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The above contents are for your reference. Please refer to the actual business regulations.
How to calculate the interest rate of credit loan
I. Basic formula for calculating interest The basic formula for calculating interest on savings deposits is: interest = principal × deposit period × interest rate.
II. Conversion of Interest Rate The conversion relationship among annual interest rate, monthly interest rate and daily interest rate is: annual interest rate = monthly interest rate × 12 (month) = daily interest rate ×360 (days); Monthly interest rate = annual interest rate ÷ 12 (month) = daily interest rate ×30 (days); Daily interest rate = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days). Pay attention to the consistency with the deposit period when using interest rates.
3. Interest starting point 1. The starting point of interest for savings deposits is RMB, and no interest is paid for cents below RMB. 2. The interest amount shall be calculated to one decimal place and rounded to one decimal place when actually paid. 3. Except that the current savings are settled on an annual basis and the interest can be converted into principal, regardless of the deposit period, the interest of other savings deposits will be paid off with the principal at the time of withdrawal, excluding compound interest.
Iv. Calculation of deposit period 1, and the calculation of deposit period adopts the method of counting the first number and the last number. 2, regardless of the big month, small month, flat month, leap month, every month is calculated as 30 days, and the whole year is calculated as 360 days. 3. The maturity date of all kinds of deposits shall be calculated on an annual and monthly basis. If the account opening date is the missing date of the expiration month, the expiration date should be the last day of the expiration month.
Verb (abbreviation of verb) Calculation of interest on foreign currency savings deposit The interest rate of foreign currency savings deposit is based on the interest rate announced by the People's Bank of China, and the original currency bears interest (the second currency can be converted into RMB according to the foreign exchange rate of the day). Its interest-bearing provisions and calculation methods are compared with RMB deposit methods.
How to calculate the formula of bank loan interest
How to calculate the formula of bank loan interest
I. Calculation formula of equal principal and interest:
[loan principal × monthly interest rate ×(65438+ 10 monthly interest rate) repayment months ]=[(65438+ 10 monthly interest rate) repayment months-1]
Second, the average capital calculation formula:
Monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
In which symbols represent power.
explain
Assuming that the principal is 65,438+00,000 yuan, the bank loan is 65,438+00 years, and the benchmark interest rate is 6.65%, compare the differences between the two loan methods:
Three. Matching principal and interest repayment method:
Monthly interest rate = annual interest rate12 = 0.066512 = 0.005541667.
Monthly repayment principal and interest = [10000× 0.005541667× (10.00546545438+0667)120]; [( 10.544438)]。 4546.6666666566
The total repayment amount is 137 17.52 yuan.
The total interest is 37 1752000 yuan.
Four, the average capital repayment method:
Monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
= (10000 ÷120) (10000-accumulated principal repayment amount) × 0.0054 1667.
The repayment in the first month is 138.75 yuan, with a monthly decrease of 0.462 yuan.
The total repayment amount is 13352+0 yuan.
Interest 3352.75438+0 yuan
How to calculate the interest on bank loans?
Matching (principal and interest) repayment method refers to the borrower's monthly matching repayment of loan principal and interest within the loan term; The calculation formula is as follows:
Monthly interest payment = residual principal x monthly loan interest rate;
Monthly repayment of principal = monthly repayment of principal and interest-monthly payment of interest.
Average capital repayment method: during the loan period, the principal returned in the monthly payment remains unchanged, the interest decreases month by month, and the monthly payment decreases month by month.
Calculation method of monthly payment by average capital repayment method:
Monthly principal payable (unchanged) = total loan/total repayment months.
Monthly interest payable (decreasing) = monthly interest rate of remaining principal.
Monthly repayment (decreasing) = monthly repayment of principal and interest.
skill
Compared with the equal principal and interest repayment method, the average principal repayment method has greater pressure on early repayment and less total interest.
Calculation of interest formula of bank loan
If you want to try the monthly payment information for reference at present, please open the link → [Click here to enter the webpage link] to try to try the monthly payment using the benchmark interest rate of the current loan.
How to calculate the interest formula of bank loans? How to calculate the mortgage interest?
The loan of China Merchants Bank is the result of comprehensive calculation based on the loan amount, interest rate, loan term, repayment method and other factors. If you want to do a trial calculation for reference at present, please open the following link:: cmbchina. /cmbwebpubinfo/cal _ loan _ per . aspx？ Chnl=dkjsq tries to use the benchmark interest rate of the current loan for trial calculation.
How to calculate the interest on bank loans? What is the loan interest rate of 120000 yuan?
Matching principal and interest repayment method: monthly interest payment = remaining principal x monthly loan interest rate;
Monthly repayment of principal = monthly repayment of principal and interest-monthly payment of interest.
Average capital repayment method: during the loan period, the principal returned in the monthly payment remains unchanged, the interest decreases month by month, and the monthly payment decreases month by month.
Calculation method of monthly payment by average capital repayment method:
Monthly principal payable (unchanged) = total loan/total repayment months.
Monthly interest payable (decreasing) = monthly interest rate of remaining principal.
Monthly repayment (decreasing) = monthly repayment of principal and interest.
skill
Compared with the equal principal and interest repayment method, the average principal repayment method has greater pressure on early repayment and less total interest.
