There are years and months. But once a month is more common. According to what, it is according to the repayment method.

For example, if the principal and interest are equal, the interest will be paid monthly, and once the monthly interest expires, the repayment of the principal will also be paid monthly; One-time repayment of principal and interest is annual. Specifically, the repayment method is.

If you don't know the repayment method in question, you can't calculate the monthly repayment amount. Even if it is paid off in one lump sum after five years, there are differences in the way of paying principal and interest once or once a month. You need to know the specific repayment method to say it accurately.

As the loan has been made in the problem, it is suggested to drag out a list from the loan bank, that is, the repayment list, which lists the monthly repayment, repayment date, accumulated interest, principal and other information in detail, which is comprehensive and accurate.

2. What do you mean by "repayment of loan interest" and "repayment of loan principal" respectively?

Loan interest repayment: refers to the interest paid by the main lender. Loan principal repayment: refers to the loan principal repaid by the main lender, that is, the money borrowed at the beginning. Usually, bank loans pay both principal and interest, but the proportion structure of principal and interest is different:

1, repayment method of equal principal and interest. The advantage is that the borrower can accurately grasp the monthly repayment amount and arrange the family's income and expenditure in a planned way. This is more convenient and easier to remember. The disadvantage is that the total interest expense is relatively high, which is suitable for customers with stable income and little change in expected income. They buy a house for self-occupation.

2. average capital repayment method and decreasing repayment method. The advantage is that the interest expense is relatively small, but the disadvantage is that the monthly repayment amount is gradually reduced, and the pressure of repayment in the early stage is greater. It is suitable for self-occupied customers who have higher income at present, or whose monthly repayment accounts for a small proportion of the family's monthly income by equal repayment, but their expected income is uncertain.

3. Is the interest on bank loans annual or monthly?

This is based on repayment methods, including annual repayment and monthly repayment. If the principal and interest are repaid in the same amount, the principal and interest will be repaid in one lump sum when the interest and interest are due. One-time repayment of principal and interest is the annual interest rate, which is generally the annual interest rate. Sometimes banks like some customers may calculate interest according to the actual number of days of prepayment, which is not an integer month. Also, because the loan applied for in the bank is usually repaid monthly, the interest is basically calculated monthly. For example, banks mainly adopt the average capital repayment method and the equal principal and interest repayment method. Both repayment methods calculate interest on a monthly basis.

It is precisely because the interest of bank loans is generally calculated on a monthly basis that when banks basically give interest, they need to convert the annual interest rate into a monthly interest rate to calculate it. The annual interest rate can be easily converted into monthly interest rate, and vice versa. Annual interest rate = monthly interest rate ×12; Monthly interest rate = annual interest rate converted into monthly interest rate or annual /30 = annual interest rate /360.

1. How soon can the bank loan be approved?

The loan issuance time is determined according to the progress of the current batch. Personal credit loan takes about 7 working days, mortgage loan takes about 3 to 5 working days, and the longest time is about 15 days.

Loan application: basic information of the borrower and guarantor; The financial report of the previous year approved by the financial department or accounting (auditing) firm, and the previous financial report of the loan application; List of items to be corrected for the original unreasonable occupation of the loan, the consent certificates of the mortgagee and the pledgee, and other relevant materials that the guarantor intends to agree to guarantee and the relevant bank deems necessary;

Credit rating evaluation, the credit rating of the borrower is evaluated by the credit cooperatives;

Loan investigation: credit cooperatives investigate the legitimacy, safety and profitability of borrowers;

The loan management system of loan approval and first-level approval.

Signing contracts, credit cooperatives and borrowing money

Loans, credit cooperatives in accordance with the provisions of the loan contract;

Check the bank loan contract and the borrower's business after the loan.

When the loan is repaid and the loan expires, the borrower shall repay the loan principal and interest in full on time.

Second, what information should be prepared for bank loans?

2. Permanent residence or valid residence certificate and fixed residence certificate;

3. Proof of marital status;

4、

5. Proof of income or personal assets;

7. Loan use plan

8. Other information required by the bank.

4. Is the interest on bank loans annual or monthly?

Bank loans can be repaid annually or monthly. Bank loan refers to an economic behavior in which banks distribute funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit. Generally, you need to provide guarantee, house mortgage, income certificate and good personal credit information to apply. 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 refers to the remuneration paid by the borrower to the lender in order to obtain the right to use funds, which is the use price of funds in a certain period (that is, the loan principal). The loan interest can be calculated in detail by the loan interest calculator. 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; This is also part of the bank's profits. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of expanding social reproduction and promoting economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation. Matching principal and interest repayment, that is, the sum of loan principal and interest is repaid by matching monthly. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same. Paying interest on a monthly basis and repaying the principal at maturity: that is, the borrower repays the loan principal in one lump sum on the maturity date of the loan (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis and the interest is repaid on a monthly basis.