Auto loan has four characteristics: 1) No guarantee: Ping An auto loan does not need collateral, and Ping An examines the borrower's credit to lend money. If the borrower has good credit, he can apply for Ping An auto loan; 2) Convenient application: When applying for a loan, the borrower can apply through the Internet or telephone. After Ping An passes the preliminary examination, the borrower only needs to go to Ping An Bank once; 3) Quick loan: Ping An car loan can be obtained as soon as possible, which is tantamount to giving timely help to those who urgently need to buy a car; 4) The loanable amount is high: based on the borrower's salary income, the maximum loanable amount is 500,000 yuan, which is completely enough for general automobile consumption and purchase. And how much is the interest on Ping An car loan? According to the standard of new loans, the monthly interest rate is the lowest 1.59% and the highest 1.99%. Therefore, the interest rate of Ping An car loan is not low, the lowest is 19.08%. Compared with other car loan businesses in the market, the interest rate has no obvious advantage.
Second, how much is the interest of Ping An Bank's car loan? How to calculate it! I'm going to borrow 40 thousand and pay it back in two years. Please help me calculate the monthly payment. And how much more than the full amount.
According to faith 1.59%, the highest is 1.99%. Therefore, the interest rate of Ping An car loan is not low, the lowest is 19. The loan business has no obvious advantages.
3. I got a car loan of 40,000 yuan, with interest of 6.8%. How much is the interest for two years?
The car loan is 40 thousand, with interest of 6% 8 and interest of 5440 yuan for two years.
Because interest = principal × loan period × annual interest rate. It is known that the loan principal is 40,000 yuan, the loan term is 2 years, and the annual interest rate of the loan is
6.8% (6.8%). Therefore, applying the above formula, interest = 40,000 (principal) 2 (loan period) 6.8% (annual loan interest rate) = 5,440 yuan.
So it can be seen from the above calculation that the amount of interest depends on three factors: principal, loan time and interest rate level. In other words, the higher the principal, the longer the loan life and the higher the interest rate, so the corresponding interest will be relatively high. On the other hand, if the principal is low, the loan period is short and the interest rate is low, then the corresponding interest will be less.
Extended data:
In addition to calculating the interest for two years, you can also calculate the interest one by one according to the predetermined interest formula. Interest = principal × interest rate× loan term. Interest is calculated one by one, and there are three details:
(1) If the interest-bearing period is a whole year (month), the interest-bearing formula is: interest = principal × year (month )× year (month) interest rate;
(2) If the interest period has a whole year (month) and odd days, the interest formula is: interest = principal × number of years (months) × annual (month) interest rate principal × odd days × daily interest rate;
(3) Banks can choose to convert the interest period into actual days to calculate interest, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar of the current month. The interest calculation formula is: interest = principal × actual days × daily interest rate.