1. Monthly interest rate: that is, the interest calculated on a monthly basis. The calculation method is: monthly interest rate = annual interest rate ÷ 12 (month).
2. Daily interest rate: The daily interest rate is called the daily interest rate and is calculated on a daily basis. The calculation method is: daily interest rate = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days).
3. Annual interest rate: usually in the form of percentage of principal, interest is calculated annually. Calculation method: annual interest rate = interest ÷ principal ÷ time × 100%.
4. Annualized interest rate: refers to the interest rate at which the inherent rate of return of products is discounted to the whole year, which is quite different from the calculation method of annual interest rate. Assuming that the yield of a wealth management product is one year and the yield is B, the annualized interest rate R is calculated as R=( 1B)A- 1.
5. Calculation formula of equal principal and interest: [loan principal × monthly interest rate× (1interest rate) repayment months] ÷ repayment months [( 1 interest rate) repayment months-1]
6. Average fund calculation formula: monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
Extended information:
Bank loan refers to an economic behavior in which banks lend funds to people in need at a certain interest rate according to national policies and agree to return them within a specified time limit. Generally, you need a guarantee, a house mortgage, or proof of income, and your personal credit information is good before you can apply.
Moreover, in different countries and different development periods of a country, the types of loans classified according to various standards are also different. For example, industrial and commercial loans in the United States mainly include ordinary loan quotas, working capital loans, standby loan commitments, and project loans. In Britain, industrial and commercial loans are mostly in the form of discounted bills, credit accounts and overdraft accounts.
According to different classification standards, there are different types of bank loans. For example:
1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans;
2. According to different repayment methods, it can be divided into demand loans, term loans and overdrafts;
3. According to the purpose or object of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans and securities broker loans.
4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.
5. According to the loan amount, it can be divided into wholesale loans and retail loans;
6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on.
Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation.
The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period.
The loan interest rate is determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, as well as the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. Overdue loans will be punished according to regulations.
The advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.
How to calculate the monthly loan from the bank? What is the calculation method of monthly bank loan?
How to calculate the monthly loan from the bank? What is the calculation method of monthly bank loan? "Monthly payment" refers to the monthly repayment amount that the lender should pay to the loan bank during the repayment period according to the loan agreement, including the principal part and the corresponding interest.
Calculation formula of equal repayment
Monthly principal and interest repayment amount = [monthly interest rate of principal (1 monthly interest rate) repayment months ]/[( 1 monthly interest rate) repayment months-1]
In which: monthly interest = monthly interest rate of residual principal loan.
Calculation principle: from the beginning of monthly contribution, the bank collects the interest of the remaining principal first, and then the principal; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases, but the total monthly payment remains unchanged.
Calculation formula of monthly decreasing repayment amount
Monthly principal = total principal/repayment months
Calculation principle: the amount of principal returned every month is always the same, and the interest decreases with the decrease of the remaining principal.
Friends who borrow money to buy a house should have this experience. After the People's Bank of China adjusted the interest rate (the annual interest rate was raised from 0.0504 to 0.053 1, and it took effect on June 65438+1 October 2005), everyone's monthly repayment amount increased a little. For example, I borrowed 220,000 yuan from China Construction Bank in early 2003. After 20 years, I still pay 1, 456.77 yuan every month. After adjustment, I paid RMB 65,438+0,489.85 per month from June 2005. After the interest rate adjustment, the bank's calculation method is to recalculate the whole repayment period (240 months) according to the new interest rate, so as to get the monthly repayment amount.
This practice is problematic, and it does not follow the principle of repayment calculation determined by the bank: monthly interest = monthly interest rate of residual principal loan. From the monthly contribution, the bank collects the interest of the remaining principal first, and then the principal; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases, but the total monthly payment remains unchanged.
Because the interest rate is high, the interest paid in advance is more. According to the bank's algorithm, it is not recognized that the corresponding principal has been paid.
The correct calculation method is to calculate the remaining principal and the number of remaining repayment periods when the interest rate adjustment takes effect, so as to get the monthly repayment amount, instead of recalculating the whole repayment period at the new interest rate after the interest rate adjustment, because the adjusted interest rate cannot be used before the adjustment.
Pay 20 years according to the amount of 1489.85, and pay about 2000 yuan more.
How to calculate the monthly loan?
If you are going to borrow from China Merchants Bank, the specific monthly payment depends on your loan execution interest rate, term and repayment method. You can try to make monthly payment through China Merchants Bank official website or mobile banking, and the trial results are for reference only.
Mobile banking: After logging in to mobile banking, click "My-All-Assistant-Wealth Calculator-Loan Calculator" and enter information such as amount and annual interest rate in the opened interface to calculate the loan repayment amount.
skill
1. You can choose different repayment methods to calculate the loan principal interest.
2. This calculator is used for the trial calculation of commercial loans of one-card savings card, excluding the trial calculation of credit card e-loan and cash advance.
Home page of China Merchants Bank: After logging in to the home page of Netcom, slide the page down to the middle position, and click on the financial tool-personal loan calculator to try to repay the loan every month.