How to calculate the interest?
There are two main repayment methods of auto loans: matching principal and interest and average capital, and the selected repayment method. Interest is also calculated in different ways.
1. Equal principal and interest:
Monthly repayment amount = [loan principal × monthly interest rate ×( 1 interest rate) repayment months ]=[( 1 interest rate) repayment months-1].
For example, if the loan is 300,000 yuan and the annual interest rate of the loan is 4.90% for 20 years, then the monthly repayment amount = {300,000× (4.90%/12 )× [1(4.90%12)] 240} {[repayable loan]
2. Average capital:
Monthly repayment amount = (loan principal ÷ repayment months) (loan principal-accumulated amount of repaid principal) × monthly interest rate.
The same loan is 300,000 yuan, with a loan interest rate of 4.90% for 20 years. The repayment amount in the first month = (300,000 ÷ 240) (300,000-0) × (4.90%/12) = 2,475 yuan, and the repayment amount in the second month = (300,000 \ the total loan principal and interest payable is 4,47612.5 yuan, so the total interest payable is.
Second, how to calculate the interest on car loans?
Loans are generally repaid with equal principal and interest, with a loan of 90,000 yuan, interest of 7% (annualized interest rate of 8.4%), three-year repayment (36 months), and monthly repayment: 2,836,438+0 yuan. The total loan interest for three years is: 12 128.76 yuan. The formula for calculating the monthly repayment amount is as follows: [loan principal × monthly interest rate ×( 1 interest rate) repayment months ]=[( 1 interest rate) repayment months-1]: the car loan interest rate refers to the interest rate used by the lender when lending money to buy a car. It is the interest rate of a specific automobile loan agreed by the lender and the borrower according to the statutory loan interest rate and the floating collusion range stipulated by the People's Bank of China, and it is stated in the loan contract. According to the regulations of the central bank, the benchmark interest rate is implemented for auto loans, but financial institutions can float within a certain range of the benchmark interest rate. The term of auto loans of major banks generally does not exceed 5 years. Calculation formula of monthly car loan: a = p {i (1i) n/[(1i) n-1]} a: monthly contribution p: total contribution i: monthly interest rate (annual interest rate/12)n: total contribution. Step 2: After submission, the repayment amount and interest of the auto loan will be calculated clearly. Among them, the information to be filled in includes: region, loan institution category, loan institution, loan proportion, loan term, loan amount, annual interest rate of loan, repayment method, repayment frequency and whether repayment details are displayed. After you fill in the above information, click the calculate button, and you will get the result you want to calculate. The actual interest rate of car loan is set by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank. Generally, customers with excellent conditions can enjoy the benchmark interest rate or float down 10%, while ordinary customers need to float up 10% on the basis of the benchmark interest rate. Repayment method: One-time repayment of principal and interest, also known as one-time repayment of principal and interest at maturity, means that the borrower does not repay the principal and interest on a monthly basis during the loan period, but pays the principal and interest at one time after the loan expires. Recently, the People's Bank of China issued a personal housing loan with a term of 1 year (including 1 year), which adopted this method. At present, the bank stipulates that the loan period is within one year (including one year), so the repayment method is a one-time repayment of principal and interest, that is, the principal of the initial loan plus the interest of the whole loan period. The calculation formula of lump-sum debt service method is: lump-sum debt service amount = loan principal ×[ 1 annual interest rate (%)] (loan term is one year) = loan principal ×[ 1 monthly interest rate (‰) × loan term (month)] (loan term is less than one year), where: monthly interest rate = annual interest rate. The calculation formula of monthly repayment amount is as follows: [loan principal × monthly interest rate ×( 1 interest rate )× repayment months] ÷ monthly repayment amount [( 1 interest rate )× repayment months]
3. How to calculate my car loan interest rate?
My car loan is 80,000 yuan, and the monthly interest for three years is 26 16 yuan.
Fourth, how to calculate the installment interest of car loan 65438+ 10,000 36?
Suppose the loan interest rate announced by the People's Bank of China is 1-3 years (including 3 years), and the interest of ordinary loans for 3 years is = 100000 yuan.
The 36-term interest of 10 shall be repaid by equal principal and interest of CCB: the loan principal is 10003. The amount of principal and interest for monthly repayment is RMB awarded by the office; The total repayment amount is yuan. * * * Interest yuan should be repaid; The interest of 1 month is RMB; 1
In addition to bank loans, installment payment can also be made by credit card installment and auto finance company credit. Car owners can learn more about the down payment and interest rate of different loan methods in order to choose the appropriate loan method.
auto loan
The interest of used car loan is mainly related to the loan interest rate and term, and the calculation formula is: the term of annual interest rate. Need to remind car owners that some are under the banner of "zero interest rate" and "zero down payment", and the amount of the final payment is often higher than the loan interest.
See whether the company's credibility is strong in the loans provided by the auto finance guarantee company.