The calculation of loan repayment period of solid loan project is a calculation process by calculating the interest payable and loan principal accumulation in each year when the loan is used in different years and the repayment ability in each year is known. Among them, the interest calculation formula is as follows:
Interest calculation formula:
Loan interest during construction period = (accumulated loan principal at the beginning of the year /2)× annual interest rate.
Loan interest in production period = (accumulated loan principal at the beginning of the year-repayment this year /2)× annual interest rate.
Pay off the annual interest of the loan = accumulated loan principal at the beginning of the year /2× annual interest rate.
Where: annual interest rate = monthly interest rate × 12 loan repayment period calculation formula: loan repayment period = annual serial number of the year in which the loan is paid off-1 repayment amount in the current year/repayment ability in the current year.
Extended data:
If the loan term calculated by solvency is lower than the upper limit of the loan term, the loan term calculated by solvency shall prevail in principle.
Section 2 Classification Control Standards for Loan Term
I. The upper limit of the loan term of our bank is controlled according to Schedule 4-6- 1.
Second, the principle of determining the grace period
The grace period is the same as the project construction period in principle, and generally does not exceed the second year after the project is officially put into production. The grace period for loans used by development banks for mergers and acquisitions and debt restructuring shall not exceed 3 years in principle.
Three. Principles for determining the loan term and grace period of foreign exchange loans
(1) The term of foreign exchange loans for domestic projects shall refer to the standard for controlling the term of RMB loans in the same industry;
(2) The loan period for overseas projects shall not exceed 15 years in principle;
(3) The grace period of foreign exchange loans shall be determined with reference to the relevant provisions on RMB loans.