Hello, it depends on which repayment method you choose and the bank’s interest rate.

1. Calculation formula for equal-amount principal loans:

Monthly repayment amount = (loan principal/number of repayment months) + (principal - cumulative amount of principal repaid) ）

2. Equal principal and interest means repaying the same amount of loan (including principal and interest) every month during the repayment period.

Monthly repayment amount = [Loan principal×monthly interest rate×(1+monthly interest rate)^number of repayment months]÷[(1+monthly interest rate)^number of repayment months-1]< /p>

Features of the equal principal and interest repayment method: The principal of the equal principal and interest repayment method increases month by month, the interest decreases month by month, and the monthly repayment amount remains unchanged

We hope to adopt it!