Suppose the user borrows 654.38 million yuan with interest of 2.6% and repays it within two years. Converted, the annual interest is 7200 yuan. If so, it is not low, but it is not a very high interest rate.
If you apply for a mortgage loan, the interest rate is 2.6%. Because mortgage loans are large loans and take a long time to repay, the interest rate of most mortgage loans is between 5% and 5.5%. If the mortgage interest rate applied by users is 6%, then this is undoubtedly relatively high.
No problem, the car loan interest rate is generally between 0.5% and 0.9% per month, that is, between 5% and 9% per month.
The calculation of interest is generally based on the number of months in installments, and the total interest during this period is calculated. The calculation formula of equal interest repayment is: monthly repayment amount = [principal x monthly interest rate x( 1+ monthly interest rate) loan month ]/[( 1+ monthly interest rate) repayment month-1] monthly interest = residual principal x monthly interest rate.
The calculation formula of average capital interest is: monthly principal and interest = (principal/repayment month)+(accumulated principal repayment) × monthly interest rate, monthly principal = total principal/repayment month interest = (accumulated principal repayment) × monthly repayment interest = (repayment month+1)* loan amount * monthly interest rate /2.
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Matters needing attention in the process of handling auto loans:
1. Master the car loan fee in detail to prevent dealers from overcharging. The key is that when consumers apply for car loans, dealers will deliberately overcharge.
2. Pay attention to the terms of the loan contract. Some dealers will not handle loans according to the agreed standards.
3. Inform the dealer in advance to prevent compulsory consumption. When buying a car with a loan, the dealer will force consumers to take out insurance with a designated insurance company.
4. Check the signature on the contract carefully to prevent the dealer from forging it. The dealer forged the signature of the consumer on the contract and changed the total price of the car and the monthly repayment amount without authorization.