the liquidity field of industrial and commercial enterprises. If the interest is calculated according to the annual interest rate, it will be settled once a year, and the settlement date will be 65438+February 20, except for the infrastructure loan of China Construction Bank. That is, from 65438+February 2 1 day last year to 65438+February 20 this year, it is regarded as an interest settlement period. The interest settled on the above interest settlement date will be transferred to the next day (postponed in case of holidays) after being audited. The current savings deposit uniformly stipulates that June 30th of each year is the interest-bearing date, that is, from July 1 day of last year to June 30th of this year is an interest-bearing period. The entry date is the next bank working day after the interest settlement date, that is, July 1 day (postponed in case of holidays). The interest on time deposits shall be calculated on an annual and monthly basis, and the principal and interest shall be repaid at maturity. When the interest-bearing deposit arrives in the account or the borrower pays off the loan, the interest shall be settled immediately and together with the principal, which is called interest settlement with the principal.
Annual interest settlement is a method of calculating interest once a year. For example: personal pension account, employee pension insurance account, housing provident fund account, etc. If the company cancels the account, the interest will be settled at any time. If interest needs to be calculated by stages after interest rate adjustment, it must be calculated by stages according to the unified adjustment time and interest rate. The interest settlement date is 65438+ February 20th or June 20th every year. 1, 1, before the interest rate adjustment in July 1995, the bank accounting system stipulated that the interest settlement date of this loan was1February 20, that is, from1June 2 of the previous year to1June of this year. The interest settlement date of the provident fund is June 30th every year. Interest settlement began in July last year 1 and ended on June 30 this year. As the interest settlement period, interest is recorded in July 1.
What is the monthly interest settlement amount of ABC?
Hello! If there is deposit in your personal current account, we will transfer the interest of current deposit to your account in the last month of each quarter (March 2 1, June 2 1, September 2 1, February 2 1), and
Demand deposits in debit card accounts are settled quarterly, and the 20th of each quarter is the settlement date. Interest is calculated according to the settlement date or its interest rate, and the interest is transferred to the principal on 2 1. If the account is closed before the interest settlement date, the interest will be calculated according to the current interest rate published on the account closing date until the day before the account closing.
(Answer time: 2021April 16. In case of business change, please refer to the actual situation. )