Loan cost = loan amount loan interest rate (that is, LIBOR300BP, LIBOR plus 300 basis points)

Deposit cost = 40% of the loan amount, the profit rate of the company's business (that is, how much money will be earned if the money is not in the bank but used for business)-40% of the loan amount, one-year fixed deposit interest rate.

Then the total cost ratio = comprehensive cost (that is, loan cost and deposit cost)/actual financing amount (that is, 60% of the loan amount).

How to calculate the loan cost?

The loan cost is calculated as follows:

I. Interest cost

Interest cost is the cost paid to banks and the core component of loan cost. The interest rate of real estate mortgage loan mainly depends on three factors:

1. The benchmark interest rate of the central bank beyond the control of commercial banks and borrowers;

2. The floating adjustment of the benchmark interest rate of commercial banks, such as the 10% discount mortgage interest rate in Wuhan or the floating interest rate of small and micro companies, can save costs for borrowers to some extent;

3. The repayment method and loan term selected by the borrower, assuming other conditions are the same, the longer the term, the higher the interest, and the total interest of repayment method in average capital is lower than that of repayment method with equal principal and interest.

Second, the cost

Cost is a part that many people easily overlook, but this expenditure is quite a lot.

1. Credit loan

In credit loans, prepayment penalty is the most common. Most banks stipulate that if the borrower settles the loan in advance, it is required to pay 5% of the total loan as a penalty for prepayment.

2. Housing mortgage loan

With regard to housing mortgage loan, the expenses involved include entrance fee, assessment fee, information fee and guarantee fee. Some commercial banks will also ask for insurance or wealth management products after issuing loans.

Third, time cost.

Time cost is very important. The borrower is most concerned about when the funds will arrive, but in fact, the requirements and processes of each bank are different, and the lending time is different. Take personal housing loan as an example. Usually, after the loan application materials are collected completely, the loan time is about 15 working days, and some banks have more than two months. In addition, it depends on how the borrower handles the loan and whether the account manager always pays attention to the loan progress.

Generally speaking, under the same other conditions, the approval speed of enterprise loans is lower than that of personal loans, and the approval speed is faster than that of mortgage loans. For borrowers, loans are for emergency or problem solving. If the business is delayed due to the delay in loan issuance, it is of little significance.

Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date.

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 social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

How to calculate the loan cost?

With the change of people's consumption concept, early consumption methods like loans are becoming more and more popular, especially mortgage and car loans, but do you know how to calculate the seemingly simple loan cost? Today, around the topic of how to calculate the loan cost, I will bring you a concrete analysis.

How to calculate the loan cost?

interest cost

Interest cost is the cost paid to banks and the core component of loan cost. The borrower's interest level depends on three factors:

(1) The benchmark expected annualized interest rate of the central bank is beyond the control of both commercial banks and borrowers;

(2) the adjustment of the expected annualized interest rate by commercial banks, such as some preferential loan policies;

(3) The repayment method and loan term chosen by the borrower, for example, under the same other conditions, the longer the term, the higher the interest, and the interest cost of the average capital repayment method is lower than that of the equal principal and interest repayment method.

Expense cost

Expense cost is what we often say about some handling fees and service fees.

For example, credit loans, account management fees and liquidated damages are common. For example, Bohai Bank needs to charge an account management fee every month. Another example is the installment fee in credit card consumption, as well as mortgage insurance premium, loan notarization fee, mortgage registration fee, appraisal fee, provident fund loan guarantee fee and so on. In small and micro enterprise loans, many commercial banks will charge enterprises financial consulting fees, consulting fees and other fees.

time cost

Time is money, which is absolutely correct. The borrower is most concerned about the time when the funds arrive, but the reality is that the bank's requirements and processes are different, and the lending time is not easy to determine. For general loans, the approval time is about 15 working days after the materials are collected completely. In addition, there are various factors that will affect the loan speed, such as some problems of the bank itself.

For the borrower, since the loan is for emergency or problem solving, it is of little significance if the business is delayed because of the delay in lending.

An example of how to calculate the interest of bank loans is given.

(1) The interest rate conversion formula for RMB business is as follows

1, daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (%) ÷ 30

2. Monthly interest rate (%) = annual interest rate (%)÷ 12.

(two) banks can use the product interest method and the transaction interest method to calculate interest:

1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is:

Interest = cumulative interest-bearing product × daily interest rate, where cumulative interest-bearing product = total daily balance.

2. Transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term, with three details:

If the interest-bearing period is a whole year (month), the interest-bearing formula is:

① Interest = principal × year (month )× year (month) interest rate

If the interest-bearing period is a whole year (month) and days, the interest-bearing formula is:

② Interest = principal × year (month) × year (month) interest rate principal × odd days × daily interest rate.

At the same time, banks can choose to convert all interest-bearing periods 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-bearing formula is as follows:

③ Interest = principal × actual days × daily interest rate

These three formulas are essentially the same, but because the interest rate conversion is only 360 days a year. However, when calculating the actual daily interest rate, it will be calculated according to 365 days a year, and the result will be slightly biased.

Extended data

The decisive factors of bank loan interest are:

1, bank cost. Any economic activity needs cost-benefit comparison. There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business.

2. Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest.

3. Supply and demand of loan funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa. In addition, the loan interest rate must also consider price changes, securities returns, political factors and so on.

However, some scholars believe that the upper limit of interest rate should be the marginal rate of return of funds. The factor that restricts the interest rate is regarded as the comparison between the profit growth rate of enterprises after borrowing bank loans and the loan interest rate. As long as the former is not lower than the latter, it is possible for enterprises to borrow money from banks.

1, compound interest: compound interest means adding interest at a certain interest rate. According to the regulations of the central bank, if the borrower fails to repay the interest at the time agreed in the contract, it will be charged with compound interest.

2. Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest paid by the bank to the non-defaulting party according to the contract signed with the parties is called bank penalty interest.

3. loans overdue liquidated damages: the nature is the same as penalty interest, and it is a punitive measure for the defaulting party.