Interest before capital: generally refers to one-year consumer credit. At present, the loan ceiling is 30w, and the interest will be paid daily. There is no penalty interest for prepayment, and interest is paid first every month. Installment 65438+repayment of principal in the second month+installment 65438+interest in the second month. Therefore, according to the above example, the monthly interest is 10w * 5%/12 = 416.66, and the expenditure in the first12nd month is10w principal +4 16.66.
When customers use this repayment method, the final interest rate is1w/1w/2 *100% = 5%.
Matching principal and interest: Matching principal and interest can be used for general bank loans. Matching principal and interest means that all the principal and corresponding interest generated during the loan period are evenly distributed every month.
This repayment method is characterized by the same repayment amount every month. However, in the monthly repayment amount, the interest is more in the front and the principal is more in the later period. The total interest is 4387.14 * 24-10w = 5291.36.
When customers use this repayment method, the final interest rate is 5291.36/10w/2 *100% = 2.65%.
Average capital: average capital can be used for general bank loans. Average capital refers to the average distribution of all the principal within the loan period in each month, and matching the unpaid interest with the interest corresponding to the principal of the current month every month. The characteristics of this repayment method: the repayment amount is different every month, the first month is the most, and the follow-up is less and less. The principal paid every month is the same.
Take the above as an example, the first month is 4583.33, and then it will decrease by 17.36 every month. According to arithmetic progression's formula, the total interest is (4583.33+4184.05) * 24/2-10w = 5208.56.
With this repayment method, the final interest rate is 5208.56/10w/2 *100% = 2.60%.
As can be seen from the above, the interest before the principal is closest to the original agreed interest rate (5%), the matching principal and interest is only 2.65%, and the average capital is 2.6%. However, if the principal and interest are equal to the average capital, you will pay it back every month. In name, you borrowed 65,438+million, but in fact it's not that much at all. The real interest rate should be doubled.
The equal principal and interest is 5.3%, and the average capital is 5.2%. It seems that you paid more interest first, but this is the interest you really borrowed for one year, and the interest rate is only 5%. In fact, most of the rest of you haven't borrowed enough for a year.
Interest first, capital later, and repayment with borrowing, which is suitable for enterprise turnover and short-term use.
Matching principal and interest is suitable for large-scale consumption, especially consumption beyond short-term payment ability, and the amount is relatively fixed, which is not easy to remember or miss, such as mortgage.
The funds are average, suitable for short-term large-scale consumption, which exceeds your ability to pay in the short term, but can be paid off in the short term. For example, if you have bought a car loan for five years, you may have saved enough money after three years and want to pay it back in advance.
There is little difference between the equal principal and interest and the total interest of average capital, but there is a trap here. Many people think that matching principal and interest is the same, but it is not. In the first phase, 97% of the money you paid back is interest, and only a small part is principal. Then the proportion of interest decreased and the proportion of principal increased.
For example, for the same loan of 654.38+ 10,000 yuan and 654.38+00 years, you have already paid back the principal for two years. It is estimated that the equivalent principal and interest will only be paid back by about 3,000 yuan, and the average principal will be paid back by 20,000 yuan. If you want to repay the loan in advance in the third year, you need to repay the interest converted from 97,000 yuan with equal principal and interest, and the average capital only needs to repay the interest generated from 80,000 yuan.