Loan term: 20 years (240 months)

Several situations in which the interest rate remains unchanged and the loan is fully paid off:

☆ Calculated by commercial loans with equal principal and interest.

Annual interest rate: 7.05% (monthly interest rate is 5.875‰)

Monthly payment: 3502.36 yuan.

Total interest: 390,567.28 yuan.

☆ Calculated by commercial loans and average capital.

Annual interest rate: 7.05% (monthly interest rate is 5.875‰)

The first monthly payment: 45 18.75 yuan.

Decreasing month by month: 1 1.02 yuan.

Monthly payment at the end of the month: 1886.02 yuan.

Total interest: 3 1857 1.88 yuan.

☆ Calculated according to the provident fund loan with equal principal and interest.

Annual interest rate: 4.9% (monthly interest rate: 4.0333 ‰)

Monthly payment: 2945 yuan

Total interest: 256,799.57 yuan.

☆ Calculated by provident fund loans and average capital.

Annual interest rate: 4.9% (monthly interest rate: 4.0333 ‰)

The first monthly payment: 37 12.5 yuan.

Decreasing month by month: 1 1.02 yuan.

Monthly payment at the end of the month: 1882.66 yuan.

Total interest: 22 14 18.75 yuan.

Extended data:

Commercial loan interest rate is the interest rate charged by banks when they issue corporate loans. For example, the loan interest rate for enterprises.

From March 17, 2005, the interest rate of self-owned housing loans was changed to the interest rate of commercial loans, and the upper limit was liberalized and the lower limit management was implemented. The lower limit interest rate is 0.9 times of the benchmark interest rate of the corresponding term and grade loans.

Loan interest rate table interest rate (%)

I. Various types of loans

six months

5.3 1 year

5.40 for one to three years

Three to five years 5.76

More than five years 5.94

The second is personal housing provident fund loans.

Less than five years (including five years) 3.33

More than five years 3.87

loan rate

Update time of interest rate: 20 1 1-07-07.

Loans within six months (including six months) 6. 10

Loans from six months to one year (including 1 year) 6.56

One to three years (including three years) loan 6.65

Loans for three to five years (including five years) 6.90

Loans for more than five years

20 12 latest benchmark interest rate for commercial loans

Interest rate update time: 20 12-07-06

Loan Term Interest Rate (%)

Loans within six months (including six months) 5.60

Loans from six months to one year (including 1 year) 6.00

Loans for one to three years (including three years) 6. 15

Loans for three to five years (including five years) 6.40

Loans for more than five years 6.55

Calculation method

Assuming that the total loan amount is A, the monthly interest rate of the bank is β, the total number of installments is M (months) and the monthly repayment amount is X, the monthly loan owed to the bank is:

First month

The second month A( 1+β)-X

The third month (a (1+β)-x) (1+β)-x = a [(1+β) 2]-x [1+β)]

The fourth month ((a (1+β)-x) (1+β)-x) (1+β)-x = a [(1+β) 3]-x [/kloc-]