The monthly interest rate is calculated as follows: the loan amount is multiplied by the monthly interest rate, and the annual interest rate is calculated as follows: the loan amount is multiplied by the annual interest rate, mainly because the interest rate is different. The monthly interest rate can be converted into annual interest rate, and the monthly interest rate is multiplied by 12= annual interest rate. If the loan term is in years and the repayment method is equal principal and interest or equal capital, the calculation method of interest will be different. Common car loans and mortgage loans generally adopt the repayment method of equal principal and interest or average capital. It is suggested to use a loan calculator to calculate directly, but it will be more complicated to calculate with a formula. Interest is the use fee of money in a certain period of time, and it refers to the reward that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit. Interest is the reward obtained by the fund owner for lending the fund, which comes from part of the profits formed by the producers using the fund to play their business functions. Refers to the value-added amount brought by monetary funds injected into the real economic sector and returned. The calculation formula is: interest is equal to principal multiplied by interest rate multiplied by deposit term multiplied by 100%, which can be divided into bank interest receivable and bank interest payable according to the nature of banking business. Interest receivable refers to the remuneration that the bank obtains from the borrower by lending to the borrower; It is the price that the borrower must pay for using the funds; It is also part of the bank's profits. Interest payable refers to the remuneration paid to depositors by banks to absorb their deposits; It is the price that banks must pay to absorb deposits, and it is also part of the cost of banks. Monetary interest theory holds that interest is the cost of borrowing money and selling securities, as well as the income from lending and buying securities. As a monetary phenomenon, interest rate is completely determined by the supply and demand of money.
I would like to ask how to calculate the monthly interest rate and annual interest rate when lending.
Monthly interest and annual interest are actually the same thing. Paying interest every month is enough for 12 months, which is equivalent to paying annual interest at the annual interest rate. Generally speaking, the monthly interest rate is percent (‰) and the annual interest rate is percent (%). If the monthly interest rate is 6‰ (that is, 0.6%), then the annual interest rate of drifting is 6 ‰× 12 = 7.2%. Assuming that the loan is 150000 yuan and the monthly interest rate is 6‰, the monthly interest is 150000× 6 ‰ = 900 yuan, and the annual interest is 900× 12 = 10800 yuan. This is the same as the annual interest rate, which is150000× 7.2% =10800 yuan.
3. I want to ask how to calculate the monthly interest and annual interest when lending.
The loan interest rate standard of China People's Bank is calculated by "annual interest rate". Numbers are generally expressed as percentages. The monthly interest rate of "annual interest rate of 5.3% 1" is calculated by dividing the annual interest rate by 12 natural months, that is, "monthly interest rate = annual interest rate/12 months". Numbers are generally expressed in thousandths. Suppose the loan is 654.38+0.5 million, and the monthly interest rate is 0.6%, then the annual interest rate is 7.2%.
Monthly interest rate and annual interest rate are two ways to express interest rate: if the interest rate of a product is 6%, it means that the year is five thousandths. Simply put, the annual interest rate is a percentage, and the monthly interest rate is one thousandth.
For example, the monthly interest rate of this new product, 500 yuan, is 6% after one year, that is, the payment of 10600 due after one year is just another expression.
4. I want to ask how to calculate the monthly interest and annual interest when lending.
In fact, the current credit loan interest rate is generally 0.8-2.88% per month, which depends on the borrower's qualification and the loan institution chosen.
For example, if the borrower has good qualifications and chooses a bank to bid, the interest rate of the credit loan is generally around 1 1% per year. If the company is selected, the interest rate of the loan is 2.2-3.5% per month. Of course, if the borrower is well qualified, has no bad credit record and has property such as real estate and stocks, he can enjoy more favorable credit loan interest rate.
In addition, the amount of credit loan interest can be calculated according to the loan amount, interest rate, term and repayment method. As far as repayment methods are concerned, matching principal and interest and average capital are two common repayment methods.
Their respective calculation methods are: average capital interest = (loan principal-accumulated principal repayment amount) monthly interest rate repayment months.
; The interest of equal principal and interest can be calculated by subtracting the monthly principal from the monthly payment.
For more information about credit card loans, please refer to the following materials:
How much is the interest on the credit card loan? What are the credit card loan application steps?