Matching principal and interest repayment method:
Total interest: 1639.86
Total accumulated loan repayment: 565,438+0639.86
Monthly repayment interest: 4303.32
Average capital repayment method:
Total interest: 1625.00
Total amount of accumulated loan repayment: 5 1625.00
Monthly repayment interest: 44 16.67
The latest benchmark interest rate of central bank loans in 20 14 is as follows:
Loans within six months (including six months) 5.60
Loans from six months to 1 year (including 1 year) are 6.00.
Loans for one to three years (including three years) 6. 15
Loans for three to five years (including five years) 6.40
Loans for more than five years 6.55
At present, the interest rate of 1 year loan stipulated by the People's Bank of China is 6%, but it is not exactly the same among banks and may fluctuate up and down.
Take ICBC as an example:
On July 6, 20 12, the annual loan interest rate of ICBC/kloc-0 was 6%.
If the loan is repaid on a monthly basis
If you repay the loan monthly, there are two repayment methods: one is equal principal and interest, and the other is equal principal repayment. Choose different repayment methods, and the interest generated will be different!
Calculation formula of equal principal and interest:
[loan principal × monthly interest rate ×( 1+ monthly interest rate) repayment months ]=[( 1+ monthly interest rate) repayment months-1]
Average capital calculation formula:
Monthly repayment amount = (loan principal ÷ repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.