If the loan 10000 yuan and the monthly interest rate is 25 yuan, that is, the monthly interest rate is 0.25% (25/ 10000 = 0.25%), then:

Annual interest rate = 0.25 * 12 = 3%

The interest rate is not high, lower than the benchmark interest rate. But if it is charged according to the handling fee, it will become the interest rate, which is about 5.6%. The difference between the two is that the handling fee is fixed, and the interest rate is decreasing according to simple interest, and it is calculated according to compound interest.

The loan is 654.38 million yuan, the loan term is 5 years, and the annual principal is 20,000 yuan, which is charged according to the handling fee, and the handling fee is fixed at 3,000 yuan per year for 5 years. However, according to the interest rate, you need to pay 3,000 yuan in the first year, and only 2,400 yuan in the second year (decreasing by 600 yuan every year). Because you paid back 20 thousand in the first year, and you only need to pay back 80 thousand interest in the second year.

Extended data:

Calculation formula of bank loan interest:

1. Equal principal and interest:

Add up the loan interest and principal, and then spread it equally to each month of the loan term, and pay back the same money every month.

Calculation formula: monthly repayment amount = [principal * monthly interest rate *( 1+ monthly interest rate) * loan months ]/[( 1+ monthly interest rate) * (repayment months-1)].

Second, the average capital:

Divide the loan principal equally, and calculate the interest of the current month according to the remaining unpaid amount. The principal of each repayment remains unchanged, and the interest is getting less and less.

Calculation formula: monthly repayment amount = (principal/repayment months)+(principal-accumulated principal repaid) × monthly interest rate.