At present, PBOC has announced the benchmark annual interest rate of loans: 0-6 months (including 6 months), with an annual interest rate of 4.35%; 6 months-1 year (inclusive), with an annual interest rate of 4.35%; 1-3 years (including 3 years), with annual interest rate of 4.75%; 3-5 years (including 5 years), with an annual interest rate of 4.75%; 5-30 years (including 30 years), with an annual interest rate of 4.90%; The loan interest rate needs to be comprehensively priced according to the business type, credit status, guarantee method and other factors you apply for, and can only be determined after being approved by the handling outlets.
If you want to calculate the monthly payment and interest information for reference, please open the following link:: cmbchina. /cmbwebpubinfo/cal _ loan _ per . aspx？ Chnl=dkjsq tries to use the benchmark interest rate of the current loan to try monthly payment. (You can view information such as monthly payment, monthly principal, monthly interest, principal balance, total interest and total repayment).
Monthly calculation formula of bank loan interest
Monthly payment of equal principal and interest = monthly interest rate of principal (1 month interest rate) and loan periods /[( 1 month interest rate) and loan periods-1]
20 13 the latest loan interest rate is:
The short-term loan interest rate within 6 months is 5.60%.
1 to 3-year medium and long-term loan interest rate is 6. 15%.
5-year period 6.4%, 10 period 6.55%.
The suggestion can be calculated by the 360 loan calculator.
Calculation and formula of interest bearing on debt interest of similar bank loans
The interest rate for judging the debtor's arrears shall be based on the bank loan interest rate for the same period. Examples are as follows: for example, if the term of arrears is one year, it will be implemented at the one-year bank loan interest rate; If the term of arrears is more than one year but less than three years, the loan interest rate will be one to three years, and so on.
How to calculate the interest on bank loans?
Loan interest:
It refers to the reward that the lender gets from the borrower for issuing monetary funds, and it is also the price that the borrower must pay for using the funds.
Loans can be mortgaged (real estate, etc.). ) or secured loans, the latter with a smaller loan amount.
Calculation method of bank loan interest: Generally, compound interest is calculated on a monthly basis.
There are two ways to repay by installments: one is equal principal and interest, and the other is average capital. Short-term repayment can also be a one-time repayment of principal and interest.
If you apply for a loan through Agricultural Bank, this link is our official website loan interest calculator, please click Calculate. Web page link
Daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (‰)÷30.
Monthly interest rate (‰) = annual interest rate (%)÷ 12
Banks can use product interest method and transaction interest method to calculate interest.
The product interest method accumulates the account balance daily according to the actual number of days, and multiplies 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.
Interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term.
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
How is the bank loan calculator calculated?
1. Monthly interest rate: interest calculated on a monthly basis. The calculation method is: monthly interest rate = annual interest rate ÷ 12 (month).
2. Daily interest rate: The daily interest rate is called the daily interest rate and is calculated on a daily basis. The calculation method is: daily interest rate = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days).
3. Annual interest rate: usually in the form of percentage of principal, interest is calculated annually. Calculation method: annual interest rate = interest ÷ principal ÷ time × 100%.
4. Annualized interest rate: refers to the interest rate at which the inherent rate of return of products is discounted to the whole year, which is quite different from the calculation method of annual interest rate. Assuming that the yield of a wealth management product is one year and the yield is B, the annualized interest rate R is calculated as R=( 1B)A- 1.
5. Calculation formula of equal principal and interest: [loan principal × monthly interest rate× (1interest rate) repayment months] ÷ repayment months [( 1 interest rate) repayment months-1]
6. Calculation formula of average fund: monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
Extended information:
Bank loan refers to an economic behavior in which banks lend funds to people in need at a certain interest rate according to national policies and agree to return them within a specified time limit. Generally, you need a guarantee, a house mortgage, or proof of income, and your personal credit information is good before you can apply.
Moreover, in different countries and different development periods of a country, the types of loans classified according to various standards are also different. For example, industrial and commercial loans in the United States mainly include ordinary loan quotas, working capital loans, standby loan commitments, and project loans. In Britain, industrial and commercial loans are mostly in the form of discounted bills, credit accounts and overdraft accounts.
According to different classification standards, there are different types of bank loans. For example:
1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans;
2. According to different repayment methods, it can be divided into demand loans, term loans and overdrafts;
3. According to the purpose or object of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans and securities broker loans.
4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.
5. According to the loan amount, it can be divided into wholesale loans and retail loans;
6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on.
Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation.
The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period.
The loan interest rate is determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, as well as the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. Overdue loans will be punished according to regulations.
The advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.
Credit card loan interest rate calculator
Loan calculator provided by commercial banks
This kind of calculator is characterized by relying on the bank website platform and high credibility; The disadvantage is that the calculation conditions are simple, mainly theoretical calculation, regardless of reality. For example, the calculation formula of daily interest rate is generally: daily interest rate = annual interest rate/360; The calculator provided by the bank is generally calculated according to 365, which is different from the actual situation.
Second, the loan calculator provided by the real estate website
This kind of loan calculator is generally based on the loan calculator on the bank website, with little or no change, and its shortcomings are similar to the previous article.
Third, Taobao customer loan calculator
This calculator is a fully customized parametric calculator, and the calculation results are completely consistent with the actual situation, providing more real and powerful data support for your loan decision!