Mortgage calculator is a professional mortgage calculation software. Calculate the monthly payment, total interest and total repayment of commercial loans when choosing the repayment method of average capital and equal principal and interest.

1. Calculate the monthly payment, total interest and total repayment when the average capital and equal principal and interest repayment methods are selected for commercial loans.

2. Short-term loans generally use one-time repayment of principal and interest or installment repayment of principal and interest, and this calculator is not applicable.

Operating Steps: Step 1: First, choose whether your repayment method is average capital or equal principal and interest, and fill in the commercial loan term, loan amount and actual loan interest rate;

Step 2: Select whether to display repayment details, and click "Calculate" to get detailed information such as monthly repayment amount, total loan interest, total repayment amount, etc.

How to calculate the monthly payment of commercial loans?

The loan interest rate is 5.445%, which is the annual interest rate. Converted into a monthly interest of 5.445%/12,300,000 yuan, with a term of 10 year (120 months), and the monthly payment is:

3000005.445%/ 12 ( 15.445%/ 12) 120/[( 15.445%/ 12) 120]

Description: 120 is the power of 120.

Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, usually 9 months, and no more than one year at most, but there are also a few medium-and long-term loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans. Commercial loans, also known as individual housing loans, are commercial banks and housing savings banks approved by the People's Bank of China, which provide loans for urban residents to purchase ordinary housing for their own use and implement the statutory loan interest rate. Many commercial banks in Beijing have this business, such as CCB and ABC. The procedures for applying for loans are basically the same.