The calculation formula of loan interest is: loan interest = loan amount × loan interest rate × loan term, and the total interest generated by different repayment methods is different.
If you want to calculate the repayment method, it is more complicated and needs to be calculated with a mortgage calculator. Suppose Miss Yan takes out a mortgage of 600,000 yuan, and the annual interest rate rises by 10% for 20 years. The benchmark interest rate for loans over five years is 6.55%, and the increase of 10% should be: 6.55 %× (110%) = 7.205%.
With a calculator, it can be calculated that the total loan interest is 534 18.47 yuan, and the monthly repayment is 4,725,338+0 yuan.
Matters needing attention in mortgage loan
1. Choose the repayment method that suits you. Repayment methods are divided into equal principal and interest and average principal. Matching principal and interest repayment method is suitable for customers with stable economic income, and average capital is suitable for customers with higher current income.
2. The loan amount should be moderate, the higher the loan amount, the better, and it should be within its own repayment ability.
Don't forget to go through the mortgage formalities when the loan is settled, because you need to use the purchased property as collateral when you go through the mortgage loan, and you have to go through the mortgage formalities after the loan is settled.
How to calculate the interest on the loan for 20 years?
The loan is 200,000 yuan and the mortgage is 5 years. According to the current benchmark interest rate of the bank, the monthly repayment amount is as follows:
Equal principal and interest transfer method:
The total loan is 200,000 yuan.
Repayment months: 60 months
The monthly repayment is 3797.20 yuan.
The total interest paid is 278,365,438+0.865,438+0 yuan.
The total principal and interest is 22783 1.8 1 yuan.
Average capital repayment method:
The total loan is 200,000 yuan.
Number of repayment months is 60 months.
The repayment in the first month is 4208.33 yuan.
Decreasing monthly: 14.58 yuan
Total interest paid is 26,687.50 yuan.
The total principal and interest is 226,687.50 yuan.
How much is the 20-year interest on a 400,000 loan?
The loan of 400,000 yuan will be paid off in 20 years. Assuming an annual interest rate of 4.90%, the interest is calculated as follows:
Matching repayment method of principal and interest: monthly repayment amount = loan principal × [monthly interest rate× (1interest rate) repayment months ]=[( 1 interest rate) repayment months-1]. According to the formula, the monthly repayment amount is 26 17.78 yuan, 20.
Average repayment method: monthly repayment amount = principal/repayment months (principal-accumulated repaid principal) monthly interest rate. According to the formula, the repayment amount in the first month is 3300 yuan, and then it will decrease by 6.8 1 yuan every month. A total of 65,438+096,894.76 yuan of interest has to be repaid in 20 years.
Loan (electronic IOU credit loan) is simply understood as borrowing money with interest.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
interest
Interest refers to the remuneration paid by the borrower to the lender in order to obtain the right to use the funds, which is the use price of the funds in a certain period (that is, the loan principal). The loan interest can be calculated in detail by the loan interest calculator.
In civil law, interest is the legal fruit of principal.
Repayment method
(1) Equal principal and interest repayment method: equal repayment every month, the sum of loan principal and interest. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same;
(2) average capital repayment method: that is, the borrower distributes the loan amount to each period (month) evenly throughout the repayment period and pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month;
(3) Paying interest and principal on a monthly basis: that is, the borrower repays the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis and the interest is repaid on a monthly basis;
(4) Repay part of the loan in advance: that is, the borrower can repay part of the loan amount in advance when applying to the bank, which is generally an integer multiple of 65,438+0,000 or 65,438+0,000. After repayment, the lending bank will issue a new repayment plan, and the repayment amount and repayment period will change, but the repayment method will remain unchanged, and the new repayment period shall not exceed the original loan period.
(5) prepayment of all loans: that is, the borrower can repay all the loan amount in advance when applying to the bank, and the loan bank will terminate the borrower's loan at this time after repayment and handle the corresponding cancellation procedures.
(6) Pay back as you borrow: interest is calculated on a daily basis after borrowing, and interest is calculated on a daily basis. You can pay the money in one lump sum at any time without any penalty.
How much interest is the loan for 200,000 years per month?
The mortgage interest rate is generally 5.9%. If calculated at this interest rate, the monthly loan for 20 years is 200,000 yuan, which is 142 1.35 yuan. Calculation method of monthly mortgage payment: [loan principal × monthly interest rate ×( 1 interest rate )× repayment months ]↓[( 1 interest rate )× repayment months].
1. Reasonable selection of loan amount and term.
Lend according to the amount you need, and think carefully before lending to see if your financial situation can repay the monthly payment, so as to avoid too much pressure on yourself due to the excessive repayment amount in each installment.
2. Rational prepayment
By the end of the year, many mortgage borrowers will repay in advance without other investments, thus ending the life of house slaves. In fact, this is not the best choice, because if there is a demand for funds in advance, there is no way to deal with emergencies. You can simply invest and manage the funds, and then use the income from the investment to offset the interest expenses of the loan.
The following examples illustrate the equal principal and interest repayment method. Suppose that the borrower obtains a personal housing loan of 200,000 yuan from the bank, with a loan term of 20 years and a monthly interest rate of 4.2‰, and pays the principal and interest every month.
1. According to the above formula, the sum of the principal and interest to be repaid each month is 1324.33 yuan.
2. The above results only give the sum of the principal and interest payable each month, so it is necessary to decompose this principal and interest. Still on the basis of the above example, one month is the down payment, the balance of the down payment is 200,000 yuan, and the interest payable is 840.00 yuan (200,000× 4.2 ‰), so only the principal can be returned to 484.33 yuan, and the bank loan is still 1995 13.59 yuan; The interest payable in the second phase is (1995 13.59×4.2‰).
Bank loan is 200 thousand, what is the interest for 20 years?
Depending on the term of personal loan and the bank of loan, the loan term and the bank of loan have different loan interest.
Interest = principal × interest rate× loan term
As the individual said, the loan is 200,000 yuan, the monthly interest rate is 0.7 1%, and the monthly interest payable is
2000000.7 1% 1 month = 1420 yuan.
The annual interest rate is 0.71%12 = 8.521%.
Borrow 200,000 yuan, term 1 year, annual interest rate of 8.52 1%, and annual interest of 200,000 yuan.
8.52 1% 1 year = 17042 yuan.
Extended data:
Provisions for calculating deposit term
1. When calculating the interest, the number of days of deposit is calculated at the beginning, not at the end, that is, from the deposit date to the day before withdrawal.
2, regardless of leap year, average year, regardless of the size of the month, 360 days a year, 30 days a month.
3. Calculated by year, month and day, the maturity date of various time deposits shall be subject to year, month and day. That is, from the deposit date to the same day of the following year is a pair of years, and the deposit date to the same day of next month is a pair of months.
4. Maturity date of time deposit. For example, if you don't work on legal holidays, you can withdraw one day in advance and calculate interest at maturity. The procedure is the same as that of early withdrawal.
The calculation formula of interest: principal × annual interest rate (percentage) × deposit period.
If the interest tax is X (1-5%)
Total principal and interest = principal interest
The calculation formula of accrued interest is: accrued interest = principal × interest rate × time.
Accrued interest shall be accurate to two decimal places, and the number of interest-bearing days shall be calculated according to the actual holding days.
PS: The deposit period should correspond to the interest rate, not necessarily the annual interest rate, but also the daily interest rate and the monthly interest rate.