1. How to calculate the car loan?
bank: principal× interest rate
car loan company: principal× interest rate handling fee
2. How to calculate the annual interest rate of car loan
The method of calculating the annual interest rate of car loan is: interest = loan amount× loan time× annual interest rate of car loan.
The annual interest rate of car loans is generally floating on the benchmark interest rate of central bank loans. The benchmark interest rate of loans is:
1. The interest rate of loans within one year (including one year) is 4.35%;
2. The interest rate of loans within one to five years (including five years) is 4.75%;
3. The interest rate of loans with more than five years is 4.9%.
Generally, the maximum loan period for a car loan is five years. If your loan period is three years and the loan amount is 2, yuan, the interest will be 2,× 4.75 %× 3 = 28,5 yuan according to the benchmark interest rate of 4.75%.
1. What is the annual interest rate of car loan?
At present, the annualized loan interest rate corresponding to the one-year total interest rate of 3.5% is about 6.5%, 3.8% is about 7%, and 4%, 4.5% and 5% are 7.4%, 8.3% and 9.3% respectively. At present, the mainstream one-year car loan interest rate is 3.5%.
for example, if a one-year car loan is 12, yuan, you need to repay 1, yuan every month, and 4% of the total interest rate for one year will be used to repay the expenses of 4,8 yuan together with the first installment. In fact, the 12 installments of the car loan are loaned for one month and two months, until 12 months, and the average loan period is 6.5 months, so it is estimated that the annualized loan interest rate is about 7.4%.
At present, the total interest rate of car loans for two years is 7%-9.5%. Among them, 7% interest rate corresponds to the annualized loan interest rate of about 6.7%, 8% corresponds to the annualized loan interest rate of about 7.7%, and 9.5% corresponds to the annualized loan interest rate of 9.1%. At present, the mainstream of three-year car loan is between 9.5% and 12.5%, of which the lower 9.5% corresponds to an annualized loan interest rate of about 6.2%, 1.5% to an annualized loan interest rate of about 6.8%, 12% to an annualized loan interest rate of about 7.7% and 12.5% to an annualized loan interest rate of about 8.1%.
at present, the benchmark interest rate of bank loans is 6% for one year, and 6.15% for two-year and three-year loans. At present, the mainstream car loan interest rate is higher than the benchmark interest rate of bank loans for the same period. In this regard, a bank account manager said that the bank's current loan resources are getting more and more tense. Compared with the current loan interest rate of more than 8% for small and medium-sized enterprises, the interest rate of car loans is still relatively low, and the single loan amount of car loans is small, which leads to the car loan interest rate is usually the benchmark interest rate.
Another issue that needs careful calculation is the loan term of car loans. Whether it is a 4S shop or a bank, the mainstream car loan proposal is 2 years or 3 years, so that the monthly loan amount is moderate, which is beneficial to the medium-term financial planning. For example, if you buy a family car with a loan of 12, yuan, if you pay it off in one year, you need to repay 1, yuan every month. If it is two years, it needs to repay 5, yuan per month, and if it is three years, it needs to repay 3,333 yuan per month. The installment amount of car loan for two or three years is an affordable monthly payment for residents in big cities.
2. What is the annual interest rate of car loans for three years
Most of the interest rates of car loans for three years in financial institutions fluctuate on the basis of the benchmark interest rate of China People's Bank, and the specific floating standard is related to the qualifications of the applicants. At present, the benchmark interest rate of the People's Bank of China for three-year loans is 4.75%/year, and major financial institutions may fluctuate on this basis.
third, how to calculate the car loan interest rate?
how to calculate the interest?
There are two repayment methods for auto loans: matching principal and interest and average capital, and the repayment method chosen is the one. Interest is also calculated in different ways.
1. Matching principal and interest:
Monthly repayment amount = [loan principal× monthly interest rate× (January interest rate) repayment months] ÷ [(January interest rate) repayment months-1].
for example, if the loan is 3, yuan, and the loan interest rate is 4.9% for 2 years, then the monthly repayment amount = {3,× (4.9%/12 )× [1 (4.9%/12)] 24} ÷ {[1 (4.9%/12).
2. average capital:
Monthly repayment amount = (loan principal ÷ repayment months) (loan principal-accumulated amount of repaid principal) × monthly interest rate.
the same loan is 3, yuan, with a loan interest rate of 4.9% for 2 years. The repayment amount in the first month = (3, ÷ 24) (3,-) × (4.9%/12) = 2,475 yuan, and the repayment amount in the second month = (3, ÷. The total repayable loan principal and interest is 447,612.5 yuan, so the total repayable interest is 447,612.5-3, = 147,612.5 yuan.
fourth, how to calculate the car loan?
How to calculate the car loan
The car loan can be calculated by matching the principal and interest and average capital, or by using the car loan calculator. Matching principal and interest: total repayment interest = loan amount, loan month and month interest rate (January interest rate), loan month/(January interest rate), repayment month -1- loan amount; Average capital: Total repayment interest = (repayment months 1) monthly interest rate of loan amount /2.
another way to calculate the loan interest when applying for a loan to buy a car is to use the car loan calculator. Using the auto loan calculator to calculate the loan interest rate, we only need to choose the repayment method according to the situation of personal loan to buy a car, and input the loan amount, number of years and interest rate, so we can accurately calculate the loan interest rate.