The calculation formula is: equal monthly repayment amount of principal and interest = [monthly interest rate * loan principal * (monthly interest rate+1) repayment months ]=[( 1+ monthly interest rate) repayment months-1].
Add up the total principal and interest of the mortgage loan and distribute it evenly to each month of the repayment period. The monthly repayment amount is fixed, but the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month. This method is the most common and recommended by most banks for a long time.
Matching principal and interest repayment method refers to the borrower's equal repayment of loan principal and interest every month, in which the monthly loan interest is calculated according to the remaining loan principal at the beginning of the month and settled every month.
The average capital repayment method means that the borrower repays the loan principal with the same amount (loan amount/loan months) every month, calculates the loan interest according to the remaining loan principal at the beginning of the month, and settles it every month, and the sum of the two is the monthly repayment amount.
Extended data:
Matching principal and interest repayment method, that is, the borrower repays the loan principal and interest in equal amount every month, in which the monthly loan interest is calculated according to the remaining loan principal at the beginning of the month and settled every month.
Because the monthly repayment amount is equal, in the initial monthly repayment of the loan, after excluding the monthly settlement interest, the loan principal is less; In the later stage of the loan, due to the continuous reduction of the loan principal, the loan interest is continuously reduced in the monthly repayment amount, and the monthly repayment of the loan principal is more.
This repayment method actually takes up more bank loans and takes longer. At the same time, it is also convenient for borrowers to reasonably arrange their monthly life and financial management (such as renting a house, etc.). ). It is undoubtedly the best choice for those who are proficient in investment and are good at "taking Qian Shengqian as their home"!
How to calculate the interest on online loans?
Lending between natural persons or between natural persons and legal persons or other organizations of non-financial institutions belongs to private lending. According to the provisions of the Civil Code, an acceptance contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest. Generally speaking, the purpose of lending money to borrowers is to obtain interest. From the borrower's point of view, interest rate is the unit cost of using money, and it is the price that the borrower pays the lender in the lender's currency; From the lender's point of view, interest rate is the rate of return that the lender obtains through lending. In fact, interest rate is the ratio of interest to capital. If I is used to represent the interest rate, I is used to represent the interest amount, and P is used to represent the principal, the interest rate can be expressed by the formula: I = I/P. The interest per unit time is equal to the principal multiplied by the interest rate.
For example, the monthly interest rate is 20‰, and the monthly interest rate of 10000 yuan is 200 yuan. Calculation formula: 10000 Yuan× 20 ‰ = 200 yuan. Generally speaking, interest rates are expressed by annual interest rate, monthly interest rate and daily interest rate. According to industry rules, the daily interest rate is one ten thousandth (? ), the monthly interest rate is expressed in one thousandth (‰), and the annual interest rate is expressed in one percent (%). If not specified,? Represents the daily interest rate, and ‰ represents the monthly interest rate. The conversion formula among% annual, monthly and daily interest rates is: daily interest rate (? ) = annual interest rate (%)/360; Monthly interest rate (‰) = annual interest rate (%)/12; Daily interest rate (? ) = monthly interest rate (‰)/30. For example, the interest written by the parties on the IOU is 5‰, which means that the monthly interest rate is 5 ‰. If the IOU says 5%, the annual interest rate is 5%. If the monthly interest rate agreed on the promissory note is 5%, it should be written as 50‰ in the standard monthly interest rate representation.
People often say "how many centimetres (cents) of annual (monthly) interest" refers to how many centimetres (cents) of interest should be paid for a dollar of principal. For example, "2 cents a month" means that the interest on a dollar is 2 cents a month. The monthly interest rate is 0.02 yuan/1 yuan =20‰, and the annualized interest rate is 20‰× 12=24%. Then, the annual interest of one yuan is 24 cents. Calculation formula: 1 yuan× 24% = 0.24 yuan.
How much interest does a 11,000-month online loan generally cost? Take lending as an example.
; ? Many borrowers pay special attention to their loan interest when applying for online loans. However, each financial institution has a different definition of loan interest, and the loan interest rate will be different with different qualifications of borrowers. How much interest does a 11,000-month online loan generally cost? Take lending as an example.
How much interest does a 11,000-month online loan generally cost?
In the case of online lending, the annual interest rate of the loan cannot exceed 36%. Because more than 36% is usury, and there are regulations in the Supreme People's Court, the interest agreement of more than 36% is invalid. The people's court also supports the borrower's request to the lender to return the interest that he has paid more than 36%.
Convert the annual interest rate of 36% into monthly interest rate: 36%÷ 12 (month) = 3%; The converted daily interest rate is: 36%÷360 (days) = assuming the loan amount applied by the borrower 10000 yuan, the minimum daily interest for one day is 1 yuan, and the maximum daily interest is 7 days. After one month, the lowest interest rate for one month is 30 yuan and the highest interest rate is about 2 10 yuan.
Take the loan as an example, and calculate it according to the standard daily interest rate of five ten thousandths per day. Then the monthly repayment amount is 100 yuan. The monthly repayment amount includes principal plus interest. Loan amount 10000 yuan, divided into 12 installments, and the principal of each installment is RMB. The daily interest rate is five ten thousandths, eleven thousand days 5 yuan, one month 150. So the monthly repayment amount is 100 yuan.
In addition, borrowers need to be reminded that the more formal the lending institution, the lower the loan interest rate. But also related to the borrower's loan qualification. The higher the comprehensive loan qualification, the lower the loan interest rate.
The above is the sharing of the related content of "How much interest is the online loan for 11 thousand a month", I hope it will help everyone!