An industrial and commercial loan of RMB 50,000 is repaid in 64 installments, with an interest of 5% and 5%, and is repaid in one month

According to the formula: monthly payment amount = (loan principal ÷ number of repayment months ) (Loan principal - Accumulated amount of repaid principal) × monthly interest rate, you can get, one month’s repayment is 1,026.25 yuan.

Industrial and commercial loans are loans granted to industrial and commercial enterprises. Most of the money lent by commercial banks is this type of loan, and the repayment period may be long or short, depending on the needs of the enterprise. All enterprises (institutional) legal persons, individual partnerships, individual industrial and commercial households, or natural persons with full capacity for civil conduct who have the nationality of the People's Republic of China and are approved and registered by the industrial and commercial administration authorities (or competent authorities) can apply to establish Credit relationships and loan applications.